VITPX vs. SPY
Compare and contrast key facts about Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) and SPDR S&P 500 ETF (SPY).
VITPX is managed by Vanguard. It was launched on May 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: VITPX or SPY.
Key characteristics
| VITPX | SPY | |
|---|---|---|
| YTD Return | 17.90% | 19.17% |
| 1Y Return | 27.56% | 28.27% |
| 3Y Return (Ann) | 8.35% | 9.99% |
| 5Y Return (Ann) | 14.47% | 15.18% |
| 10Y Return (Ann) | 12.34% | 12.84% |
| Sharpe Ratio | 1.99 | 2.11 |
| Daily Std Dev | 13.08% | 12.62% |
| Max Drawdown | -55.28% | -55.19% |
| Current Drawdown | -0.49% | -0.36% |
Correlation
The correlation between VITPX and SPY is 0.98, 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
VITPX vs. SPY - Performance Comparison
In the year-to-date period, VITPX achieves a 17.90% return, which is significantly lower than SPY's 19.17% return. Both investments have delivered pretty close results over the past 10 years, with VITPX having a 12.34% annualized return and SPY not far ahead at 12.84%. 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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VITPX vs. SPY - Expense Ratio Comparison
VITPX has a 0.02% 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
VITPX 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 Plus Shares (VITPX) 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
VITPX vs. SPY - Dividend Comparison
VITPX's dividend yield for the trailing twelve months is around 2.16%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares | 2.16% | 2.41% | 6.48% | 5.38% | 11.57% | 2.91% | 4.40% | 2.41% | 2.80% | 2.30% | 1.80% | 1.74% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VITPX vs. SPY - Drawdown Comparison
The maximum VITPX drawdown since its inception was -55.28%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VITPX and SPY. For additional features, visit the drawdowns tool.
Volatility
VITPX vs. SPY - Volatility Comparison
Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) has a higher volatility of 4.18% compared to SPDR S&P 500 ETF (SPY) at 3.94%. This indicates that VITPX'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.