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.
Key characteristics
| VNOM | SPY | |
|---|---|---|
| YTD Return | 49.54% | 21.36% |
| 1Y Return | 68.34% | 35.16% |
| 3Y Return (Ann) | 37.68% | 11.28% |
| 5Y Return (Ann) | 16.79% | 15.91% |
| 10Y Return (Ann) | 13.40% | 13.24% |
| Sharpe Ratio | 2.41 | 2.89 |
| Daily Std Dev | 28.71% | 12.43% |
| Max Drawdown | -86.96% | -55.19% |
| Current Drawdown | -7.39% | -0.15% |
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
In the year-to-date period, VNOM achieves a 49.54% return, which is significantly higher than SPY's 21.36% return. Both investments have delivered pretty close results over the past 10 years, with VNOM having a 13.40% annualized return and SPY not far behind at 13.24%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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 5.23%, more than SPY's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNOM Viper Energy Partners LP | 5.23% | 5.49% | 7.68% | 5.13% | 5.76% | 7.38% | 8.14% | 5.27% | 4.67% | 6.03% | 1.38% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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 11.61% compared to SPDR S&P 500 ETF (SPY) at 3.93%. 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.