PREIX vs. VOO
Compare and contrast key facts about T. Rowe Price Equity Index 500 Fund (PREIX) and Vanguard S&P 500 ETF (VOO).
PREIX is managed by T. Rowe Price. It was launched on Mar 30, 1990. 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: PREIX or VOO.
Key characteristics
| PREIX | VOO | |
|---|---|---|
| YTD Return | 26.72% | 26.88% |
| 1Y Return | 37.33% | 37.59% |
| 3Y Return (Ann) | 10.05% | 10.23% |
| 5Y Return (Ann) | 15.75% | 15.93% |
| 10Y Return (Ann) | 13.21% | 13.41% |
| Sharpe Ratio | 3.03 | 3.06 |
| Sortino Ratio | 4.04 | 4.08 |
| Omega Ratio | 1.57 | 1.58 |
| Calmar Ratio | 4.40 | 4.43 |
| Martin Ratio | 19.89 | 20.25 |
| Ulcer Index | 1.87% | 1.85% |
| Daily Std Dev | 12.27% | 12.23% |
| Max Drawdown | -55.32% | -33.99% |
| Current Drawdown | -0.28% | -0.30% |
Correlation
The correlation between PREIX and VOO is 0.99, 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
PREIX vs. VOO - Performance Comparison
The year-to-date returns for both investments are quite close, with PREIX having a 26.72% return and VOO slightly higher at 26.88%. Both investments have delivered pretty close results over the past 10 years, with PREIX having a 13.21% annualized return and VOO not far ahead at 13.41%. 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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PREIX vs. VOO - Expense Ratio Comparison
PREIX has a 0.15% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PREIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Index 500 Fund (PREIX) 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
PREIX vs. VOO - Dividend Comparison
PREIX's dividend yield for the trailing twelve months is around 1.09%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREIX T. Rowe Price Equity Index 500 Fund | 1.09% | 1.33% | 1.50% | 1.15% | 1.56% | 1.78% | 1.95% | 1.65% | 1.83% | 2.02% | 1.69% | 1.63% |
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
PREIX vs. VOO - Drawdown Comparison
The maximum PREIX drawdown since its inception was -55.32%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PREIX and VOO. For additional features, visit the drawdowns tool.
Volatility
PREIX vs. VOO - Volatility Comparison
T. Rowe Price Equity Index 500 Fund (PREIX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.85% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.