VHYAX vs. VOO
Compare and contrast key facts about Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and Vanguard S&P 500 ETF (VOO).
VHYAX is managed by Vanguard. It was launched on Feb 7, 2019. 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: VHYAX or VOO.
Key characteristics
| VHYAX | VOO | |
|---|---|---|
| YTD Return | 16.41% | 21.11% |
| 1Y Return | 26.38% | 32.98% |
| 3Y Return (Ann) | 8.18% | 8.44% |
| 5Y Return (Ann) | 10.34% | 15.04% |
| Sharpe Ratio | 2.64 | 2.84 |
| Sortino Ratio | 3.67 | 3.76 |
| Omega Ratio | 1.47 | 1.53 |
| Calmar Ratio | 3.69 | 4.05 |
| Martin Ratio | 16.60 | 18.51 |
| Ulcer Index | 1.65% | 1.85% |
| Daily Std Dev | 10.37% | 12.06% |
| Max Drawdown | -35.14% | -33.99% |
| Current Drawdown | -3.20% | -2.52% |
Correlation
The correlation between VHYAX and VOO is 0.83, 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
VHYAX vs. VOO - Performance Comparison
In the year-to-date period, VHYAX achieves a 16.41% return, which is significantly lower than VOO's 21.11% 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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VHYAX vs. VOO - Expense Ratio Comparison
VHYAX has a 0.08% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VHYAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) 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
VHYAX vs. VOO - Dividend Comparison
VHYAX's dividend yield for the trailing twelve months is around 2.83%, more than VOO's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.83% | 3.10% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VHYAX vs. VOO - Drawdown Comparison
The maximum VHYAX drawdown since its inception was -35.14%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VHYAX and VOO. For additional features, visit the drawdowns tool.
Volatility
VHYAX vs. VOO - Volatility Comparison
The current volatility for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) is 2.58%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.15%. This indicates that VHYAX 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.