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:
0.09
SPY:
-0.09
VMVLX:
0.20
SPY:
-0.02
VMVLX:
1.03
SPY:
1.00
VMVLX:
0.11
SPY:
-0.09
VMVLX:
0.50
SPY:
-0.45
VMVLX:
2.50%
SPY:
3.31%
VMVLX:
13.18%
SPY:
15.87%
VMVLX:
-56.30%
SPY:
-55.19%
VMVLX:
-11.54%
SPY:
-17.32%
Returns By Period
In the year-to-date period, VMVLX achieves a -5.71% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, VMVLX has underperformed SPY with an annualized return of 9.74%, while SPY has yielded a comparatively higher 11.25% annualized return.
VMVLX
-5.71%
-9.32%
-7.80%
2.32%
15.66%
9.74%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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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 2.46%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 2.46% | 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 | 1.42% | 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 7.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 9.29%. 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.