VLT vs. VOO
Compare and contrast key facts about Invesco High Income Trust II (VLT) 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: VLT or VOO.
Key characteristics
| VLT | VOO | |
|---|---|---|
| YTD Return | 19.26% | 26.88% |
| 1Y Return | 28.17% | 37.59% |
| 3Y Return (Ann) | 1.40% | 10.23% |
| 5Y Return (Ann) | 5.26% | 15.93% |
| 10Y Return (Ann) | 5.93% | 13.41% |
| Sharpe Ratio | 3.19 | 3.06 |
| Sortino Ratio | 4.45 | 4.08 |
| Omega Ratio | 1.63 | 1.58 |
| Calmar Ratio | 1.46 | 4.43 |
| Martin Ratio | 25.58 | 20.25 |
| Ulcer Index | 1.09% | 1.85% |
| Daily Std Dev | 8.73% | 12.23% |
| Max Drawdown | -69.60% | -33.99% |
| Current Drawdown | -1.41% | -0.30% |
Correlation
The correlation between VLT and VOO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VLT vs. VOO - Performance Comparison
In the year-to-date period, VLT achieves a 19.26% return, which is significantly lower than VOO's 26.88% return. Over the past 10 years, VLT has underperformed VOO with an annualized return of 5.93%, while VOO has yielded a comparatively higher 13.41% 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
VLT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Income Trust II (VLT) 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
VLT vs. VOO - Dividend Comparison
VLT's dividend yield for the trailing twelve months is around 10.17%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLT Invesco High Income Trust II | 10.17% | 11.09% | 11.23% | 8.02% | 8.48% | 8.07% | 8.43% | 7.00% | 8.08% | 9.74% | 8.69% | 8.62% |
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
VLT vs. VOO - Drawdown Comparison
The maximum VLT drawdown since its inception was -69.60%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VLT and VOO. For additional features, visit the drawdowns tool.
Volatility
VLT vs. VOO - Volatility Comparison
The current volatility for Invesco High Income Trust II (VLT) is 1.93%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.89%. This indicates that VLT 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.