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.
Key characteristics
| VMVIX | SPY | |
|---|---|---|
| YTD Return | 20.24% | 27.04% |
| 1Y Return | 36.22% | 39.75% |
| 3Y Return (Ann) | 6.98% | 10.21% |
| 5Y Return (Ann) | 10.54% | 15.93% |
| 10Y Return (Ann) | 9.21% | 13.36% |
| Sharpe Ratio | 2.90 | 3.15 |
| Sortino Ratio | 4.07 | 4.19 |
| Omega Ratio | 1.51 | 1.59 |
| Calmar Ratio | 2.69 | 4.60 |
| Martin Ratio | 18.13 | 20.85 |
| Ulcer Index | 1.94% | 1.85% |
| Daily Std Dev | 12.10% | 12.29% |
| Max Drawdown | -61.61% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
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
In the year-to-date period, VMVIX achieves a 20.24% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, VMVIX has underperformed SPY with an annualized return of 9.21%, while SPY has yielded a comparatively higher 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 1.95%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVIX Vanguard Mid-Cap Value Index Fund | 1.95% | 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 | 1.17% | 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
The current volatility for Vanguard Mid-Cap Value Index Fund (VMVIX) is 3.55%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that VMVIX 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.