Correlation
The correlation between XEM-USD and VOO is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
XEM-USD vs. VOO
Compare and contrast key facts about NEM (XEM-USD) 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: XEM-USD or VOO.
Performance
XEM-USD vs. VOO - Performance Comparison
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Key characteristics
XEM-USD:
-0.70
VOO:
0.60
XEM-USD:
-0.41
VOO:
0.88
XEM-USD:
0.96
VOO:
1.13
XEM-USD:
0.06
VOO:
0.56
XEM-USD:
-1.33
VOO:
2.13
XEM-USD:
40.57%
VOO:
4.91%
XEM-USD:
86.24%
VOO:
19.46%
XEM-USD:
-99.45%
VOO:
-33.99%
XEM-USD:
-99.45%
VOO:
-5.22%
Returns By Period
In the year-to-date period, XEM-USD achieves a -57.53% return, which is significantly lower than VOO's -0.85% return. Over the past 10 years, XEM-USD has outperformed VOO with an annualized return of 49.32%, while VOO has yielded a comparatively lower 12.64% annualized return.
XEM-USD
-57.53%
-57.69%
-61.76%
-72.76%
-40.01%
-24.36%
49.32%
VOO
-0.85%
5.19%
-2.42%
10.85%
15.45%
16.18%
12.64%
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Risk-Adjusted Performance
XEM-USD vs. VOO — Risk-Adjusted Performance Rank
XEM-USD
VOO
XEM-USD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEM (XEM-USD) 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.
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Drawdowns
XEM-USD vs. VOO - Drawdown Comparison
The maximum XEM-USD drawdown since its inception was -99.45%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XEM-USD and VOO.
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Volatility
XEM-USD vs. VOO - Volatility Comparison
NEM (XEM-USD) has a higher volatility of 35.99% compared to Vanguard S&P 500 ETF (VOO) at 4.44%. This indicates that XEM-USD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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