SHMMX vs. VOO
Compare and contrast key facts about Western Asset Managed Municipals Fund (SHMMX) and Vanguard S&P 500 ETF (VOO).
SHMMX is managed by Franklin Templeton Investments. It was launched on Mar 3, 1981. 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: SHMMX or VOO.
Correlation
The correlation between SHMMX and VOO is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SHMMX vs. VOO - Performance Comparison
Key characteristics
SHMMX:
0.54
VOO:
2.21
SHMMX:
0.76
VOO:
2.93
SHMMX:
1.11
VOO:
1.41
SHMMX:
0.33
VOO:
3.25
SHMMX:
2.26
VOO:
14.47
SHMMX:
0.82%
VOO:
1.90%
SHMMX:
3.46%
VOO:
12.43%
SHMMX:
-16.39%
VOO:
-33.99%
SHMMX:
-3.41%
VOO:
-2.87%
Returns By Period
In the year-to-date period, SHMMX achieves a 1.22% return, which is significantly lower than VOO's 25.49% return. Over the past 10 years, SHMMX has underperformed VOO with an annualized return of 2.07%, while VOO has yielded a comparatively higher 13.04% annualized return.
SHMMX
1.22%
-1.46%
0.02%
1.65%
0.92%
2.07%
VOO
25.49%
0.01%
8.65%
27.45%
14.70%
13.04%
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SHMMX vs. VOO - Expense Ratio Comparison
SHMMX has a 0.67% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SHMMX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Managed Municipals Fund (SHMMX) 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
SHMMX vs. VOO - Dividend Comparison
SHMMX's dividend yield for the trailing twelve months is around 3.10%, more than VOO's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHMMX Western Asset Managed Municipals Fund | 3.10% | 3.24% | 2.88% | 2.47% | 2.73% | 3.34% | 3.82% | 3.88% | 3.81% | 3.81% | 3.90% | 4.19% |
VOO Vanguard S&P 500 ETF | 0.91% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SHMMX vs. VOO - Drawdown Comparison
The maximum SHMMX drawdown since its inception was -16.39%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SHMMX and VOO. For additional features, visit the drawdowns tool.
Volatility
SHMMX vs. VOO - Volatility Comparison
The current volatility for Western Asset Managed Municipals Fund (SHMMX) is 1.23%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.64%. This indicates that SHMMX 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.