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

Key characteristics


VEXPXSPY
YTD Return16.78%27.04%
1Y Return38.37%39.75%
3Y Return (Ann)-5.95%10.21%
5Y Return (Ann)4.75%15.93%
10Y Return (Ann)2.36%13.36%
Sharpe Ratio2.143.15
Sortino Ratio3.024.19
Omega Ratio1.371.59
Calmar Ratio0.914.60
Martin Ratio12.6020.85
Ulcer Index2.88%1.85%
Daily Std Dev16.95%12.29%
Max Drawdown-61.17%-55.19%
Current Drawdown-16.78%0.00%

Correlation

-0.50.00.51.00.8

The correlation between VEXPX and SPY is 0.82, 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

VEXPX vs. SPY - Performance Comparison

In the year-to-date period, VEXPX achieves a 16.78% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, VEXPX has underperformed SPY with an annualized return of 2.36%, while SPY has yielded a comparatively higher 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
11.96%
15.57%
VEXPX
SPY

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VEXPX vs. SPY - Expense Ratio Comparison

VEXPX has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.


VEXPX
Vanguard Explorer Fund Investor Shares
Expense ratio chart for VEXPX: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
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%

Risk-Adjusted Performance

VEXPX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Explorer Fund Investor Shares (VEXPX) 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.


VEXPX
Sharpe ratio
The chart of Sharpe ratio for VEXPX, currently valued at 2.14, compared to the broader market0.002.004.002.14
Sortino ratio
The chart of Sortino ratio for VEXPX, currently valued at 3.02, compared to the broader market0.005.0010.003.02
Omega ratio
The chart of Omega ratio for VEXPX, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for VEXPX, currently valued at 0.91, compared to the broader market0.005.0010.0015.0020.0025.000.91
Martin ratio
The chart of Martin ratio for VEXPX, currently valued at 12.60, compared to the broader market0.0020.0040.0060.0080.00100.0012.60
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 3.15, compared to the broader market0.002.004.003.15
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 4.19, compared to the broader market0.005.0010.004.19
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.59, compared to the broader market1.002.003.004.001.59
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.60, compared to the broader market0.005.0010.0015.0020.0025.004.60
Martin ratio
The chart of Martin ratio for SPY, currently valued at 20.85, compared to the broader market0.0020.0040.0060.0080.00100.0020.85

VEXPX vs. SPY - Sharpe Ratio Comparison

The current VEXPX Sharpe Ratio is 2.14, which is lower than the SPY Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of VEXPX 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.14
3.15
VEXPX
SPY

Dividends

VEXPX vs. SPY - Dividend Comparison

VEXPX's dividend yield for the trailing twelve months is around 0.45%, less than SPY's 1.17% yield.


TTM20232022202120202019201820172016201520142013
VEXPX
Vanguard Explorer Fund Investor Shares
0.45%0.52%0.39%0.22%0.12%0.28%0.34%0.50%0.37%0.34%0.16%0.04%
SPY
SPDR S&P 500 ETF
1.17%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

VEXPX vs. SPY - Drawdown Comparison

The maximum VEXPX drawdown since its inception was -61.17%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEXPX and SPY. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-16.78%
0
VEXPX
SPY

Volatility

VEXPX vs. SPY - Volatility Comparison

Vanguard Explorer Fund Investor Shares (VEXPX) has a higher volatility of 5.21% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that VEXPX'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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.21%
3.95%
VEXPX
SPY