SPYX vs. VSMVX
SPYX (State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF) and VSMVX (Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares) are both funds - SPYX is a S&P 500 fund tracking the S&P 500 Fossil Fuel Reserves Free Index, while VSMVX is a Small Cap Value Equities fund managed by Vanguard. Over the past 10 years, SPYX returned 15.14%/yr vs 10.18%/yr for VSMVX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. SPYX charges 0.20%/yr vs 0.08%/yr for VSMVX.
Performance
SPYX vs. VSMVX - Performance Comparison
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Returns By Period
In the year-to-date period, SPYX achieves a 9.59% return, which is significantly lower than VSMVX's 20.21% return. Over the past 10 years, SPYX has outperformed VSMVX with an annualized return of 15.14%, while VSMVX has yielded a comparatively lower 10.18% annualized return.
SPYX
- 1D
- 0.71%
- 1M
- 0.25%
- 6M
- 8.41%
- YTD
- 9.59%
- 1Y
- 20.93%
- 3Y*
- 19.36%
- 5Y*
- 12.38%
- 10Y*
- 15.14%
- ALL TIME*
- 14.58%
VSMVX
- 1D
- 0.00%
- 1M
- 0.29%
- 6M
- 12.92%
- YTD
- 20.21%
- 1Y
- 39.48%
- 3Y*
- 12.36%
- 5Y*
- 8.02%
- 10Y*
- 10.18%
- ALL TIME*
- 11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.48M | $4.14M | $6.01M | |
| $0.00 | $0.00 | $0.00 |
SPYX vs. VSMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 9.59% | 17.87% | 25.46% | 26.38% | -19.59% | 28.06% | 19.87% | 31.62% | -4.26% | 23.25% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 20.21% | 6.38% | 7.53% | 14.85% | -11.12% | 30.85% | 2.79% | 24.47% | -12.67% | 11.64% |
Correlation
The correlation between SPYX and VSMVX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2015 | 0.71 |
The correlation between SPYX and VSMVX has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
SPYX vs. VSMVX — Risk / Return Rank
SPYX
VSMVX
SPYX vs. VSMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYX | VSMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.84 | -1.90 |
| Martin ratioReturn relative to average drawdown | 8.39 | 13.25 | -4.87 |
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Drawdowns
SPYX vs. VSMVX - Drawdown Comparison
The maximum SPYX drawdown since its inception was -32.84%, smaller than the maximum VSMVX drawdown of -47.61%. Use the drawdown chart below to compare losses from any high point for SPYX and VSMVX.
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Drawdown Indicators
| SPYX | VSMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -47.61% | +14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -9.33% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -18.74% | -28.81% | +10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -28.81% | +2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | -47.61% | +14.77% |
Current DrawdownCurrent decline from peak | -1.18% | -1.61% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -7.56% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.70% | -0.42% |
Volatility
SPYX vs. VSMVX - Volatility Comparison
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) have volatilities of 3.52% and 3.51%, 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.
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Volatility by Period
| SPYX | VSMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.51% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 11.21% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 17.83% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 21.76% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 24.07% | -6.06% |
SPYX vs. VSMVX - Expense Ratio Comparison
SPYX has a 0.20% expense ratio, which is higher than VSMVX's 0.08% 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%.
Dividends
SPYX vs. VSMVX - Dividend Comparison
SPYX's dividend yield for the trailing twelve months is around 0.86%, less than VSMVX's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 0.86% | 0.91% | 1.05% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.16% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 1.74% | 1.45% | 1.85% | 1.92% | 1.88% | 1.66% | 1.46% | 1.65% | 1.89% | 1.55% | 1.26% | 1.42% |
Frequently Asked Questions
SPYX and VSMVX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYX has higher volatility (3.52%) compared to VSMVX (3.51%). In terms of maximum drawdown, SPYX dropped -32.84% vs VSMVX's -47.61%.
VSMVX currently has the higher Sharpe Ratio (2.01 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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