PYPY vs. VOO
Compare and contrast key facts about Yieldmax PYPL Option Income Strategy ETF (PYPY) and Vanguard S&P 500 ETF (VOO).
PYPY and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYPY is an actively managed fund by YieldMax. It was launched on Sep 25, 2023. 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: PYPY or VOO.
Key characteristics
| PYPY | VOO | |
|---|---|---|
| YTD Return | 43.26% | 26.88% |
| 1Y Return | 58.82% | 37.59% |
| Sharpe Ratio | 2.25 | 3.06 |
| Sortino Ratio | 2.78 | 4.08 |
| Omega Ratio | 1.41 | 1.58 |
| Calmar Ratio | 3.95 | 4.43 |
| Martin Ratio | 11.17 | 20.25 |
| Ulcer Index | 5.20% | 1.85% |
| Daily Std Dev | 25.79% | 12.23% |
| Max Drawdown | -14.70% | -33.99% |
| Current Drawdown | -0.31% | -0.30% |
Correlation
The correlation between PYPY and VOO is 0.42, 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
PYPY vs. VOO - Performance Comparison
In the year-to-date period, PYPY achieves a 43.26% return, which is significantly higher than VOO's 26.88% 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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PYPY vs. VOO - Expense Ratio Comparison
PYPY has a 1.01% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PYPY vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) 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
PYPY vs. VOO - Dividend Comparison
PYPY's dividend yield for the trailing twelve months is around 42.35%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYPY Yieldmax PYPL Option Income Strategy ETF | 42.35% | 5.70% | 0.00% | 0.00% | 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
PYPY vs. VOO - Drawdown Comparison
The maximum PYPY drawdown since its inception was -14.70%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PYPY and VOO. For additional features, visit the drawdowns tool.
Volatility
PYPY vs. VOO - Volatility Comparison
Yieldmax PYPL Option Income Strategy ETF (PYPY) has a higher volatility of 6.93% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that PYPY'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.