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.
Key characteristics
| VHYAX | SPY | |
|---|---|---|
| YTD Return | 16.41% | 21.01% |
| 1Y Return | 26.38% | 32.86% |
| 3Y Return (Ann) | 8.18% | 8.37% |
| 5Y Return (Ann) | 10.34% | 14.97% |
| Sharpe Ratio | 2.64 | 2.83 |
| Sortino Ratio | 3.67 | 3.76 |
| Omega Ratio | 1.47 | 1.53 |
| Calmar Ratio | 3.69 | 4.05 |
| Martin Ratio | 16.60 | 18.38 |
| Ulcer Index | 1.65% | 1.85% |
| Daily Std Dev | 10.37% | 12.02% |
| Max Drawdown | -35.14% | -55.19% |
| Current Drawdown | -3.20% | -2.53% |
Correlation
The correlation between VHYAX and SPY is 0.83, 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
In the year-to-date period, VHYAX achieves a 16.41% return, which is significantly lower than SPY's 21.01% 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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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 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 2.83%, more than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.83% | 3.10% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 2.58%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. 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.