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.
Key characteristics
| VMVLX | SPY | |
|---|---|---|
| YTD Return | 22.42% | 27.04% |
| 1Y Return | 34.47% | 39.75% |
| 3Y Return (Ann) | 10.59% | 10.21% |
| 5Y Return (Ann) | 12.03% | 15.93% |
| 10Y Return (Ann) | 10.95% | 13.36% |
| Sharpe Ratio | 3.32 | 3.15 |
| Sortino Ratio | 4.67 | 4.19 |
| Omega Ratio | 1.62 | 1.59 |
| Calmar Ratio | 5.47 | 4.60 |
| Martin Ratio | 21.97 | 20.85 |
| Ulcer Index | 1.52% | 1.85% |
| Daily Std Dev | 10.08% | 12.29% |
| Max Drawdown | -56.30% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
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
In the year-to-date period, VMVLX achieves a 22.42% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, VMVLX has underperformed SPY with an annualized return of 10.95%, 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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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 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 2.23%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 2.23% | 2.48% | 2.46% | 2.18% | 2.47% | 2.70% | 2.66% | 2.36% | 2.53% | 2.62% | 2.29% | 2.32% |
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
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
Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.80% and 3.95%, 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.