PPVIX vs. VOO
Compare and contrast key facts about Principal SmallCap Value Fund II (PPVIX) and Vanguard S&P 500 ETF (VOO).
PPVIX is managed by Principal. It was launched on Jun 1, 2004. 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: PPVIX or VOO.
Key characteristics
| PPVIX | VOO | |
|---|---|---|
| YTD Return | 4.55% | 20.75% |
| 1Y Return | 21.09% | 33.60% |
| 3Y Return (Ann) | 8.49% | 11.14% |
| 5Y Return (Ann) | 10.69% | 15.64% |
| 10Y Return (Ann) | 8.56% | 13.20% |
| Sharpe Ratio | 0.99 | 2.47 |
| Daily Std Dev | 19.86% | 12.70% |
| Max Drawdown | -65.22% | -33.99% |
| Current Drawdown | -3.23% | -0.20% |
Correlation
The correlation between PPVIX and VOO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PPVIX vs. VOO - Performance Comparison
In the year-to-date period, PPVIX achieves a 4.55% return, which is significantly lower than VOO's 20.75% return. Over the past 10 years, PPVIX has underperformed VOO with an annualized return of 8.56%, while VOO has yielded a comparatively higher 13.20% annualized 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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PPVIX vs. VOO - Expense Ratio Comparison
PPVIX has a 0.96% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PPVIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal SmallCap Value Fund II (PPVIX) 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
PPVIX vs. VOO - Dividend Comparison
PPVIX's dividend yield for the trailing twelve months is around 2.94%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPVIX Principal SmallCap Value Fund II | 2.94% | 3.07% | 11.81% | 15.05% | 0.76% | 0.88% | 26.50% | 6.37% | 5.98% | 11.97% | 11.96% | 6.90% |
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
PPVIX vs. VOO - Drawdown Comparison
The maximum PPVIX drawdown since its inception was -65.22%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PPVIX and VOO. For additional features, visit the drawdowns tool.
Volatility
PPVIX vs. VOO - Volatility Comparison
Principal SmallCap Value Fund II (PPVIX) has a higher volatility of 6.14% compared to Vanguard S&P 500 ETF (VOO) at 4.19%. This indicates that PPVIX'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.