VOOV vs. SPLG
Compare and contrast key facts about Vanguard S&P 500 Value ETF (VOOV) and SPDR Portfolio S&P 500 ETF (SPLG).
VOOV and SPLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOOV is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Value Index. It was launched on Sep 7, 2010. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both VOOV and SPLG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOOV or SPLG.
Performance
VOOV vs. SPLG - Performance Comparison
Returns By Period
In the year-to-date period, VOOV achieves a 18.28% return, which is significantly lower than SPLG's 26.18% return. Over the past 10 years, VOOV has underperformed SPLG with an annualized return of 10.50%, while SPLG has yielded a comparatively higher 13.24% annualized return.
VOOV
18.28%
1.95%
11.93%
25.90%
12.43%
10.50%
SPLG
26.18%
1.78%
13.64%
32.35%
15.70%
13.24%
Key characteristics
| VOOV | SPLG | |
|---|---|---|
| Sharpe Ratio | 2.64 | 2.71 |
| Sortino Ratio | 3.73 | 3.61 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 5.00 | 3.89 |
| Martin Ratio | 15.99 | 17.55 |
| Ulcer Index | 1.67% | 1.87% |
| Daily Std Dev | 10.10% | 12.11% |
| Max Drawdown | -37.31% | -54.50% |
| Current Drawdown | -0.14% | -0.84% |
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VOOV vs. SPLG - Expense Ratio Comparison
VOOV has a 0.10% expense ratio, which is higher than SPLG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VOOV and SPLG is 0.82, 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.
Risk-Adjusted Performance
VOOV vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value ETF (VOOV) and SPDR Portfolio S&P 500 ETF (SPLG). 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
VOOV vs. SPLG - Dividend Comparison
VOOV's dividend yield for the trailing twelve months is around 1.90%, more than SPLG's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOOV Vanguard S&P 500 Value ETF | 1.90% | 1.69% | 2.19% | 1.87% | 2.45% | 2.10% | 2.65% | 2.13% | 2.24% | 2.36% | 1.98% | 1.97% |
SPLG SPDR Portfolio S&P 500 ETF | 1.23% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
VOOV vs. SPLG - Drawdown Comparison
The maximum VOOV drawdown since its inception was -37.31%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for VOOV and SPLG. For additional features, visit the drawdowns tool.
Volatility
VOOV vs. SPLG - Volatility Comparison
The current volatility for Vanguard S&P 500 Value ETF (VOOV) is 3.48%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 3.98%. This indicates that VOOV experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.