VEGN vs. SPY
Compare and contrast key facts about US Vegan Climate ETF (VEGN) and SPDR S&P 500 ETF (SPY).
VEGN and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEGN is a passively managed fund by Beyond Investing that tracks the performance of the US Vegan Climate Index. It was launched on Sep 9, 2019. 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. Both VEGN and SPY 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: VEGN or SPY.
Correlation
The correlation between VEGN and SPY is 0.95, 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.
Performance
VEGN vs. SPY - Performance Comparison
Key characteristics
VEGN:
1.36
SPY:
1.75
VEGN:
1.87
SPY:
2.36
VEGN:
1.24
SPY:
1.32
VEGN:
2.14
SPY:
2.66
VEGN:
7.79
SPY:
11.01
VEGN:
2.88%
SPY:
2.03%
VEGN:
16.58%
SPY:
12.77%
VEGN:
-34.14%
SPY:
-55.19%
VEGN:
-3.21%
SPY:
-2.12%
Returns By Period
In the year-to-date period, VEGN achieves a 0.85% return, which is significantly lower than SPY's 2.36% return.
VEGN
0.85%
-2.81%
8.78%
19.24%
14.20%
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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VEGN vs. SPY - Expense Ratio Comparison
VEGN has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VEGN vs. SPY — Risk-Adjusted Performance Rank
VEGN
SPY
VEGN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) 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
VEGN vs. SPY - Dividend Comparison
VEGN's dividend yield for the trailing twelve months is around 0.51%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEGN US Vegan Climate ETF | 0.51% | 0.51% | 0.67% | 0.81% | 0.41% | 0.71% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VEGN vs. SPY - Drawdown Comparison
The maximum VEGN drawdown since its inception was -34.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEGN and SPY. For additional features, visit the drawdowns tool.
Volatility
VEGN vs. SPY - Volatility Comparison
US Vegan Climate ETF (VEGN) has a higher volatility of 4.82% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that VEGN'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.