TVAL vs. VOO
Compare and contrast key facts about T. Rowe Price Value ETF (TVAL) and Vanguard S&P 500 ETF (VOO).
TVAL and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TVAL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. 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: TVAL or VOO.
Key characteristics
| TVAL | VOO | |
|---|---|---|
| YTD Return | 20.76% | 27.15% |
| 1Y Return | 33.69% | 39.90% |
| Sharpe Ratio | 3.19 | 3.15 |
| Sortino Ratio | 4.49 | 4.19 |
| Omega Ratio | 1.58 | 1.59 |
| Calmar Ratio | 5.16 | 4.60 |
| Martin Ratio | 21.75 | 21.00 |
| Ulcer Index | 1.50% | 1.85% |
| Daily Std Dev | 10.26% | 12.34% |
| Max Drawdown | -9.81% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TVAL and VOO is 0.79, 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
TVAL vs. VOO - Performance Comparison
In the year-to-date period, TVAL achieves a 20.76% return, which is significantly lower than VOO's 27.15% 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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TVAL vs. VOO - Expense Ratio Comparison
TVAL has a 0.33% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
TVAL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Value ETF (TVAL) 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
TVAL vs. VOO - Dividend Comparison
TVAL's dividend yield for the trailing twelve months is around 0.53%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVAL T. Rowe Price Value ETF | 0.53% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
TVAL vs. VOO - Drawdown Comparison
The maximum TVAL drawdown since its inception was -9.81%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TVAL and VOO. For additional features, visit the drawdowns tool.
Volatility
TVAL vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Value ETF (TVAL) is 3.70%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. This indicates that TVAL experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.