VIEIX vs. SPY
Compare and contrast key facts about Vanguard Extended Market Index Fund Institutional Shares (VIEIX) and SPDR S&P 500 ETF (SPY).
VIEIX is managed by Vanguard. It was launched on Jul 7, 1997. 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: VIEIX or SPY.
Performance
VIEIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VIEIX achieves a 22.74% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, VIEIX has underperformed SPY with an annualized return of 10.05%, while SPY has yielded a comparatively higher 13.10% annualized return.
VIEIX
22.74%
8.23%
18.53%
38.06%
11.88%
10.05%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| VIEIX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.17 | 2.70 |
| Sortino Ratio | 2.96 | 3.60 |
| Omega Ratio | 1.37 | 1.50 |
| Calmar Ratio | 1.58 | 3.90 |
| Martin Ratio | 12.19 | 17.52 |
| Ulcer Index | 3.19% | 1.87% |
| Daily Std Dev | 17.95% | 12.14% |
| Max Drawdown | -58.04% | -55.19% |
| Current Drawdown | -0.64% | -0.85% |
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VIEIX vs. SPY - Expense Ratio Comparison
VIEIX has a 0.05% 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%.
Correlation
The correlation between VIEIX and SPY is 0.86, 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
VIEIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Institutional Shares (VIEIX) 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
VIEIX vs. SPY - Dividend Comparison
VIEIX's dividend yield for the trailing twelve months is around 1.10%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 1.10% | 1.28% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% | 1.34% | 1.15% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VIEIX vs. SPY - Drawdown Comparison
The maximum VIEIX drawdown since its inception was -58.04%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VIEIX and SPY. For additional features, visit the drawdowns tool.
Volatility
VIEIX vs. SPY - Volatility Comparison
Vanguard Extended Market Index Fund Institutional Shares (VIEIX) has a higher volatility of 6.21% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that VIEIX'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.