VQNPX vs. SPY
Compare and contrast key facts about Vanguard Growth and Income Fund Investor Shares (VQNPX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VQNPX or SPY.
Performance
VQNPX vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VQNPX having a 27.08% return and SPY slightly lower at 26.08%. Over the past 10 years, VQNPX has underperformed SPY with an annualized return of 6.15%, while SPY has yielded a comparatively higher 13.10% annualized return.
VQNPX
27.08%
1.97%
12.64%
23.45%
7.67%
6.15%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| VQNPX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.66 | 2.70 |
| Sortino Ratio | 2.11 | 3.60 |
| Omega Ratio | 1.33 | 1.50 |
| Calmar Ratio | 1.05 | 3.90 |
| Martin Ratio | 8.43 | 17.52 |
| Ulcer Index | 2.86% | 1.87% |
| Daily Std Dev | 14.49% | 12.14% |
| Max Drawdown | -61.71% | -55.19% |
| Current Drawdown | -0.79% | -0.85% |
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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.
Correlation
The correlation between VQNPX and SPY is 0.96, 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
VQNPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth and Income Fund Investor Shares (VQNPX) 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
VQNPX vs. SPY - Dividend Comparison
VQNPX's dividend yield for the trailing twelve months is around 0.86%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VQNPX Vanguard Growth and Income Fund Investor Shares | 0.86% | 1.20% | 1.64% | 1.15% | 1.36% | 1.58% | 1.79% | 1.47% | 2.07% | 1.87% | 1.65% | 1.50% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VQNPX vs. SPY - Drawdown Comparison
The maximum VQNPX drawdown since its inception was -61.71%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VQNPX and SPY. For additional features, visit the drawdowns tool.
Volatility
VQNPX vs. SPY - Volatility Comparison
Vanguard Growth and Income Fund Investor Shares (VQNPX) and SPDR S&P 500 ETF (SPY) have volatilities of 4.14% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.