Correlation
The correlation between RNW and VOO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
RNW vs. VOO
Compare and contrast key facts about ReNew Energy Global plc (RNW) 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: RNW or VOO.
Performance
RNW vs. VOO - Performance Comparison
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Key characteristics
RNW:
0.33
VOO:
0.74
RNW:
0.84
VOO:
1.04
RNW:
1.10
VOO:
1.15
RNW:
0.26
VOO:
0.68
RNW:
1.19
VOO:
2.58
RNW:
12.30%
VOO:
4.93%
RNW:
39.49%
VOO:
19.54%
RNW:
-64.92%
VOO:
-33.99%
RNW:
-43.39%
VOO:
-3.55%
Returns By Period
In the year-to-date period, RNW achieves a -0.29% return, which is significantly lower than VOO's 0.90% return.
RNW
-0.29%
6.91%
12.94%
13.69%
-0.91%
N/A
N/A
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
RNW vs. VOO — Risk-Adjusted Performance Rank
RNW
VOO
RNW vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ReNew Energy Global plc (RNW) 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.
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Dividends
RNW vs. VOO - Dividend Comparison
RNW has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNW ReNew Energy Global plc | 0.00% | 0.00% | 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 | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
RNW vs. VOO - Drawdown Comparison
The maximum RNW drawdown since its inception was -64.92%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RNW and VOO.
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Volatility
RNW vs. VOO - Volatility Comparison
ReNew Energy Global plc (RNW) has a higher volatility of 5.99% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that RNW'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.
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