SAPEX vs. VOO
Compare and contrast key facts about Spectrum Active Advantage Fund (SAPEX) and Vanguard S&P 500 ETF (VOO).
SAPEX is managed by Advisors Preferred. It was launched on May 31, 2015. 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.
Performance
SAPEX vs. VOO - Performance Comparison
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SAPEX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAPEX Spectrum Active Advantage Fund | -5.79% | 15.25% | 5.25% | 12.11% | -38.08% | 17.15% | 13.72% | 27.65% | -4.44% | 15.05% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, SAPEX achieves a -5.79% return, which is significantly lower than VOO's -4.42% return. Over the past 10 years, SAPEX has underperformed VOO with an annualized return of 4.59%, while VOO has yielded a comparatively higher 14.05% annualized return.
SAPEX
- 1D
- -0.16%
- 1M
- -5.88%
- YTD
- -5.79%
- 6M
- -2.64%
- 1Y
- 10.17%
- 3Y*
- 8.47%
- 5Y*
- -1.99%
- 10Y*
- 4.59%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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SAPEX vs. VOO - Expense Ratio Comparison
SAPEX has a 1.69% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
SAPEX vs. VOO — Risk / Return Rank
SAPEX
VOO
SAPEX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Active Advantage Fund (SAPEX) 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.
| SAPEX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.98 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.50 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.53 | -0.30 |
Martin ratioReturn relative to average drawdown | 4.20 | 7.29 | -3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAPEX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.98 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.70 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.78 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.83 | -0.54 |
Correlation
The correlation between SAPEX and VOO is 0.86, 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.
Dividends
SAPEX vs. VOO - Dividend Comparison
SAPEX's dividend yield for the trailing twelve months is around 5.07%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAPEX Spectrum Active Advantage Fund | 5.07% | 4.77% | 2.23% | 0.88% | 0.00% | 33.33% | 1.43% | 0.74% | 3.09% | 4.26% | 0.17% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
SAPEX vs. VOO - Drawdown Comparison
The maximum SAPEX drawdown since its inception was -40.48%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SAPEX and VOO.
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Drawdown Indicators
| SAPEX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.48% | -33.99% | -6.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -11.98% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -40.48% | -24.52% | -15.96% |
Max Drawdown (10Y)Largest decline over 10 years | -40.48% | -33.99% | -6.49% |
Current DrawdownCurrent decline from peak | -22.31% | -6.29% | -16.02% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -3.72% | -10.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.52% | -0.27% |
Volatility
SAPEX vs. VOO - Volatility Comparison
The current volatility for Spectrum Active Advantage Fund (SAPEX) is 3.32%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that SAPEX 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.
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Volatility by Period
| SAPEX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 5.29% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 9.44% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 18.10% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 16.82% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 17.99% | -1.24% |