TPL vs. VOO
Compare and contrast key facts about Texas Pacific Land Corporation (TPL) 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: TPL or VOO.
Key characteristics
TPL | VOO | |
---|---|---|
YTD Return | 104.77% | 23.75% |
1Y Return | 66.45% | 35.49% |
3Y Return (Ann) | 39.57% | 11.02% |
5Y Return (Ann) | 42.59% | 16.24% |
10Y Return (Ann) | 36.10% | 14.04% |
Sharpe Ratio | 1.67 | 2.85 |
Sortino Ratio | 2.63 | 3.80 |
Omega Ratio | 1.35 | 1.52 |
Calmar Ratio | 1.46 | 3.05 |
Martin Ratio | 4.96 | 17.77 |
Ulcer Index | 13.89% | 2.00% |
Daily Std Dev | 41.17% | 12.45% |
Max Drawdown | -73.06% | -33.99% |
Current Drawdown | -1.71% | -0.34% |
Correlation
The correlation between TPL and VOO is 0.30, 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.
Performance
TPL vs. VOO - Performance Comparison
In the year-to-date period, TPL achieves a 104.77% return, which is significantly higher than VOO's 23.75% return. Over the past 10 years, TPL has outperformed VOO with an annualized return of 36.10%, while VOO has yielded a comparatively lower 14.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
TPL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) 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
TPL vs. VOO - Dividend Comparison
TPL's dividend yield for the trailing twelve months is around 1.61%, more than VOO's 1.26% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Texas Pacific Land Corporation | 1.61% | 0.83% | 1.37% | 0.88% | 3.58% | 0.77% | 0.75% | 0.30% | 0.10% | 0.21% | 0.22% | 0.81% |
Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
TPL vs. VOO - Drawdown Comparison
The maximum TPL drawdown since its inception was -73.06%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TPL and VOO. For additional features, visit the drawdowns tool.
Volatility
TPL vs. VOO - Volatility Comparison
Texas Pacific Land Corporation (TPL) has a higher volatility of 11.65% compared to Vanguard S&P 500 ETF (VOO) at 3.04%. This indicates that TPL'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.