Correlation
The correlation between SHBI and VOO is 0.33, 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.
SHBI vs. VOO
Compare and contrast key facts about Shore Bancshares, Inc. (SHBI) 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: SHBI or VOO.
Performance
SHBI vs. VOO - Performance Comparison
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Key characteristics
SHBI:
1.02
VOO:
0.74
SHBI:
1.69
VOO:
1.04
SHBI:
1.21
VOO:
1.15
SHBI:
0.66
VOO:
0.68
SHBI:
2.82
VOO:
2.58
SHBI:
12.06%
VOO:
4.93%
SHBI:
33.25%
VOO:
19.54%
SHBI:
-85.55%
VOO:
-33.99%
SHBI:
-30.97%
VOO:
-3.55%
Returns By Period
In the year-to-date period, SHBI achieves a -7.15% return, which is significantly lower than VOO's 0.90% return. Over the past 10 years, SHBI has underperformed VOO with an annualized return of 7.30%, while VOO has yielded a comparatively higher 12.81% annualized return.
SHBI
-7.15%
5.04%
-10.53%
32.34%
-7.35%
11.33%
7.30%
VOO
0.90%
5.53%
-1.46%
13.29%
14.31%
15.89%
12.81%
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Risk-Adjusted Performance
SHBI vs. VOO — Risk-Adjusted Performance Rank
SHBI
VOO
SHBI vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shore Bancshares, Inc. (SHBI) 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
SHBI vs. VOO - Dividend Comparison
SHBI's dividend yield for the trailing twelve months is around 3.31%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHBI Shore Bancshares, Inc. | 3.31% | 3.03% | 3.37% | 2.75% | 2.30% | 3.29% | 2.42% | 2.20% | 1.32% | 0.92% | 0.37% | 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
SHBI vs. VOO - Drawdown Comparison
The maximum SHBI drawdown since its inception was -85.55%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SHBI and VOO.
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Volatility
SHBI vs. VOO - Volatility Comparison
Shore Bancshares, Inc. (SHBI) has a higher volatility of 7.71% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that SHBI'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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