VINAX vs. SPY
Compare and contrast key facts about Vanguard Industrials Index Fund Admiral Shares (VINAX) and State Street SPDR S&P 500 ETF (SPY).
VINAX is managed by Vanguard. It was launched on May 8, 2006. 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.
Performance
VINAX vs. SPY - Performance Comparison
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VINAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VINAX Vanguard Industrials Index Fund Admiral Shares | 1.45% | 18.53% | 16.95% | 22.38% | -8.51% | 20.66% | 12.25% | 30.16% | -13.93% | 21.50% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, VINAX achieves a 1.45% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, VINAX has underperformed SPY with an annualized return of 12.78%, while SPY has yielded a comparatively higher 13.98% annualized return.
VINAX
- 1D
- -1.73%
- 1M
- -11.42%
- YTD
- 1.45%
- 6M
- 2.48%
- 1Y
- 23.31%
- 3Y*
- 18.02%
- 5Y*
- 11.25%
- 10Y*
- 12.78%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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VINAX vs. SPY - Expense Ratio Comparison
VINAX has a 0.10% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VINAX vs. SPY — Risk / Return Rank
VINAX
SPY
VINAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Industrials Index Fund Admiral Shares (VINAX) and State Street 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.
| VINAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 0.93 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.45 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.53 | +0.16 |
Martin ratioReturn relative to average drawdown | 6.77 | 7.30 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VINAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 0.93 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.69 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Correlation
The correlation between VINAX 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.
Dividends
VINAX vs. SPY - Dividend Comparison
VINAX's dividend yield for the trailing twelve months is around 1.01%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VINAX Vanguard Industrials Index Fund Admiral Shares | 1.01% | 1.01% | 1.23% | 1.36% | 1.51% | 1.06% | 1.39% | 1.68% | 1.90% | 1.60% | 1.82% | 1.94% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
VINAX vs. SPY - Drawdown Comparison
The maximum VINAX drawdown since its inception was -63.43%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VINAX and SPY.
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Drawdown Indicators
| VINAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.43% | -55.19% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -12.05% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -23.07% | -24.50% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -42.45% | -33.72% | -8.73% |
Current DrawdownCurrent decline from peak | -12.25% | -6.24% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -9.09% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.52% | +0.62% |
Volatility
VINAX vs. SPY - Volatility Comparison
Vanguard Industrials Index Fund Admiral Shares (VINAX) has a higher volatility of 5.99% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that VINAX'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.
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Volatility by Period
| VINAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 5.31% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.19% | 9.47% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.25% | 19.05% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 17.06% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 17.92% | +2.41% |