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.
Performance
VIVIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VIVIX achieves a 21.77% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, VIVIX has underperformed SPY with an annualized return of 10.57%, while SPY has yielded a comparatively higher 13.10% annualized return.
VIVIX
21.77%
1.65%
12.78%
29.17%
11.76%
10.57%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| VIVIX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.90 | 2.70 |
| Sortino Ratio | 4.06 | 3.60 |
| Omega Ratio | 1.53 | 1.50 |
| Calmar Ratio | 5.78 | 3.90 |
| Martin Ratio | 18.48 | 17.52 |
| Ulcer Index | 1.61% | 1.87% |
| Daily Std Dev | 10.26% | 12.14% |
| Max Drawdown | -59.30% | -55.19% |
| Current Drawdown | -0.21% | -0.85% |
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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%.
Correlation
The correlation between VIVIX 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.
Risk-Adjusted Performance
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 2.22%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVIX Vanguard Value Index Fund Institutional Shares | 2.22% | 2.46% | 2.52% | 2.14% | 2.56% | 2.50% | 2.73% | 2.30% | 2.46% | 2.61% | 2.23% | 2.22% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 3.71%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. 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.