SPM.MI vs. VOO
Compare and contrast key facts about Saipem SpA (SPM.MI) 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.
Performance
SPM.MI vs. VOO - Performance Comparison
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Different Trading Currencies
SPM.MI is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPM.MI achieves a 65.98% return, which is significantly higher than VOO's -1.80% return. Over the past 10 years, SPM.MI has underperformed VOO with an annualized return of -6.14%, while VOO has yielded a comparatively higher 14.04% annualized return.
SPM.MI
- 1D
- 3.50%
- 1M
- 20.15%
- YTD
- 65.98%
- 6M
- 60.68%
- 1Y
- 124.89%
- 3Y*
- 44.50%
- 5Y*
- -5.84%
- 10Y*
- -6.14%
VOO
- 1D
- 0.57%
- 1M
- -3.20%
- YTD
- -1.80%
- 6M
- 0.35%
- 1Y
- 18.27%
- 3Y*
- 16.25%
- 5Y*
- 12.42%
- 10Y*
- 14.04%
SPM.MI vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPM.MI Saipem SpA | 65.98% | 4.55% | 70.68% | 30.38% | -75.67% | -16.27% | -49.16% | 33.41% | -14.21% | -28.87% |
VOO Vanguard S&P 500 ETF | -1.85% | 3.84% | 33.23% | 22.54% | -13.10% | 38.43% | 8.57% | 34.33% | -0.02% | 6.81% |
Correlation
The correlation between SPM.MI and VOO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.
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Return for Risk
SPM.MI vs. VOO — Risk / Return Rank
SPM.MI
VOO
SPM.MI vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saipem SpA (SPM.MI) 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.
| SPM.MI | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.14 | 0.51 | +2.63 |
Sortino ratioReturn per unit of downside risk | 3.36 | 0.83 | +2.53 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.13 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 6.45 | 0.74 | +5.71 |
Martin ratioReturn relative to average drawdown | 17.87 | 3.13 | +14.74 |
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
| SPM.MI | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 0.51 | +2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.75 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.76 | -0.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.85 | -0.85 |
Drawdowns
SPM.MI vs. VOO - Drawdown Comparison
The maximum SPM.MI drawdown since its inception was -99.52%, which is greater than VOO's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPM.MI and VOO.
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Drawdown Indicators
| SPM.MI | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.52% | -33.99% | -65.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -8.90% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -90.10% | -24.52% | -65.58% |
Max Drawdown (10Y)Largest decline over 10 years | -95.90% | -33.99% | -61.91% |
Current DrawdownCurrent decline from peak | -96.42% | -5.44% | -90.98% |
Average DrawdownAverage peak-to-trough decline | -44.15% | -3.72% | -40.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 2.57% | +3.28% |
Volatility
SPM.MI vs. VOO - Volatility Comparison
Saipem SpA (SPM.MI) has a higher volatility of 10.42% compared to Vanguard S&P 500 ETF (VOO) at 4.38%. This indicates that SPM.MI'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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Volatility by Period
| SPM.MI | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 4.38% | +6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.00% | 9.86% | +12.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.35% | 20.48% | +12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.66% | 16.71% | +52.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.03% | 18.56% | +39.47% |
Dividends
SPM.MI vs. VOO - Dividend Comparison
SPM.MI's dividend yield for the trailing twelve months is around 4.22%, more than VOO's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPM.MI Saipem SpA | 4.22% | 7.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |