SPYX vs. VTIP
Compare and contrast key facts about SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
SPYX and VTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Fossil Fuel Free Index. It was launched on Nov 30, 2015. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both SPYX and VTIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYX or VTIP.
Key characteristics
| SPYX | VTIP | |
|---|---|---|
| YTD Return | 11.81% | 1.47% |
| 1Y Return | 28.39% | 4.49% |
| 3Y Return (Ann) | 9.75% | 2.00% |
| 5Y Return (Ann) | 14.93% | 3.27% |
| Sharpe Ratio | 2.53 | 1.74 |
| Daily Std Dev | 11.70% | 2.50% |
| Max Drawdown | -32.84% | -6.27% |
| Current Drawdown | -0.12% | 0.00% |
Correlation
The correlation between SPYX and VTIP is 0.11, 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.
Performance
SPYX vs. VTIP - Performance Comparison
In the year-to-date period, SPYX achieves a 11.81% return, which is significantly higher than VTIP's 1.47% return. 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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SPYX vs. VTIP - Expense Ratio Comparison
SPYX has a 0.20% expense ratio, which is higher than VTIP's 0.04% 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
SPYX vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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
SPYX vs. VTIP - Dividend Comparison
SPYX's dividend yield for the trailing twelve months is around 1.11%, less than VTIP's 3.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 1.11% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.03% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.30% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
SPYX vs. VTIP - Drawdown Comparison
The maximum SPYX drawdown since its inception was -32.84%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for SPYX and VTIP. For additional features, visit the drawdowns tool.
Volatility
SPYX vs. VTIP - Volatility Comparison
SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) has a higher volatility of 3.31% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that SPYX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.