Correlation
The correlation between ^XCMP 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.
^XCMP vs. VOO
Compare and contrast key facts about NASDAQ Composite Total Return Index (^XCMP) 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: ^XCMP or VOO.
Performance
^XCMP vs. VOO - Performance Comparison
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Key characteristics
^XCMP:
0.49
VOO:
0.60
^XCMP:
0.84
VOO:
0.88
^XCMP:
1.12
VOO:
1.13
^XCMP:
0.51
VOO:
0.56
^XCMP:
1.67
VOO:
2.13
^XCMP:
7.38%
VOO:
4.91%
^XCMP:
25.99%
VOO:
19.46%
^XCMP:
-35.83%
VOO:
-33.99%
^XCMP:
-6.84%
VOO:
-5.22%
Returns By Period
In the year-to-date period, ^XCMP achieves a -2.71% return, which is significantly lower than VOO's -0.85% return. Over the past 10 years, ^XCMP has outperformed VOO with an annualized return of 15.13%, while VOO has yielded a comparatively lower 12.64% annualized return.
^XCMP
-2.71%
9.24%
-1.06%
11.51%
19.43%
15.85%
15.13%
VOO
-0.85%
5.97%
-2.10%
10.85%
15.45%
16.18%
12.64%
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Risk-Adjusted Performance
^XCMP vs. VOO — Risk-Adjusted Performance Rank
^XCMP
VOO
^XCMP vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite Total Return Index (^XCMP) 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
^XCMP vs. VOO - Drawdown Comparison
The maximum ^XCMP drawdown since its inception was -35.83%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^XCMP and VOO.
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Volatility
^XCMP vs. VOO - Volatility Comparison
NASDAQ Composite Total Return Index (^XCMP) has a higher volatility of 5.56% compared to Vanguard S&P 500 ETF (VOO) at 4.44%. This indicates that ^XCMP'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.
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