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.
Correlation
The correlation between VIEIX and SPY is 0.87, 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
VIEIX vs. SPY - Performance Comparison
Key characteristics
VIEIX:
0.14
SPY:
0.51
VIEIX:
0.37
SPY:
0.86
VIEIX:
1.05
SPY:
1.13
VIEIX:
0.13
SPY:
0.55
VIEIX:
0.45
SPY:
2.26
VIEIX:
7.82%
SPY:
4.55%
VIEIX:
24.26%
SPY:
20.08%
VIEIX:
-58.03%
SPY:
-55.19%
VIEIX:
-17.34%
SPY:
-9.89%
Returns By Period
In the year-to-date period, VIEIX achieves a -10.16% return, which is significantly lower than SPY's -5.76% return. Over the past 10 years, VIEIX has underperformed SPY with an annualized return of 7.77%, while SPY has yielded a comparatively higher 12.04% annualized return.
VIEIX
-10.16%
-3.84%
-6.65%
3.40%
12.02%
7.77%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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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%.
Risk-Adjusted Performance
VIEIX vs. SPY — Risk-Adjusted Performance Rank
VIEIX
SPY
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 1.32%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 1.32% | 1.10% | 1.28% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% | 1.34% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VIEIX vs. SPY - Drawdown Comparison
The maximum VIEIX drawdown since its inception was -58.03%, 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) and SPDR S&P 500 ETF (SPY) have volatilities of 15.81% and 15.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.