VISGX vs. SPY
Compare and contrast key facts about Vanguard Small Cap Growth Index Fund (VISGX) and State Street SPDR S&P 500 ETF (SPY).
VISGX is managed by Vanguard. It was launched on May 21, 1998. 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
VISGX vs. SPY - Performance Comparison
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VISGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VISGX Vanguard Small Cap Growth Index Fund | -3.94% | 8.18% | 14.80% | 22.91% | -28.50% | 5.58% | 35.11% | 32.60% | -5.81% | 21.78% |
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, VISGX achieves a -3.94% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, VISGX has underperformed SPY with an annualized return of 9.84%, while SPY has yielded a comparatively higher 13.98% annualized return.
VISGX
- 1D
- -1.75%
- 1M
- -9.44%
- YTD
- -3.94%
- 6M
- -2.52%
- 1Y
- 15.53%
- 3Y*
- 10.67%
- 5Y*
- 1.54%
- 10Y*
- 9.84%
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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VISGX vs. SPY - Expense Ratio Comparison
VISGX has a 0.19% 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
VISGX vs. SPY — Risk / Return Rank
VISGX
SPY
VISGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Growth Index Fund (VISGX) 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.
| VISGX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.93 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.45 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.53 | -0.66 |
Martin ratioReturn relative to average drawdown | 3.47 | 7.30 | -3.83 |
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
| VISGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.93 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.69 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.78 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.56 | -0.20 |
Correlation
The correlation between VISGX and SPY is 0.84, 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
VISGX vs. SPY - Dividend Comparison
VISGX's dividend yield for the trailing twelve months is around 0.42%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VISGX Vanguard Small Cap Growth Index Fund | 0.42% | 0.33% | 0.42% | 0.56% | 0.46% | 0.23% | 0.35% | 0.47% | 0.65% | 0.71% | 0.97% | 0.84% |
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
VISGX vs. SPY - Drawdown Comparison
The maximum VISGX drawdown since its inception was -58.74%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VISGX and SPY.
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Drawdown Indicators
| VISGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.74% | -55.19% | -3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -12.05% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -38.41% | -24.50% | -13.91% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -33.72% | -4.98% |
Current DrawdownCurrent decline from peak | -11.39% | -6.24% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -9.09% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.52% | +1.08% |
Volatility
VISGX vs. SPY - Volatility Comparison
Vanguard Small Cap Growth Index Fund (VISGX) has a higher volatility of 7.59% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that VISGX'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
| VISGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 5.31% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 9.47% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 19.05% | +5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 17.06% | +6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.88% | 17.92% | +4.96% |