VIVIX vs. SPY
Compare and contrast key facts about Vanguard Value Index Fund Institutional Shares (VIVIX) and SPDR S&P 500 ETF (SPY).
VIVIX is managed by Vanguard. It was launched on Jul 2, 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIVIX or SPY.
Correlation
The correlation between VIVIX and SPY is 0.93, 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
VIVIX vs. SPY - Performance Comparison
Key characteristics
VIVIX:
0.43
SPY:
0.51
VIVIX:
0.70
SPY:
0.86
VIVIX:
1.10
SPY:
1.13
VIVIX:
0.46
SPY:
0.55
VIVIX:
1.79
SPY:
2.26
VIVIX:
3.67%
SPY:
4.55%
VIVIX:
15.42%
SPY:
20.08%
VIVIX:
-59.30%
SPY:
-55.19%
VIVIX:
-8.27%
SPY:
-9.89%
Returns By Period
In the year-to-date period, VIVIX achieves a -2.08% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, VIVIX has underperformed SPY with an annualized return of 9.60%, while SPY has yielded a comparatively higher 12.04% annualized return.
VIVIX
-2.08%
-4.67%
-3.99%
6.82%
13.72%
9.60%
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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VIVIX vs. SPY - Expense Ratio Comparison
VIVIX has a 0.04% 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
VIVIX vs. SPY — Risk-Adjusted Performance Rank
VIVIX
SPY
VIVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund Institutional Shares (VIVIX) 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
VIVIX vs. SPY - Dividend Comparison
VIVIX's dividend yield for the trailing twelve months is around 2.38%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVIX Vanguard Value Index Fund Institutional Shares | 2.38% | 2.31% | 2.46% | 2.52% | 2.14% | 2.56% | 2.50% | 2.73% | 2.30% | 2.46% | 2.61% | 2.23% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VIVIX vs. SPY - Drawdown Comparison
The maximum VIVIX drawdown since its inception was -59.30%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VIVIX and SPY. For additional features, visit the drawdowns tool.
Volatility
VIVIX vs. SPY - Volatility Comparison
The current volatility for Vanguard Value Index Fund Institutional Shares (VIVIX) is 11.17%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that VIVIX 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.