VMFVX vs. SPY
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) and SPDR S&P 500 ETF (SPY).
VMFVX is managed by Vanguard. It was launched on Nov 2, 2010. 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: VMFVX or SPY.
Correlation
The correlation between VMFVX and SPY is 0.84, 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
VMFVX vs. SPY - Performance Comparison
Key characteristics
VMFVX:
1.23
SPY:
1.97
VMFVX:
1.81
SPY:
2.64
VMFVX:
1.23
SPY:
1.36
VMFVX:
2.23
SPY:
2.97
VMFVX:
5.48
SPY:
12.34
VMFVX:
3.50%
SPY:
2.03%
VMFVX:
15.55%
SPY:
12.68%
VMFVX:
-45.78%
SPY:
-55.19%
VMFVX:
-4.95%
SPY:
-0.01%
Returns By Period
In the year-to-date period, VMFVX achieves a 2.52% return, which is significantly lower than SPY's 4.03% return. Over the past 10 years, VMFVX has underperformed SPY with an annualized return of 9.03%, while SPY has yielded a comparatively higher 13.18% annualized return.
VMFVX
2.52%
-0.91%
7.68%
16.69%
10.81%
9.03%
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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VMFVX vs. SPY - Expense Ratio Comparison
VMFVX has a 0.08% 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
VMFVX vs. SPY — Risk-Adjusted Performance Rank
VMFVX
SPY
VMFVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) 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
VMFVX vs. SPY - Dividend Comparison
VMFVX's dividend yield for the trailing twelve months is around 1.76%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 1.76% | 1.81% | 1.60% | 2.04% | 1.81% | 2.48% | 1.97% | 2.01% | 1.56% | 1.42% | 1.73% | 1.57% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VMFVX vs. SPY - Drawdown Comparison
The maximum VMFVX drawdown since its inception was -45.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMFVX and SPY. For additional features, visit the drawdowns tool.
Volatility
VMFVX vs. SPY - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) has a higher volatility of 3.57% compared to SPDR S&P 500 ETF (SPY) at 3.15%. This indicates that VMFVX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.