NAESX vs. SPY
Compare and contrast key facts about Vanguard Small Cap Index Fund (NAESX) and SPDR S&P 500 ETF (SPY).
NAESX is managed by Vanguard. It was launched on Oct 3, 1960. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAESX or SPY.
Correlation
The correlation between NAESX and SPY is 0.83, 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
NAESX vs. SPY - Performance Comparison
Key characteristics
NAESX:
0.88
SPY:
2.21
NAESX:
1.30
SPY:
2.93
NAESX:
1.16
SPY:
1.41
NAESX:
1.27
SPY:
3.26
NAESX:
4.53
SPY:
14.40
NAESX:
3.30%
SPY:
1.90%
NAESX:
17.01%
SPY:
12.44%
NAESX:
-59.77%
SPY:
-55.19%
NAESX:
-7.40%
SPY:
-1.83%
Returns By Period
In the year-to-date period, NAESX achieves a 14.45% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, NAESX has underperformed SPY with an annualized return of 8.92%, while SPY has yielded a comparatively higher 13.04% annualized return.
NAESX
14.45%
-6.10%
11.03%
14.29%
9.21%
8.92%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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NAESX vs. SPY - Expense Ratio Comparison
NAESX has a 0.17% expense ratio, which is higher than SPY's 0.09% 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
NAESX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Index Fund (NAESX) and 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.
Dividends
NAESX vs. SPY - Dividend Comparison
NAESX's dividend yield for the trailing twelve months is around 0.84%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAESX Vanguard Small Cap Index Fund | 0.84% | 1.44% | 1.41% | 1.12% | 1.05% | 1.28% | 1.53% | 1.24% | 1.39% | 1.35% | 1.27% | 1.17% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NAESX vs. SPY - Drawdown Comparison
The maximum NAESX drawdown since its inception was -59.77%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NAESX and SPY. For additional features, visit the drawdowns tool.
Volatility
NAESX vs. SPY - Volatility Comparison
Vanguard Small Cap Index Fund (NAESX) has a higher volatility of 5.35% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that NAESX'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.