PAX vs. VOO
Compare and contrast key facts about Patria Investments Limited (PAX) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAX or VOO.
Key characteristics
| PAX | VOO | |
|---|---|---|
| YTD Return | -17.42% | 27.15% |
| 1Y Return | -4.51% | 39.90% |
| 3Y Return (Ann) | -7.84% | 10.28% |
| Sharpe Ratio | -0.21 | 3.15 |
| Sortino Ratio | -0.13 | 4.19 |
| Omega Ratio | 0.98 | 1.59 |
| Calmar Ratio | -0.13 | 4.60 |
| Martin Ratio | -0.33 | 21.00 |
| Ulcer Index | 16.65% | 1.85% |
| Daily Std Dev | 25.58% | 12.34% |
| Max Drawdown | -41.46% | -33.99% |
| Current Drawdown | -34.09% | 0.00% |
Correlation
The correlation between PAX and VOO is 0.49, 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. VOO - Performance Comparison
In the year-to-date period, PAX achieves a -17.42% return, which is significantly lower than VOO's 27.15% 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Patria Investments Limited (PAX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PAX's dividend yield for the trailing twelve months is around 7.59%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAX Patria Investments Limited | 7.59% | 6.34% | 5.04% | 4.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PAX vs. VOO - Drawdown Comparison
The maximum PAX drawdown since its inception was -41.46%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PAX and VOO. For additional features, visit the drawdowns tool.
Volatility
PAX vs. VOO - Volatility Comparison
Patria Investments Limited (PAX) has a higher volatility of 8.91% compared to Vanguard S&P 500 ETF (VOO) at 3.95%. This indicates that PAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.