TSPA vs. VOO
Compare and contrast key facts about T. Rowe Price US Equity Research ETF (TSPA) and Vanguard S&P 500 ETF (VOO).
TSPA and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSPA is an actively managed fund by T. Rowe Price. It was launched on Jun 8, 2021. 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: TSPA or VOO.
Key characteristics
| TSPA | VOO | |
|---|---|---|
| YTD Return | 28.03% | 26.88% |
| 1Y Return | 38.84% | 37.59% |
| 3Y Return (Ann) | 11.29% | 10.23% |
| Sharpe Ratio | 3.13 | 3.06 |
| Sortino Ratio | 4.19 | 4.08 |
| Omega Ratio | 1.58 | 1.58 |
| Calmar Ratio | 4.36 | 4.43 |
| Martin Ratio | 19.90 | 20.25 |
| Ulcer Index | 1.95% | 1.85% |
| Daily Std Dev | 12.41% | 12.23% |
| Max Drawdown | -24.72% | -33.99% |
| Current Drawdown | -0.26% | -0.30% |
Correlation
The correlation between TSPA and VOO is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSPA vs. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with TSPA having a 28.03% return and VOO slightly lower at 26.88%. 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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TSPA vs. VOO - Expense Ratio Comparison
TSPA has a 0.34% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
TSPA vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price US Equity Research ETF (TSPA) 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
TSPA vs. VOO - Dividend Comparison
TSPA's dividend yield for the trailing twelve months is around 0.32%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSPA T. Rowe Price US Equity Research ETF | 0.32% | 0.41% | 1.16% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
TSPA vs. VOO - Drawdown Comparison
The maximum TSPA drawdown since its inception was -24.72%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TSPA and VOO. For additional features, visit the drawdowns tool.
Volatility
TSPA vs. VOO - Volatility Comparison
T. Rowe Price US Equity Research ETF (TSPA) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.93% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.