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.
Performance
NAESX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, NAESX achieves a 21.88% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, NAESX has underperformed SPY with an annualized return of 9.73%, while SPY has yielded a comparatively higher 13.14% annualized return.
NAESX
21.88%
8.85%
16.50%
35.87%
11.49%
9.73%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| NAESX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.69 |
| Sortino Ratio | 2.89 | 3.59 |
| Omega Ratio | 1.36 | 1.50 |
| Calmar Ratio | 2.07 | 3.88 |
| Martin Ratio | 11.47 | 17.47 |
| Ulcer Index | 3.13% | 1.87% |
| Daily Std Dev | 17.21% | 12.14% |
| Max Drawdown | -59.77% | -55.19% |
| Current Drawdown | 0.00% | -0.54% |
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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%.
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.
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 1.18%, which matches SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAESX Vanguard Small Cap Index Fund | 1.18% | 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 | 1.18% | 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 5.75% compared to SPDR S&P 500 ETF (SPY) at 3.98%. 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.