RECS vs. VOO
Compare and contrast key facts about Columbia Research Enhanced Core ETF (RECS) and Vanguard S&P 500 ETF (VOO).
RECS and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RECS is a passively managed fund by Ameriprise Financial that tracks the performance of the Beta Advantage Research Enhanced U.S. Equity Index. It was launched on Sep 25, 2019. 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. Both RECS and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RECS or VOO.
Key characteristics
| RECS | VOO | |
|---|---|---|
| YTD Return | 13.46% | 11.78% |
| 1Y Return | 28.57% | 28.27% |
| 3Y Return (Ann) | 11.62% | 10.42% |
| Sharpe Ratio | 2.61 | 2.56 |
| Daily Std Dev | 11.40% | 11.55% |
| Max Drawdown | -34.29% | -33.99% |
| Current Drawdown | -0.19% | -0.04% |
Correlation
The correlation between RECS and VOO is 0.92, 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
RECS vs. VOO - Performance Comparison
In the year-to-date period, RECS achieves a 13.46% return, which is significantly higher than VOO's 11.78% 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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RECS vs. VOO - Expense Ratio Comparison
RECS 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
RECS vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Core ETF (RECS) 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
RECS vs. VOO - Dividend Comparison
RECS's dividend yield for the trailing twelve months is around 0.88%, less than VOO's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RECS Columbia Research Enhanced Core ETF | 0.88% | 1.00% | 1.41% | 20.64% | 1.09% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
RECS vs. VOO - Drawdown Comparison
The maximum RECS drawdown since its inception was -34.29%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RECS and VOO. For additional features, visit the drawdowns tool.
Volatility
RECS vs. VOO - Volatility Comparison
Columbia Research Enhanced Core ETF (RECS) has a higher volatility of 3.59% compared to Vanguard S&P 500 ETF (VOO) at 3.37%. This indicates that RECS'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.