^SPXEW vs. VOO
Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) 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: ^SPXEW or VOO.
Correlation
The correlation between ^SPXEW and VOO is 0.93, 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
^SPXEW vs. VOO - Performance Comparison
Key characteristics
^SPXEW:
0.11
VOO:
0.36
^SPXEW:
0.28
VOO:
0.63
^SPXEW:
1.04
VOO:
1.09
^SPXEW:
0.10
VOO:
0.35
^SPXEW:
0.44
VOO:
1.66
^SPXEW:
4.27%
VOO:
4.00%
^SPXEW:
16.66%
VOO:
18.64%
^SPXEW:
-60.83%
VOO:
-33.99%
^SPXEW:
-12.60%
VOO:
-12.04%
Returns By Period
In the year-to-date period, ^SPXEW achieves a -6.58% return, which is significantly higher than VOO's -7.98% return. Over the past 10 years, ^SPXEW has underperformed VOO with an annualized return of 7.21%, while VOO has yielded a comparatively higher 11.99% annualized return.
^SPXEW
-6.58%
-4.90%
-9.29%
1.87%
12.78%
7.21%
VOO
-7.98%
-4.19%
-6.68%
8.00%
15.82%
11.99%
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Risk-Adjusted Performance
^SPXEW vs. VOO — Risk-Adjusted Performance Rank
^SPXEW
VOO
^SPXEW vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) 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
^SPXEW vs. VOO - Drawdown Comparison
The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and VOO. For additional features, visit the drawdowns tool.
Volatility
^SPXEW vs. VOO - Volatility Comparison
The current volatility for S&P 500 Equal Weighted Index (^SPXEW) is 12.20%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.25%. This indicates that ^SPXEW 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.