VMVIX vs. SPY
Compare and contrast key facts about Vanguard Mid-Cap Value Index Fund (VMVIX) and SPDR S&P 500 ETF (SPY).
VMVIX is managed by Vanguard. It was launched on Aug 17, 2006. 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: VMVIX or SPY.
Correlation
The correlation between VMVIX and SPY is 0.90, 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
VMVIX vs. SPY - Performance Comparison
Key characteristics
VMVIX:
1.26
SPY:
2.21
VMVIX:
1.79
SPY:
2.93
VMVIX:
1.22
SPY:
1.41
VMVIX:
1.71
SPY:
3.26
VMVIX:
6.40
SPY:
14.40
VMVIX:
2.31%
SPY:
1.90%
VMVIX:
11.75%
SPY:
12.44%
VMVIX:
-61.61%
SPY:
-55.19%
VMVIX:
-7.77%
SPY:
-1.83%
Returns By Period
In the year-to-date period, VMVIX achieves a 13.70% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, VMVIX has underperformed SPY with an annualized return of 8.22%, while SPY has yielded a comparatively higher 13.04% annualized return.
VMVIX
13.70%
-6.75%
7.16%
14.40%
8.65%
8.22%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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VMVIX vs. SPY - Expense Ratio Comparison
VMVIX has a 0.19% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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
VMVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value Index Fund (VMVIX) 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
VMVIX vs. SPY - Dividend Comparison
VMVIX's dividend yield for the trailing twelve months is around 1.40%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVIX Vanguard Mid-Cap Value Index Fund | 1.40% | 2.16% | 2.15% | 1.67% | 2.26% | 1.95% | 2.60% | 1.75% | 1.81% | 1.91% | 1.51% | 1.40% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VMVIX vs. SPY - Drawdown Comparison
The maximum VMVIX drawdown since its inception was -61.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMVIX and SPY. For additional features, visit the drawdowns tool.
Volatility
VMVIX vs. SPY - Volatility Comparison
Vanguard Mid-Cap Value Index Fund (VMVIX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.80% and 3.83%, 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.