^VVIX vs. VOO
Compare and contrast key facts about CBOE VIX Volatility Index (^VVIX) 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: ^VVIX or VOO.
Key characteristics
| ^VVIX | VOO | |
|---|---|---|
| YTD Return | 29.83% | 23.23% |
| 1Y Return | 17.99% | 34.93% |
| 3Y Return (Ann) | 1.86% | 10.88% |
| 5Y Return (Ann) | 4.55% | 16.05% |
| 10Y Return (Ann) | -0.51% | 14.00% |
| Sharpe Ratio | 0.16 | 2.91 |
| Sortino Ratio | 1.05 | 3.88 |
| Omega Ratio | 1.12 | 1.53 |
| Calmar Ratio | 0.23 | 3.13 |
| Martin Ratio | 0.58 | 18.19 |
| Ulcer Index | 25.34% | 2.00% |
| Daily Std Dev | 94.23% | 12.48% |
| Max Drawdown | -78.10% | -33.99% |
| Current Drawdown | -45.61% | -0.76% |
Correlation
The correlation between ^VVIX and VOO is -0.65. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
^VVIX vs. VOO - Performance Comparison
In the year-to-date period, ^VVIX achieves a 29.83% return, which is significantly higher than VOO's 23.23% return. Over the past 10 years, ^VVIX has underperformed VOO with an annualized return of -0.51%, while VOO has yielded a comparatively higher 14.00% 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
^VVIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE VIX Volatility Index (^VVIX) 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
^VVIX vs. VOO - Drawdown Comparison
The maximum ^VVIX drawdown since its inception was -78.10%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^VVIX and VOO. For additional features, visit the drawdowns tool.
Volatility
^VVIX vs. VOO - Volatility Comparison
CBOE VIX Volatility Index (^VVIX) has a higher volatility of 26.20% compared to Vanguard S&P 500 ETF (VOO) at 3.03%. This indicates that ^VVIX'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.