SVSPX vs. VIIIX
Compare and contrast key facts about State Street S&P 500 Index Fund Class N (SVSPX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Performance
SVSPX vs. VIIIX - Performance Comparison
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SVSPX vs. VIIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | -7.09% | 17.83% | 25.07% | 26.21% | -18.31% | 28.38% | 18.48% | 31.27% | -4.87% | 21.71% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | -7.06% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
Returns By Period
The year-to-date returns for both investments are quite close, with SVSPX having a -7.09% return and VIIIX slightly higher at -7.06%. Both investments have delivered pretty close results over the past 10 years, with SVSPX having a 13.59% annualized return and VIIIX not far ahead at 13.82%.
SVSPX
- 1D
- -2.06%
- 1M
- -8.10%
- YTD
- -7.09%
- 6M
- -4.55%
- 1Y
- 14.41%
- 3Y*
- 17.15%
- 5Y*
- 11.29%
- 10Y*
- 13.59%
VIIIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.06%
- 6M
- -4.59%
- 1Y
- 14.44%
- 3Y*
- 17.57%
- 5Y*
- 11.54%
- 10Y*
- 13.82%
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SVSPX vs. VIIIX - Expense Ratio Comparison
SVSPX has a 0.16% expense ratio, which is higher than VIIIX's 0.02% 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%.
Return for Risk
SVSPX vs. VIIIX — Risk / Return Rank
SVSPX
VIIIX
SVSPX vs. VIIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street S&P 500 Index Fund Class N (SVSPX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.
| SVSPX | VIIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.84 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.30 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.06 | -0.76 |
Martin ratioReturn relative to average drawdown | 1.15 | 5.14 | -3.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SVSPX | VIIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.84 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.77 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.46 | +0.09 |
Correlation
The correlation between SVSPX and VIIIX is 0.99, 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.
Dividends
SVSPX vs. VIIIX - Dividend Comparison
SVSPX's dividend yield for the trailing twelve months is around 8.93%, more than VIIIX's 2.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | 8.93% | 8.28% | 9.39% | 12.38% | 10.53% | 11.65% | 15.98% | 6.40% | 13.29% | 4.94% | 8.63% | 4.05% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.90% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
Drawdowns
SVSPX vs. VIIIX - Drawdown Comparison
The maximum SVSPX drawdown since its inception was -55.76%, roughly equal to the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for SVSPX and VIIIX.
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Drawdown Indicators
| SVSPX | VIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.76% | -55.18% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -12.12% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -24.50% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -33.79% | +0.10% |
Current DrawdownCurrent decline from peak | -8.93% | -8.90% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -10.07% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 2.49% | +2.50% |
Volatility
SVSPX vs. VIIIX - Volatility Comparison
The current volatility for State Street S&P 500 Index Fund Class N (SVSPX) is 3.96%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 4.24%. This indicates that SVSPX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVSPX | VIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.24% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 9.08% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.53% | 18.13% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 16.85% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 18.02% | +0.26% |