VFINX vs. SPY
Compare and contrast key facts about Vanguard 500 Index Fund Investor Shares (VFINX) and SPDR S&P 500 ETF (SPY).
VFINX is managed by Vanguard. 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: VFINX or SPY.
Performance
VFINX vs. SPY - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VFINX at 24.40% and SPY at 24.40%. Both investments have delivered pretty close results over the past 10 years, with VFINX having a 13.06% annualized return and SPY not far behind at 13.04%.
VFINX
24.40%
0.57%
11.34%
31.85%
15.29%
13.06%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| VFINX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.62 | 2.64 |
| Sortino Ratio | 3.50 | 3.53 |
| Omega Ratio | 1.49 | 1.49 |
| Calmar Ratio | 3.79 | 3.81 |
| Martin Ratio | 17.09 | 17.21 |
| Ulcer Index | 1.88% | 1.86% |
| Daily Std Dev | 12.25% | 12.15% |
| Max Drawdown | -55.25% | -55.19% |
| Current Drawdown | -2.14% | -2.17% |
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VFINX vs. SPY - Expense Ratio Comparison
VFINX has a 0.14% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between VFINX and SPY is 0.98, 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.
Risk-Adjusted Performance
VFINX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Investor Shares (VFINX) 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
VFINX vs. SPY - Dividend Comparison
VFINX's dividend yield for the trailing twelve months is around 1.16%, less than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFINX Vanguard 500 Index Fund Investor Shares | 1.16% | 1.36% | 1.57% | 1.15% | 1.84% | 1.77% | 1.94% | 1.69% | 1.92% | 1.99% | 1.74% | 1.73% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VFINX vs. SPY - Drawdown Comparison
The maximum VFINX drawdown since its inception was -55.25%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VFINX and SPY. For additional features, visit the drawdowns tool.
Volatility
VFINX vs. SPY - Volatility Comparison
Vanguard 500 Index Fund Investor Shares (VFINX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.05% and 4.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.