VNOM vs. SPY
Compare and contrast key facts about Viper Energy Partners LP (VNOM) and SPDR S&P 500 ETF (SPY).
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: VNOM or SPY.
Correlation
The correlation between VNOM and SPY is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VNOM vs. SPY - Performance Comparison
Key characteristics
VNOM:
0.12
SPY:
-0.09
VNOM:
0.40
SPY:
-0.02
VNOM:
1.05
SPY:
1.00
VNOM:
0.13
SPY:
-0.09
VNOM:
0.41
SPY:
-0.45
VNOM:
10.33%
SPY:
3.31%
VNOM:
33.95%
SPY:
15.87%
VNOM:
-86.96%
SPY:
-55.19%
VNOM:
-32.42%
SPY:
-17.32%
Returns By Period
In the year-to-date period, VNOM achieves a -22.12% return, which is significantly lower than SPY's -13.53% return. Over the past 10 years, VNOM has outperformed SPY with an annualized return of 13.99%, while SPY has yielded a comparatively lower 11.25% annualized return.
VNOM
-22.12%
-11.06%
-23.00%
3.90%
45.72%
13.99%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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Risk-Adjusted Performance
VNOM vs. SPY — Risk-Adjusted Performance Rank
VNOM
SPY
VNOM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Viper Energy Partners LP (VNOM) 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
VNOM vs. SPY - Dividend Comparison
VNOM's dividend yield for the trailing twelve months is around 6.62%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 6.62% | 4.89% | 5.58% | 7.68% | 5.16% | 5.85% | 7.38% | 8.14% | 5.27% | 4.83% | 6.16% | 1.38% |
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
VNOM vs. SPY - Drawdown Comparison
The maximum VNOM drawdown since its inception was -86.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VNOM and SPY. For additional features, visit the drawdowns tool.
Volatility
VNOM vs. SPY - Volatility Comparison
Viper Energy Partners LP (VNOM) has a higher volatility of 16.86% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that VNOM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.