^XSP vs. VIIIX
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XSP or VIIIX.
Key characteristics
| ^XSP | VIIIX | |
|---|---|---|
| YTD Return | 22.95% | 24.30% |
| 1Y Return | 37.09% | 39.06% |
| 3Y Return (Ann) | 9.10% | 10.79% |
| Sharpe Ratio | 2.89 | 3.05 |
| Sortino Ratio | 3.84 | 4.04 |
| Omega Ratio | 1.53 | 1.56 |
| Calmar Ratio | 2.54 | 3.26 |
| Martin Ratio | 18.73 | 20.08 |
| Ulcer Index | 1.92% | 1.89% |
| Daily Std Dev | 12.41% | 12.43% |
| Max Drawdown | -25.43% | -55.18% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ^XSP and VIIIX is 1.00, 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
^XSP vs. VIIIX - Performance Comparison
In the year-to-date period, ^XSP achieves a 22.95% return, which is significantly lower than VIIIX's 24.30% 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
^XSP vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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
^XSP vs. VIIIX - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for ^XSP and VIIIX. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. VIIIX - Volatility Comparison
S&P 500 Mini-SPX Options Index (^XSP) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) have volatilities of 2.57% and 2.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.