VOX vs. XLC
Compare and contrast key facts about Vanguard Communication Services ETF (VOX) and Communication Services Select Sector SPDR Fund (XLC).
VOX and XLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOX is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. It was launched on Sep 23, 2004. XLC is a passively managed fund by State Street that tracks the performance of the S&P Communication Services Select Sector Index. It was launched on Jun 18, 2018. Both VOX and XLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOX or XLC.
Key characteristics
| VOX | XLC | |
|---|---|---|
| YTD Return | 32.51% | 34.90% |
| 1Y Return | 40.55% | 41.52% |
| 3Y Return (Ann) | 3.64% | 7.22% |
| 5Y Return (Ann) | 12.21% | 14.41% |
| Sharpe Ratio | 2.76 | 2.93 |
| Sortino Ratio | 3.61 | 3.87 |
| Omega Ratio | 1.49 | 1.52 |
| Calmar Ratio | 1.74 | 2.36 |
| Martin Ratio | 19.77 | 23.96 |
| Ulcer Index | 2.20% | 1.83% |
| Daily Std Dev | 15.76% | 14.94% |
| Max Drawdown | -57.18% | -46.66% |
| Current Drawdown | -0.50% | 0.00% |
Correlation
The correlation between VOX and XLC is 0.98, 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
VOX vs. XLC - Performance Comparison
In the year-to-date period, VOX achieves a 32.51% return, which is significantly lower than XLC's 34.90% 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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VOX vs. XLC - Expense Ratio Comparison
VOX has a 0.10% expense ratio, which is lower than XLC's 0.13% expense ratio. Despite the difference, 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
VOX vs. XLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) and Communication Services Select Sector SPDR Fund (XLC). 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
VOX vs. XLC - Dividend Comparison
VOX's dividend yield for the trailing twelve months is around 0.95%, more than XLC's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOX Vanguard Communication Services ETF | 0.95% | 1.03% | 0.88% | 0.93% | 0.74% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% | 2.66% | 3.88% |
XLC Communication Services Select Sector SPDR Fund | 0.91% | 0.82% | 1.11% | 0.74% | 0.68% | 0.81% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VOX vs. XLC - Drawdown Comparison
The maximum VOX drawdown since its inception was -57.18%, which is greater than XLC's maximum drawdown of -46.66%. Use the drawdown chart below to compare losses from any high point for VOX and XLC. For additional features, visit the drawdowns tool.
Volatility
VOX vs. XLC - Volatility Comparison
Vanguard Communication Services ETF (VOX) has a higher volatility of 4.01% compared to Communication Services Select Sector SPDR Fund (XLC) at 3.54%. This indicates that VOX's price experiences larger fluctuations and is considered to be riskier than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.