VHYAX vs. SPY
Compare and contrast key facts about Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and SPDR S&P 500 ETF (SPY).
VHYAX is managed by Vanguard. It was launched on Feb 7, 2019. 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: VHYAX or SPY.
Correlation
The correlation between VHYAX 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
VHYAX vs. SPY - Performance Comparison
Key characteristics
VHYAX:
0.52
SPY:
0.32
VHYAX:
0.78
SPY:
0.51
VHYAX:
1.10
SPY:
1.07
VHYAX:
0.86
SPY:
0.39
VHYAX:
2.74
SPY:
1.52
VHYAX:
2.36%
SPY:
3.13%
VHYAX:
12.38%
SPY:
14.74%
VHYAX:
-35.14%
SPY:
-55.19%
VHYAX:
-7.50%
SPY:
-12.17%
Returns By Period
In the year-to-date period, VHYAX achieves a -2.09% return, which is significantly higher than SPY's -8.15% return.
VHYAX
-2.09%
-3.92%
-1.40%
6.67%
16.03%
N/A
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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VHYAX vs. SPY - Expense Ratio Comparison
VHYAX has a 0.08% 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
VHYAX vs. SPY — Risk-Adjusted Performance Rank
VHYAX
SPY
VHYAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) 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
VHYAX vs. SPY - Dividend Comparison
VHYAX's dividend yield for the trailing twelve months is around 2.95%, more than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.95% | 2.72% | 3.10% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VHYAX vs. SPY - Drawdown Comparison
The maximum VHYAX drawdown since its inception was -35.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VHYAX and SPY. For additional features, visit the drawdowns tool.
Volatility
VHYAX vs. SPY - Volatility Comparison
The current volatility for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) is 5.80%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.47%. This indicates that VHYAX 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.