^GSPC vs. VTV
^GSPC (S&P 500 Index) is an index, while VTV (Vanguard Value ETF) is Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Over the past 10 years, ^GSPC returned 13.53%/yr vs 12.64%/yr for VTV. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
^GSPC vs. VTV - Performance Comparison
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Returns By Period
In the year-to-date period, ^GSPC achieves a 8.02% return, which is significantly lower than VTV's 13.24% return. Over the past 10 years, ^GSPC has outperformed VTV with an annualized return of 13.53%, while VTV has yielded a comparatively lower 12.64% annualized return.
^GSPC
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
VTV
- 1D
- 1.67%
- 1M
- 3.15%
- YTD
- 13.24%
- 6M
- 12.56%
- 1Y
- 26.46%
- 3Y*
- 18.07%
- 5Y*
- 11.56%
- 10Y*
- 12.64%
^GSPC vs. VTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GSPC S&P 500 Index | 8.02% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
VTV Vanguard Value ETF | 13.24% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Correlation
The correlation between ^GSPC and VTV is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.91 |
Over the past year, the correlation between ^GSPC and VTV has dropped to 0.67 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
^GSPC vs. VTV — Risk / Return Rank
^GSPC
VTV
^GSPC vs. VTV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Index (^GSPC) and Vanguard Value ETF (VTV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^GSPC | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.46 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 4.18 | -1.67 |
| Martin ratioReturn relative to average drawdown | 11.31 | 15.75 | -4.44 |
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Drawdowns
^GSPC vs. VTV - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, roughly equal to the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for ^GSPC and VTV.
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Drawdown Indicators
| ^GSPC | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.78% | -59.27% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -6.35% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -14.52% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | -17.04% | -8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -36.78% | +2.86% |
Current DrawdownCurrent decline from peak | -2.83% | 0.00% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -7.86% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.68% | +0.34% |
Volatility
^GSPC vs. VTV - Volatility Comparison
S&P 500 Index (^GSPC) has a higher volatility of 4.44% compared to Vanguard Value ETF (VTV) at 3.25%. This indicates that ^GSPC's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^GSPC | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 3.25% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 7.88% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 10.34% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 13.92% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 16.68% | +1.41% |
Frequently Asked Questions
^GSPC and VTV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (4.44%) compared to VTV (3.25%). In terms of maximum drawdown, ^GSPC dropped -56.78% vs VTV's -59.27%.
VTV currently has the higher Sharpe Ratio (2.57 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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