VMVLX vs. SPY
Compare and contrast key facts about Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and SPDR S&P 500 ETF (SPY).
VMVLX is managed by Vanguard. It was launched on Mar 5, 2008. 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: VMVLX or SPY.
Correlation
The correlation between VMVLX and SPY is 0.92, 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
VMVLX vs. SPY - Performance Comparison
Key characteristics
VMVLX:
0.50
SPY:
0.51
VMVLX:
0.79
SPY:
0.86
VMVLX:
1.11
SPY:
1.13
VMVLX:
0.57
SPY:
0.55
VMVLX:
2.31
SPY:
2.26
VMVLX:
3.26%
SPY:
4.55%
VMVLX:
15.20%
SPY:
20.08%
VMVLX:
-56.30%
SPY:
-55.19%
VMVLX:
-7.47%
SPY:
-9.89%
Returns By Period
In the year-to-date period, VMVLX achieves a -1.37% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, VMVLX has underperformed SPY with an annualized return of 9.97%, while SPY has yielded a comparatively higher 11.99% annualized return.
VMVLX
-1.37%
-5.11%
-3.09%
7.82%
14.23%
9.97%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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VMVLX vs. SPY - Expense Ratio Comparison
VMVLX has a 0.06% 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
VMVLX vs. SPY — Risk-Adjusted Performance Rank
VMVLX
SPY
VMVLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) 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
VMVLX vs. SPY - Dividend Comparison
VMVLX's dividend yield for the trailing twelve months is around 2.35%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 2.35% | 2.32% | 2.48% | 2.46% | 2.18% | 2.47% | 2.70% | 2.66% | 2.36% | 2.53% | 2.62% | 2.29% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VMVLX vs. SPY - Drawdown Comparison
The maximum VMVLX drawdown since its inception was -56.30%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMVLX and SPY. For additional features, visit the drawdowns tool.
Volatility
VMVLX vs. SPY - Volatility Comparison
The current volatility for Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) is 10.97%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that VMVLX 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.