VQNPX vs. SPY
Compare and contrast key facts about Vanguard Growth and Income Fund Investor Shares (VQNPX) and State Street SPDR S&P 500 ETF (SPY).
VQNPX is managed by Vanguard. It was launched on Dec 10, 1986. 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.
Performance
VQNPX vs. SPY - Performance Comparison
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VQNPX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VQNPX Vanguard Growth and Income Fund Investor Shares | -7.84% | 19.13% | 25.72% | 24.72% | -17.26% | 28.74% | 17.90% | 29.66% | -4.70% | 19.82% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, VQNPX achieves a -7.84% return, which is significantly lower than SPY's -4.37% return. Both investments have delivered pretty close results over the past 10 years, with VQNPX having a 13.40% annualized return and SPY not far ahead at 13.98%.
VQNPX
- 1D
- -0.56%
- 1M
- -7.85%
- YTD
- -7.84%
- 6M
- -4.62%
- 1Y
- 16.18%
- 3Y*
- 17.38%
- 5Y*
- 11.39%
- 10Y*
- 13.40%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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VQNPX vs. SPY - Expense Ratio Comparison
VQNPX has a 0.32% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
VQNPX vs. SPY — Risk / Return Rank
VQNPX
SPY
VQNPX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth and Income Fund Investor Shares (VQNPX) and State Street 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.
| VQNPX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.93 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.45 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.53 | -0.31 |
Martin ratioReturn relative to average drawdown | 5.55 | 7.30 | -1.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VQNPX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.93 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.69 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.78 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.56 | +0.03 |
Correlation
The correlation between VQNPX and SPY is 0.97, 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.
Dividends
VQNPX vs. SPY - Dividend Comparison
VQNPX's dividend yield for the trailing twelve months is around 11.50%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VQNPX Vanguard Growth and Income Fund Investor Shares | 11.50% | 10.60% | 11.56% | 8.60% | 9.69% | 15.16% | 6.53% | 4.09% | 7.92% | 5.01% | 6.90% | 7.60% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
VQNPX vs. SPY - Drawdown Comparison
The maximum VQNPX drawdown since its inception was -55.93%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VQNPX and SPY.
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Drawdown Indicators
| VQNPX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.93% | -55.19% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -12.05% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -24.50% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -33.72% | -0.61% |
Current DrawdownCurrent decline from peak | -9.75% | -6.24% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -9.09% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.52% | +0.08% |
Volatility
VQNPX vs. SPY - Volatility Comparison
The current volatility for Vanguard Growth and Income Fund Investor Shares (VQNPX) is 4.37%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that VQNPX 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.
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Volatility by Period
| VQNPX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 5.31% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 9.47% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 19.05% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.06% | 17.06% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 17.92% | +0.25% |