PAYX vs. VOO
Compare and contrast key facts about Paychex, Inc. (PAYX) 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: PAYX or VOO.
Performance
PAYX vs. VOO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PAYX having a 23.68% return and VOO slightly higher at 24.51%. Over the past 10 years, PAYX has outperformed VOO with an annualized return of 15.13%, while VOO has yielded a comparatively lower 13.12% annualized return.
PAYX
23.68%
1.15%
15.45%
26.46%
14.30%
15.13%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| PAYX | VOO | |
|---|---|---|
| Sharpe Ratio | 1.32 | 2.64 |
| Sortino Ratio | 1.84 | 3.53 |
| Omega Ratio | 1.26 | 1.49 |
| Calmar Ratio | 1.93 | 3.81 |
| Martin Ratio | 6.25 | 17.34 |
| Ulcer Index | 4.12% | 1.86% |
| Daily Std Dev | 19.44% | 12.20% |
| Max Drawdown | -64.85% | -33.99% |
| Current Drawdown | -3.88% | -2.16% |
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Correlation
The correlation between PAYX and VOO is 0.67, 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.
Risk-Adjusted Performance
PAYX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Paychex, Inc. (PAYX) 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
PAYX vs. VOO - Dividend Comparison
PAYX's dividend yield for the trailing twelve months is around 2.68%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAYX Paychex, Inc. | 2.68% | 2.90% | 2.62% | 1.90% | 2.66% | 2.85% | 3.35% | 2.82% | 2.89% | 3.03% | 3.16% | 1.54% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PAYX vs. VOO - Drawdown Comparison
The maximum PAYX drawdown since its inception was -64.85%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PAYX and VOO. For additional features, visit the drawdowns tool.
Volatility
PAYX vs. VOO - Volatility Comparison
Paychex, Inc. (PAYX) has a higher volatility of 7.28% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that PAYX'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.