TOP vs. VGT
TOP (Zhong Yang Financial Group Limited Ordinary Shares) is a stock, while VGT (Vanguard Information Technology ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past year, TOP returned 130.33% vs 32.49% for VGT. At a 0.20 correlation, their price movements are largely independent.
Performance
TOP vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, TOP achieves a 179.60% return, which is significantly higher than VGT's 20.30% return.
TOP
- 1D
- 11.51%
- 1M
- 117.83%
- 6M
- 172.82%
- YTD
- 179.60%
- 1Y
- 130.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGT
- 1D
- -1.00%
- 1M
- -3.16%
- 6M
- 19.48%
- YTD
- 20.30%
- 1Y
- 32.49%
- 3Y*
- 26.05%
- 5Y*
- 18.38%
- 10Y*
- 24.33%
TOP vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TOP Zhong Yang Financial Group Limited Ordinary Shares | 179.60% | -34.31% | -21.13% |
VGT Vanguard Information Technology ETF | 20.30% | 21.77% | 2.57% |
Correlation
The correlation between TOP and VGT is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.20 |
The correlation between TOP and VGT shifts across timeframes, from 0.09 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TOP vs. VGT — Risk / Return Rank
TOP
VGT
TOP vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zhong Yang Financial Group Limited Ordinary Shares (TOP) and Vanguard Information Technology ETF (VGT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TOP | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.99 | -0.02 |
| Martin ratioReturn relative to average drawdown | 3.33 | 5.68 | -2.36 |
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Drawdowns
TOP vs. VGT - Drawdown Comparison
The maximum TOP drawdown since its inception was -67.95%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for TOP and VGT.
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Drawdown Indicators
| TOP | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.95% | -54.63% | -13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -16.40% | -49.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -9.97% | +9.97% |
Average DrawdownAverage peak-to-trough decline | -36.74% | -7.95% | -28.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 5.73% | +33.61% |
Volatility
TOP vs. VGT - Volatility Comparison
Zhong Yang Financial Group Limited Ordinary Shares (TOP) has a higher volatility of 32.92% compared to Vanguard Information Technology ETF (VGT) at 8.39%. This indicates that TOP's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOP | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.92% | 8.39% | +24.53% |
Volatility (6M)Calculated over the trailing 6-month period | 72.54% | 19.51% | +53.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.55% | 23.47% | +74.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.49% | 25.70% | +55.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.49% | 24.81% | +56.68% |
Dividends
TOP vs. VGT - Dividend Comparison
TOP has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOP Zhong Yang Financial Group Limited Ordinary Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.38% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
TOP and VGT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOP has higher volatility (32.92%) compared to VGT (8.39%). In terms of maximum drawdown, TOP dropped -67.95% vs VGT's -54.63%.
VGT currently has the higher Sharpe Ratio (1.39 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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