^SP600 vs. VOO
Compare and contrast key facts about S&P 600 (^SP600) 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: ^SP600 or VOO.
Key characteristics
^SP600 | VOO | |
---|---|---|
YTD Return | 6.22% | 19.30% |
1Y Return | 18.70% | 28.36% |
3Y Return (Ann) | 1.70% | 10.06% |
5Y Return (Ann) | 7.75% | 15.26% |
10Y Return (Ann) | 7.86% | 12.92% |
Sharpe Ratio | 0.89 | 2.26 |
Daily Std Dev | 20.30% | 12.63% |
Max Drawdown | -59.17% | -33.99% |
Current Drawdown | -4.49% | -0.28% |
Correlation
The correlation between ^SP600 and VOO is 0.82, 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
^SP600 vs. VOO - Performance Comparison
In the year-to-date period, ^SP600 achieves a 6.22% return, which is significantly lower than VOO's 19.30% return. Over the past 10 years, ^SP600 has underperformed VOO with an annualized return of 7.86%, while VOO has yielded a comparatively higher 12.92% 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
^SP600 vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) 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
^SP600 vs. VOO - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^SP600 and VOO. For additional features, visit the drawdowns tool.
Volatility
^SP600 vs. VOO - Volatility Comparison
S&P 600 (^SP600) has a higher volatility of 5.99% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that ^SP600'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.