^OEX vs. VOO
Compare and contrast key facts about S&P 100 Index (^OEX) 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: ^OEX or VOO.
Key characteristics
| ^OEX | VOO | |
|---|---|---|
| YTD Return | 12.93% | 11.83% |
| 1Y Return | 32.93% | 31.13% |
| 3Y Return (Ann) | 10.16% | 10.03% |
| 5Y Return (Ann) | 14.83% | 15.07% |
| 10Y Return (Ann) | 11.76% | 13.02% |
| Sharpe Ratio | 2.62 | 2.60 |
| Daily Std Dev | 12.42% | 11.62% |
| Max Drawdown | -61.31% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ^OEX and VOO 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
^OEX vs. VOO - Performance Comparison
In the year-to-date period, ^OEX achieves a 12.93% return, which is significantly higher than VOO's 11.83% return. Over the past 10 years, ^OEX has underperformed VOO with an annualized return of 11.76%, while VOO has yielded a comparatively higher 13.02% 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
^OEX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^OEX) 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.
Drawdowns
^OEX vs. VOO - Drawdown Comparison
The maximum ^OEX drawdown since its inception was -61.31%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^OEX and VOO. For additional features, visit the drawdowns tool.
Volatility
^OEX vs. VOO - Volatility Comparison
S&P 100 Index (^OEX) has a higher volatility of 3.92% compared to Vanguard S&P 500 ETF (VOO) at 3.49%. This indicates that ^OEX'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.