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VBTIX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VBTIX and SPY is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.1

Performance

VBTIX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

500.00%1,000.00%1,500.00%JulyAugustSeptemberOctoberNovemberDecember
215.49%
1,589.85%
VBTIX
SPY

Key characteristics

Sharpe Ratio

VBTIX:

0.30

SPY:

2.21

Sortino Ratio

VBTIX:

0.46

SPY:

2.93

Omega Ratio

VBTIX:

1.05

SPY:

1.41

Calmar Ratio

VBTIX:

0.12

SPY:

3.26

Martin Ratio

VBTIX:

0.86

SPY:

14.43

Ulcer Index

VBTIX:

1.92%

SPY:

1.90%

Daily Std Dev

VBTIX:

5.48%

SPY:

12.41%

Max Drawdown

VBTIX:

-19.01%

SPY:

-55.19%

Current Drawdown

VBTIX:

-9.40%

SPY:

-2.74%

Returns By Period

In the year-to-date period, VBTIX achieves a 1.15% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, VBTIX has underperformed SPY with an annualized return of 1.35%, while SPY has yielded a comparatively higher 12.97% annualized return.


VBTIX

YTD

1.15%

1M

-0.22%

6M

1.43%

1Y

1.76%

5Y*

-0.33%

10Y*

1.35%

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VBTIX vs. SPY - Expense Ratio Comparison

VBTIX has a 0.04% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


SPY
SPDR S&P 500 ETF
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for VBTIX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

VBTIX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) 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.


Sharpe ratio
The chart of Sharpe ratio for VBTIX, currently valued at 0.30, compared to the broader market-1.000.001.002.003.004.000.302.21
The chart of Sortino ratio for VBTIX, currently valued at 0.46, compared to the broader market-2.000.002.004.006.008.0010.000.462.93
The chart of Omega ratio for VBTIX, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.003.501.051.41
The chart of Calmar ratio for VBTIX, currently valued at 0.12, compared to the broader market0.002.004.006.008.0010.0012.0014.000.123.26
The chart of Martin ratio for VBTIX, currently valued at 0.86, compared to the broader market0.0020.0040.0060.000.8614.43
VBTIX
SPY

The current VBTIX Sharpe Ratio is 0.30, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of VBTIX and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.30
2.21
VBTIX
SPY

Dividends

VBTIX vs. SPY - Dividend Comparison

VBTIX's dividend yield for the trailing twelve months is around 3.65%, more than SPY's 0.86% yield.


TTM20232022202120202019201820172016201520142013
VBTIX
Vanguard Total Bond Market Index Fund Institutional Shares
3.65%3.12%2.54%1.91%2.25%2.74%2.78%2.53%2.49%2.51%2.57%2.56%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

VBTIX vs. SPY - Drawdown Comparison

The maximum VBTIX drawdown since its inception was -19.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VBTIX and SPY. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-9.40%
-2.74%
VBTIX
SPY

Volatility

VBTIX vs. SPY - Volatility Comparison

The current volatility for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) is 1.67%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that VBTIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
1.67%
3.72%
VBTIX
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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