ROOF vs. VOO
Compare and contrast key facts about IQ US Real Estate Small Cap ETF (ROOF) and Vanguard S&P 500 ETF (VOO).
ROOF and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROOF is a passively managed fund by New York Life that tracks the performance of the IQ US Real Estate Small Cap Index. It was launched on Jun 14, 2011. 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 ROOF 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: ROOF or VOO.
Correlation
The correlation between ROOF and VOO is 0.62, 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
ROOF vs. VOO - Performance Comparison
Key characteristics
ROOF:
0.97
VOO:
2.04
ROOF:
1.43
VOO:
2.72
ROOF:
1.17
VOO:
1.38
ROOF:
0.49
VOO:
3.02
ROOF:
2.75
VOO:
13.60
ROOF:
5.13%
VOO:
1.88%
ROOF:
14.60%
VOO:
12.52%
ROOF:
-50.43%
VOO:
-33.99%
ROOF:
-17.46%
VOO:
-3.52%
Returns By Period
In the year-to-date period, ROOF achieves a 3.82% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, ROOF has underperformed VOO with an annualized return of 1.88%, while VOO has yielded a comparatively higher 13.02% annualized return.
ROOF
3.82%
0.19%
10.52%
5.23%
-0.56%
1.88%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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ROOF vs. VOO - Expense Ratio Comparison
ROOF has a 0.70% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ROOF vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ US Real Estate Small Cap ETF (ROOF) 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
ROOF vs. VOO - Dividend Comparison
ROOF's dividend yield for the trailing twelve months is around 2.15%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROOF IQ US Real Estate Small Cap ETF | 2.15% | 2.78% | 4.39% | 3.61% | 4.01% | 5.67% | 6.81% | 5.56% | 5.84% | 3.36% | 5.31% | 7.41% |
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
ROOF vs. VOO - Drawdown Comparison
The maximum ROOF drawdown since its inception was -50.43%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ROOF and VOO. For additional features, visit the drawdowns tool.
Volatility
ROOF vs. VOO - Volatility Comparison
The current volatility for IQ US Real Estate Small Cap ETF (ROOF) is 0.57%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.58%. This indicates that ROOF experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.