VFVA vs. SPY
Compare and contrast key facts about Vanguard U.S. Value Factor ETF (VFVA) and SPDR S&P 500 ETF (SPY).
VFVA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFVA is managed by Vanguard. It was launched on Feb 13, 2018. 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: VFVA or SPY.
Key characteristics
| VFVA | SPY | |
|---|---|---|
| YTD Return | 1.78% | 7.26% |
| 1Y Return | 23.05% | 25.03% |
| 3Y Return (Ann) | 7.84% | 8.37% |
| 5Y Return (Ann) | 11.07% | 13.44% |
| Sharpe Ratio | 1.45 | 2.35 |
| Daily Std Dev | 17.06% | 11.68% |
| Max Drawdown | -48.58% | -55.19% |
| Current Drawdown | -4.43% | -2.85% |
Correlation
The correlation between VFVA and SPY is 0.77, 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
VFVA vs. SPY - Performance Comparison
In the year-to-date period, VFVA achieves a 1.78% return, which is significantly lower than SPY's 7.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFVA vs. SPY - Expense Ratio Comparison
VFVA has a 0.13% 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%.
Risk-Adjusted Performance
VFVA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Value Factor ETF (VFVA) 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
VFVA vs. SPY - Dividend Comparison
VFVA's dividend yield for the trailing twelve months is around 2.39%, more than SPY's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFVA Vanguard U.S. Value Factor ETF | 2.39% | 2.45% | 2.21% | 1.68% | 2.04% | 2.08% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.32% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VFVA vs. SPY - Drawdown Comparison
The maximum VFVA drawdown since its inception was -48.58%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VFVA and SPY. For additional features, visit the drawdowns tool.
Volatility
VFVA vs. SPY - Volatility Comparison
Vanguard U.S. Value Factor ETF (VFVA) has a higher volatility of 4.04% compared to SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that VFVA'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.