Correlation
The correlation between VMBIX and SPY is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
VMBIX vs. SPY
Compare and contrast key facts about Vanguard Mortgage-Backed Securities Index Fund Institutional Shares (VMBIX) and SPDR S&P 500 ETF (SPY).
VMBIX is managed by Vanguard. It was launched on Oct 31, 2013. 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: VMBIX or SPY.
Performance
VMBIX vs. SPY - Performance Comparison
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Key characteristics
VMBIX:
1.12
SPY:
0.70
VMBIX:
1.66
SPY:
1.02
VMBIX:
1.20
SPY:
1.15
VMBIX:
0.55
SPY:
0.68
VMBIX:
2.89
SPY:
2.57
VMBIX:
2.09%
SPY:
4.93%
VMBIX:
5.36%
SPY:
20.42%
VMBIX:
-17.47%
SPY:
-55.19%
VMBIX:
-5.26%
SPY:
-3.55%
Returns By Period
In the year-to-date period, VMBIX achieves a 2.15% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, VMBIX has underperformed SPY with an annualized return of 0.90%, while SPY has yielded a comparatively higher 12.73% annualized return.
VMBIX
2.15%
-0.84%
0.57%
5.59%
1.29%
-1.01%
0.90%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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VMBIX vs. SPY - Expense Ratio Comparison
VMBIX has a 0.05% 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
VMBIX vs. SPY — Risk-Adjusted Performance Rank
VMBIX
SPY
VMBIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mortgage-Backed Securities Index Fund Institutional Shares (VMBIX) 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.
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Dividends
VMBIX vs. SPY - Dividend Comparison
VMBIX's dividend yield for the trailing twelve months is around 3.81%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMBIX Vanguard Mortgage-Backed Securities Index Fund Institutional Shares | 3.81% | 3.95% | 3.30% | 2.33% | 1.01% | 2.01% | 2.77% | 2.74% | 2.18% | 2.12% | 2.04% | 1.91% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VMBIX vs. SPY - Drawdown Comparison
The maximum VMBIX drawdown since its inception was -17.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMBIX and SPY.
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Volatility
VMBIX vs. SPY - Volatility Comparison
The current volatility for Vanguard Mortgage-Backed Securities Index Fund Institutional Shares (VMBIX) is 1.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that VMBIX 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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