VFIAX vs. SPY
Compare and contrast key facts about Vanguard 500 Index Fund Admiral Shares (VFIAX) and SPDR S&P 500 ETF (SPY).
VFIAX is managed by Vanguard. It was launched on Nov 13, 2000. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFIAX or SPY.
Correlation
The correlation between VFIAX and SPY 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.
Performance
VFIAX vs. SPY - Performance Comparison
Key characteristics
VFIAX:
0.56
SPY:
0.54
VFIAX:
0.91
SPY:
0.89
VFIAX:
1.13
SPY:
1.13
VFIAX:
0.58
SPY:
0.58
VFIAX:
2.42
SPY:
2.39
VFIAX:
4.51%
SPY:
4.51%
VFIAX:
19.43%
SPY:
20.07%
VFIAX:
-55.20%
SPY:
-55.19%
VFIAX:
-10.52%
SPY:
-10.54%
Returns By Period
The year-to-date returns for both stocks are quite close, with VFIAX having a -6.38% return and SPY slightly lower at -6.44%. Both investments have delivered pretty close results over the past 10 years, with VFIAX having a 12.00% annualized return and SPY not far behind at 11.95%.
VFIAX
-6.38%
-4.97%
-4.98%
9.57%
15.87%
12.00%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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VFIAX vs. SPY - Expense Ratio Comparison
VFIAX 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%.
Risk-Adjusted Performance
VFIAX vs. SPY — Risk-Adjusted Performance Rank
VFIAX
SPY
VFIAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Admiral Shares (VFIAX) 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
VFIAX vs. SPY - Dividend Comparison
VFIAX's dividend yield for the trailing twelve months is around 1.38%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.38% | 1.24% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% | 1.85% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VFIAX vs. SPY - Drawdown Comparison
The maximum VFIAX drawdown since its inception was -55.20%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VFIAX and SPY. For additional features, visit the drawdowns tool.
Volatility
VFIAX vs. SPY - Volatility Comparison
The current volatility for Vanguard 500 Index Fund Admiral Shares (VFIAX) is 14.21%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that VFIAX 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.