VOHIX vs. VOO
Compare and contrast key facts about Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) and Vanguard S&P 500 ETF (VOO).
VOHIX is managed by Vanguard. It was launched on Jun 18, 1990. 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: VOHIX or VOO.
Correlation
The correlation between VOHIX and VOO is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VOHIX vs. VOO - Performance Comparison
Key characteristics
VOHIX:
0.52
VOO:
2.22
VOHIX:
0.73
VOO:
2.95
VOHIX:
1.11
VOO:
1.42
VOHIX:
0.28
VOO:
3.27
VOHIX:
1.92
VOO:
14.57
VOHIX:
1.12%
VOO:
1.90%
VOHIX:
4.11%
VOO:
12.47%
VOHIX:
-17.45%
VOO:
-33.99%
VOHIX:
-4.23%
VOO:
-1.77%
Returns By Period
In the year-to-date period, VOHIX achieves a 1.53% return, which is significantly lower than VOO's 26.92% return. Over the past 10 years, VOHIX has underperformed VOO with an annualized return of 2.28%, while VOO has yielded a comparatively higher 13.12% annualized return.
VOHIX
1.53%
-1.00%
1.09%
2.06%
0.74%
2.28%
VOO
26.92%
0.27%
10.43%
27.36%
14.95%
13.12%
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VOHIX vs. VOO - Expense Ratio Comparison
VOHIX has a 0.13% 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
VOHIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) 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
VOHIX vs. VOO - Dividend Comparison
VOHIX's dividend yield for the trailing twelve months is around 3.34%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOHIX Vanguard Ohio Long-Term Tax-Exempt Fund | 3.34% | 3.06% | 2.74% | 2.42% | 2.66% | 3.00% | 3.28% | 3.19% | 3.30% | 3.38% | 3.51% | 3.85% |
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
VOHIX vs. VOO - Drawdown Comparison
The maximum VOHIX drawdown since its inception was -17.45%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VOHIX and VOO. For additional features, visit the drawdowns tool.
Volatility
VOHIX vs. VOO - Volatility Comparison
The current volatility for Vanguard Ohio Long-Term Tax-Exempt Fund (VOHIX) is 1.61%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.78%. This indicates that VOHIX 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.