VRNIX vs. SPY
Compare and contrast key facts about Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and SPDR S&P 500 ETF (SPY).
VRNIX is managed by Vanguard. It was launched on Oct 15, 2010. 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: VRNIX or SPY.
Correlation
The correlation between VRNIX and SPY is 0.99, 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.
Performance
VRNIX vs. SPY - Performance Comparison
Key characteristics
VRNIX:
0.30
SPY:
0.30
VRNIX:
0.55
SPY:
0.56
VRNIX:
1.08
SPY:
1.08
VRNIX:
0.30
SPY:
0.31
VRNIX:
1.34
SPY:
1.40
VRNIX:
4.32%
SPY:
4.18%
VRNIX:
19.19%
SPY:
19.64%
VRNIX:
-34.57%
SPY:
-55.19%
VRNIX:
-14.13%
SPY:
-13.86%
Returns By Period
The year-to-date returns for both investments are quite close, with VRNIX having a -10.01% return and SPY slightly higher at -9.91%. Both investments have delivered pretty close results over the past 10 years, with VRNIX having a 11.25% annualized return and SPY not far ahead at 11.54%.
VRNIX
-10.01%
-6.72%
-9.35%
7.47%
14.96%
11.25%
SPY
-9.91%
-6.63%
-9.38%
7.66%
15.04%
11.54%
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VRNIX vs. SPY - Expense Ratio Comparison
VRNIX has a 0.07% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VRNIX vs. SPY — Risk-Adjusted Performance Rank
VRNIX
SPY
VRNIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) 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
VRNIX vs. SPY - Dividend Comparison
VRNIX's dividend yield for the trailing twelve months is around 1.38%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 1.38% | 1.21% | 1.41% | 1.59% | 1.16% | 1.46% | 1.65% | 2.00% | 1.73% | 1.93% | 1.92% | 1.74% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VRNIX vs. SPY - Drawdown Comparison
The maximum VRNIX drawdown since its inception was -34.57%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VRNIX and SPY. For additional features, visit the drawdowns tool.
Volatility
VRNIX vs. SPY - Volatility Comparison
The current volatility for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) is 13.70%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that VRNIX 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.