VIVAX vs. SPY
Compare and contrast key facts about Vanguard Value Index Fund (VIVAX) and State Street SPDR S&P 500 ETF (SPY).
VIVAX is managed by Vanguard. It was launched on Nov 2, 1992. 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
VIVAX vs. SPY - Performance Comparison
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VIVAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 1.61% | 14.50% | 15.85% | 9.08% | -2.18% | 26.32% | 2.18% | 25.66% | -5.56% | 16.98% |
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, VIVAX achieves a 1.61% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, VIVAX has underperformed SPY with an annualized return of 11.42%, while SPY has yielded a comparatively higher 13.98% annualized return.
VIVAX
- 1D
- -0.17%
- 1M
- -6.37%
- YTD
- 1.61%
- 6M
- 4.57%
- 1Y
- 14.03%
- 3Y*
- 14.10%
- 5Y*
- 10.37%
- 10Y*
- 11.42%
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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VIVAX vs. SPY - Expense Ratio Comparison
VIVAX has a 0.17% 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
VIVAX vs. SPY — Risk / Return Rank
VIVAX
SPY
VIVAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund (VIVAX) 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.
| VIVAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.93 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.45 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.53 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.60 | 7.30 | -1.70 |
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
| VIVAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.93 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.69 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.78 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.56 | -0.02 |
Correlation
The correlation between VIVAX and SPY is 0.91, 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
VIVAX vs. SPY - Dividend Comparison
VIVAX's dividend yield for the trailing twelve months is around 1.93%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 1.93% | 1.42% | 2.19% | 2.33% | 2.39% | 2.02% | 2.43% | 2.39% | 2.59% | 2.18% | 2.33% | 2.46% |
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
VIVAX vs. SPY - Drawdown Comparison
The maximum VIVAX drawdown since its inception was -59.38%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VIVAX and SPY.
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Drawdown Indicators
| VIVAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -55.19% | -4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -12.05% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -24.50% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -33.72% | -3.09% |
Current DrawdownCurrent decline from peak | -6.37% | -6.24% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -9.09% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.52% | -0.03% |
Volatility
VIVAX vs. SPY - Volatility Comparison
The current volatility for Vanguard Value Index Fund (VIVAX) is 3.27%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that VIVAX experiences smaller price fluctuations and is considered to be less risky 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
| VIVAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 5.31% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 9.47% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 19.05% | -4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 17.06% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 17.92% | -1.18% |