DSPIX vs. VSTSX
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX).
DSPIX is managed by BNY Mellon. It was launched on Sep 30, 1993. VSTSX is managed by Vanguard. It was launched on Jun 27, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DSPIX or VSTSX.
Key characteristics
| DSPIX | VSTSX | |
|---|---|---|
| YTD Return | 18.99% | 17.66% |
| 1Y Return | 28.38% | 25.82% |
| 3Y Return (Ann) | 9.86% | 8.24% |
| 5Y Return (Ann) | 15.07% | 14.40% |
| Sharpe Ratio | 2.22 | 2.05 |
| Daily Std Dev | 12.59% | 13.13% |
| Max Drawdown | -55.32% | -52.42% |
| Current Drawdown | -0.50% | -0.68% |
Correlation
The correlation between DSPIX and VSTSX is 0.99, 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
DSPIX vs. VSTSX - Performance Comparison
In the year-to-date period, DSPIX achieves a 18.99% return, which is significantly higher than VSTSX's 17.66% 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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DSPIX vs. VSTSX - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is higher than VSTSX's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DSPIX vs. VSTSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX). 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.
Dividends
DSPIX vs. VSTSX - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 23.18%, more than VSTSX's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 23.18% | 27.46% | 18.33% | 12.91% | 4.64% | 5.01% | 6.33% | 2.53% | 2.91% | 2.63% | 1.70% | 1.71% |
VSTSX Vanguard Total Stock Market Index Fund Institutional Select Shares | 1.32% | 1.44% | 1.67% | 1.23% | 1.44% | 1.79% | 2.07% | 1.74% | 1.11% | 0.00% | 0.00% | 0.00% |
Drawdowns
DSPIX vs. VSTSX - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, which is greater than VSTSX's maximum drawdown of -52.42%. Use the drawdown chart below to compare losses from any high point for DSPIX and VSTSX. For additional features, visit the drawdowns tool.
Volatility
DSPIX vs. VSTSX - Volatility Comparison
BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX) have volatilities of 4.38% and 4.47%, 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.