Correlation
The correlation between ^GDAXI and VOO is 0.50, 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.
^GDAXI vs. VOO
Compare and contrast key facts about DAX Performance Index (^GDAXI) 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: ^GDAXI or VOO.
Performance
^GDAXI vs. VOO - Performance Comparison
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Key characteristics
^GDAXI:
1.65
VOO:
0.70
^GDAXI:
2.22
VOO:
1.05
^GDAXI:
1.30
VOO:
1.15
^GDAXI:
1.84
VOO:
0.69
^GDAXI:
8.81
VOO:
2.62
^GDAXI:
3.33%
VOO:
4.93%
^GDAXI:
17.86%
VOO:
19.55%
^GDAXI:
-72.68%
VOO:
-33.99%
^GDAXI:
-1.21%
VOO:
-3.45%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 20.21% return, which is significantly higher than VOO's 1.00% return. Over the past 10 years, ^GDAXI has underperformed VOO with an annualized return of 7.66%, while VOO has yielded a comparatively higher 12.81% annualized return.
^GDAXI
20.21%
6.72%
23.20%
29.56%
17.97%
15.61%
7.66%
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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Risk-Adjusted Performance
^GDAXI vs. VOO — Risk-Adjusted Performance Rank
^GDAXI
VOO
^GDAXI vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) 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
^GDAXI vs. VOO - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and VOO.
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Volatility
^GDAXI vs. VOO - Volatility Comparison
The current volatility for DAX Performance Index (^GDAXI) is 4.19%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that ^GDAXI 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.
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