VITNX vs. SPY
Compare and contrast key facts about Vanguard Institutional Total Stock Market Index Fund Institutional Shares (VITNX) and SPDR S&P 500 ETF (SPY).
VITNX is managed by Vanguard. It was launched on Aug 31, 2001. 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: VITNX or SPY.
Key characteristics
| VITNX | SPY | |
|---|---|---|
| YTD Return | 17.67% | 18.37% |
| 1Y Return | 25.82% | 26.96% |
| 3Y Return (Ann) | 8.25% | 9.40% |
| 5Y Return (Ann) | 14.39% | 15.01% |
| 10Y Return (Ann) | 12.34% | 12.90% |
| Sharpe Ratio | 2.05 | 2.14 |
| Daily Std Dev | 13.14% | 12.67% |
| Max Drawdown | -55.32% | -55.19% |
| Current Drawdown | -0.67% | -1.02% |
Correlation
The correlation between VITNX and SPY is 0.97, 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
VITNX vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with VITNX having a 17.67% return and SPY slightly higher at 18.37%. Both investments have delivered pretty close results over the past 10 years, with VITNX having a 12.34% annualized return and SPY not far ahead at 12.90%. 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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VITNX vs. SPY - Expense Ratio Comparison
VITNX has a 0.03% 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
VITNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Total Stock Market Index Fund Institutional Shares (VITNX) 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
VITNX vs. SPY - Dividend Comparison
VITNX's dividend yield for the trailing twelve months is around 2.17%, more than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITNX Vanguard Institutional Total Stock Market Index Fund Institutional Shares | 2.17% | 2.41% | 6.48% | 5.37% | 11.56% | 2.90% | 4.38% | 2.39% | 2.78% | 2.28% | 1.78% | 1.72% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VITNX vs. SPY - Drawdown Comparison
The maximum VITNX drawdown since its inception was -55.32%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VITNX and SPY. For additional features, visit the drawdowns tool.
Volatility
VITNX vs. SPY - Volatility Comparison
Vanguard Institutional Total Stock Market Index Fund Institutional Shares (VITNX) has a higher volatility of 4.48% compared to SPDR S&P 500 ETF (SPY) at 4.24%. This indicates that VITNX'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.