SHRT vs. VOO
Compare and contrast key facts about Gotham Short Strategies ETF (SHRT) and Vanguard S&P 500 ETF (VOO).
SHRT and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHRT is an actively managed fund by Gotham. It was launched on Jul 31, 2017. 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: SHRT or VOO.
Correlation
The correlation between SHRT and VOO is -0.54. 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
SHRT vs. VOO - Performance Comparison
Key characteristics
SHRT:
-0.53
VOO:
1.89
SHRT:
-0.67
VOO:
2.54
SHRT:
0.92
VOO:
1.35
SHRT:
-0.47
VOO:
2.83
SHRT:
-0.94
VOO:
11.83
SHRT:
6.13%
VOO:
2.02%
SHRT:
10.88%
VOO:
12.66%
SHRT:
-12.31%
VOO:
-33.99%
SHRT:
-11.73%
VOO:
-0.42%
Returns By Period
In the year-to-date period, SHRT achieves a -2.47% return, which is significantly lower than VOO's 4.17% return.
SHRT
-2.47%
-3.07%
-8.80%
-7.01%
N/A
N/A
VOO
4.17%
1.23%
10.51%
24.45%
14.68%
13.26%
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SHRT vs. VOO - Expense Ratio Comparison
SHRT has a 1.35% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SHRT vs. VOO — Risk-Adjusted Performance Rank
SHRT
VOO
SHRT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Short Strategies ETF (SHRT) 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
SHRT vs. VOO - Dividend Comparison
SHRT's dividend yield for the trailing twelve months is around 0.87%, less than VOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHRT Gotham Short Strategies ETF | 0.87% | 0.85% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
SHRT vs. VOO - Drawdown Comparison
The maximum SHRT drawdown since its inception was -12.31%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SHRT and VOO. For additional features, visit the drawdowns tool.
Volatility
SHRT vs. VOO - Volatility Comparison
Gotham Short Strategies ETF (SHRT) has a higher volatility of 3.44% compared to Vanguard S&P 500 ETF (VOO) at 2.94%. This indicates that SHRT'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.