VHIAX vs. SPY
Compare and contrast key facts about JPMorgan Growth Advantage Fund (VHIAX) and SPDR S&P 500 ETF (SPY).
VHIAX is managed by JPMorgan Chase. It was launched on Oct 29, 1999. 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: VHIAX or SPY.
Performance
VHIAX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VHIAX achieves a 30.12% return, which is significantly higher than SPY's 25.41% return. Over the past 10 years, VHIAX has underperformed SPY with an annualized return of 10.38%, while SPY has yielded a comparatively higher 13.07% annualized return.
VHIAX
30.12%
2.39%
13.11%
36.17%
11.74%
10.38%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
VHIAX | SPY | |
---|---|---|
Sharpe Ratio | 2.06 | 2.62 |
Sortino Ratio | 2.73 | 3.50 |
Omega Ratio | 1.38 | 1.49 |
Calmar Ratio | 1.57 | 3.78 |
Martin Ratio | 10.63 | 17.00 |
Ulcer Index | 3.35% | 1.87% |
Daily Std Dev | 17.34% | 12.14% |
Max Drawdown | -53.94% | -55.19% |
Current Drawdown | -1.63% | -1.38% |
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VHIAX vs. SPY - Expense Ratio Comparison
VHIAX has a 1.04% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between VHIAX and SPY is 0.90, 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
VHIAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Growth Advantage Fund (VHIAX) 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
VHIAX vs. SPY - Dividend Comparison
VHIAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMorgan Growth Advantage Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VHIAX vs. SPY - Drawdown Comparison
The maximum VHIAX drawdown since its inception was -53.94%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VHIAX and SPY. For additional features, visit the drawdowns tool.
Volatility
VHIAX vs. SPY - Volatility Comparison
JPMorgan Growth Advantage Fund (VHIAX) has a higher volatility of 5.64% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that VHIAX'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.