PAX vs. VGT
Compare and contrast key facts about Patria Investments Limited (PAX) and Vanguard Information Technology ETF (VGT).
VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAX or VGT.
Key characteristics
| PAX | VGT | |
|---|---|---|
| YTD Return | -23.60% | 16.75% |
| 1Y Return | -19.36% | 32.75% |
| 3Y Return (Ann) | -8.74% | 11.26% |
| Sharpe Ratio | -0.79 | 1.57 |
| Daily Std Dev | 24.84% | 20.76% |
| Max Drawdown | -41.46% | -54.63% |
| Current Drawdown | -39.02% | -7.23% |
Correlation
The correlation between PAX and VGT is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PAX vs. VGT - Performance Comparison
In the year-to-date period, PAX achieves a -23.60% return, which is significantly lower than VGT's 16.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PAX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Patria Investments Limited (PAX) and Vanguard Information Technology ETF (VGT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PAX vs. VGT - Dividend Comparison
PAX's dividend yield for the trailing twelve months is around 8.20%, more than VGT's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAX Patria Investments Limited | 8.20% | 6.34% | 5.04% | 4.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.66% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
PAX vs. VGT - Drawdown Comparison
The maximum PAX drawdown since its inception was -41.46%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for PAX and VGT. For additional features, visit the drawdowns tool.
Volatility
PAX vs. VGT - Volatility Comparison
The current volatility for Patria Investments Limited (PAX) is 4.87%, while Vanguard Information Technology ETF (VGT) has a volatility of 7.27%. This indicates that PAX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.