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 0.91, 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.
Performance
VIVIX vs. SPY - Performance Comparison
Key characteristics
VIVIX:
1.77
SPY:
2.21
VIVIX:
2.50
SPY:
2.93
VIVIX:
1.32
SPY:
1.41
VIVIX:
2.48
SPY:
3.26
VIVIX:
9.73
SPY:
14.43
VIVIX:
1.88%
SPY:
1.90%
VIVIX:
10.37%
SPY:
12.41%
VIVIX:
-59.30%
SPY:
-55.19%
VIVIX:
-6.29%
SPY:
-2.74%
Returns By Period
In the year-to-date period, VIVIX achieves a 16.02% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, VIVIX has underperformed SPY with an annualized return of 9.89%, while SPY has yielded a comparatively higher 12.97% annualized return.
VIVIX
16.02%
-4.72%
6.39%
16.74%
9.98%
9.89%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 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 1.73%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVIX Vanguard Value Index Fund Institutional Shares | 1.73% | 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 | 0.86% | 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
Vanguard Value Index Fund Institutional Shares (VIVIX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.61% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.