INIVX vs. SPY
Compare and contrast key facts about VanEck International Investors Gold Fund (INIVX) and State Street SPDR S&P 500 ETF (SPY).
INIVX is managed by VanEck. It was launched on Feb 9, 1956. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
INIVX vs. SPY - Performance Comparison
Loading graphics...
INIVX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INIVX VanEck International Investors Gold Fund | 9.59% | 165.88% | 14.37% | 9.67% | -13.77% | -14.23% | 40.91% | 38.15% | -16.01% | 13.06% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, INIVX achieves a 9.59% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, INIVX has outperformed SPY with an annualized return of 18.77%, while SPY has yielded a comparatively lower 14.06% annualized return.
INIVX
- 1D
- 7.01%
- 1M
- -19.57%
- YTD
- 9.59%
- 6M
- 29.50%
- 1Y
- 116.46%
- 3Y*
- 49.06%
- 5Y*
- 25.68%
- 10Y*
- 18.77%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
INIVX vs. SPY - Expense Ratio Comparison
INIVX has a 1.42% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
INIVX vs. SPY — Risk / Return Rank
INIVX
SPY
INIVX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck International Investors Gold Fund (INIVX) and State Street SPDR S&P 500 ETF (SPY). 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.
| INIVX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.56 | 0.96 | +1.61 |
Sortino ratioReturn per unit of downside risk | 2.71 | 1.49 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.97 | 1.53 | +2.44 |
Martin ratioReturn relative to average drawdown | 14.93 | 7.27 | +7.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| INIVX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 0.96 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.70 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.79 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.56 | -0.30 |
Correlation
The correlation between INIVX and SPY is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
INIVX vs. SPY - Dividend Comparison
INIVX's dividend yield for the trailing twelve months is around 5.49%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INIVX VanEck International Investors Gold Fund | 5.49% | 6.01% | 7.45% | 0.10% | 0.00% | 6.40% | 11.70% | 3.66% | 2.87% | 3.76% | 6.40% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
INIVX vs. SPY - Drawdown Comparison
The maximum INIVX drawdown since its inception was -78.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for INIVX and SPY.
Loading graphics...
Drawdown Indicators
| INIVX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.96% | -55.19% | -23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -29.60% | -12.05% | -17.55% |
Max Drawdown (5Y)Largest decline over 5 years | -45.06% | -24.50% | -20.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.20% | -33.72% | -17.48% |
Current DrawdownCurrent decline from peak | -19.57% | -5.53% | -14.04% |
Average DrawdownAverage peak-to-trough decline | -37.84% | -9.09% | -28.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 2.54% | +5.33% |
Volatility
INIVX vs. SPY - Volatility Comparison
VanEck International Investors Gold Fund (INIVX) has a higher volatility of 17.13% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that INIVX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| INIVX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.13% | 5.35% | +11.78% |
Volatility (6M)Calculated over the trailing 6-month period | 38.44% | 9.50% | +28.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.71% | 19.06% | +26.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 17.06% | +16.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.19% | 17.92% | +16.27% |