VISVX vs. SPY
Compare and contrast key facts about Vanguard Small Cap Value Index Fund (VISVX) and SPDR S&P 500 ETF (SPY).
VISVX is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap Value Index. 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. Both VISVX and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VISVX or SPY.
Key characteristics
| VISVX | SPY | |
|---|---|---|
| YTD Return | 19.13% | 25.52% |
| 1Y Return | 37.22% | 37.10% |
| 3Y Return (Ann) | 6.64% | 9.68% |
| 5Y Return (Ann) | 11.74% | 15.68% |
| 10Y Return (Ann) | 9.44% | 13.27% |
| Sharpe Ratio | 2.12 | 3.06 |
| Sortino Ratio | 3.04 | 4.08 |
| Omega Ratio | 1.38 | 1.58 |
| Calmar Ratio | 2.77 | 4.46 |
| Martin Ratio | 12.43 | 20.21 |
| Ulcer Index | 2.93% | 1.86% |
| Daily Std Dev | 17.18% | 12.27% |
| Max Drawdown | -62.15% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VISVX 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
VISVX vs. SPY - Performance Comparison
In the year-to-date period, VISVX achieves a 19.13% return, which is significantly lower than SPY's 25.52% return. Over the past 10 years, VISVX has underperformed SPY with an annualized return of 9.44%, while SPY has yielded a comparatively higher 13.27% annualized 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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VISVX vs. SPY - Expense Ratio Comparison
VISVX 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%.
Risk-Adjusted Performance
VISVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Value Index Fund (VISVX) 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
VISVX vs. SPY - Dividend Comparison
VISVX's dividend yield for the trailing twelve months is around 1.78%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VISVX Vanguard Small Cap Value Index Fund | 1.78% | 2.00% | 1.91% | 1.64% | 1.58% | 1.95% | 2.20% | 1.68% | 1.66% | 1.85% | 1.62% | 1.71% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VISVX vs. SPY - Drawdown Comparison
The maximum VISVX drawdown since its inception was -62.15%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VISVX and SPY. For additional features, visit the drawdowns tool.
Volatility
VISVX vs. SPY - Volatility Comparison
Vanguard Small Cap Value Index Fund (VISVX) has a higher volatility of 5.73% compared to SPDR S&P 500 ETF (SPY) at 3.94%. This indicates that VISVX'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.