DSPIX vs. VTI
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Vanguard Total Stock Market ETF (VTI).
DSPIX is managed by BNY Mellon. It was launched on Sep 30, 1993. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DSPIX or VTI.
Key characteristics
| DSPIX | VTI | |
|---|---|---|
| YTD Return | 20.88% | 19.74% |
| 1Y Return | 31.83% | 31.01% |
| 3Y Return (Ann) | 11.03% | 9.49% |
| 5Y Return (Ann) | 15.53% | 14.91% |
| 10Y Return (Ann) | 13.01% | 12.58% |
| Sharpe Ratio | 2.43 | 2.28 |
| Daily Std Dev | 12.60% | 13.09% |
| Max Drawdown | -55.32% | -55.45% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between DSPIX and VTI is 0.98, 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. VTI - Performance Comparison
In the year-to-date period, DSPIX achieves a 20.88% return, which is significantly higher than VTI's 19.74% return. Both investments have delivered pretty close results over the past 10 years, with DSPIX having a 13.01% annualized return and VTI not far behind at 12.58%. 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. VTI - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is higher than VTI's 0.03% 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. VTI - 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 ETF (VTI). 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. VTI - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 22.82%, more than VTI's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 22.82% | 27.46% | 18.33% | 12.91% | 4.64% | 5.01% | 6.33% | 2.53% | 2.91% | 2.63% | 1.70% | 1.71% |
VTI Vanguard Total Stock Market ETF | 1.30% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
DSPIX vs. VTI - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for DSPIX and VTI. For additional features, visit the drawdowns tool.
Volatility
DSPIX vs. VTI - Volatility Comparison
BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.33% and 4.31%, 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.