VSIIX vs. SPY
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and SPDR S&P 500 ETF (SPY).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. 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: VSIIX or SPY.
Performance
VSIIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VSIIX achieves a 19.06% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, VSIIX has underperformed SPY with an annualized return of 9.42%, while SPY has yielded a comparatively higher 13.10% annualized return.
VSIIX
19.06%
5.14%
14.98%
32.15%
12.11%
9.42%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| VSIIX | SPY | |
|---|---|---|
| Sharpe Ratio | 1.98 | 2.70 |
| Sortino Ratio | 2.80 | 3.60 |
| Omega Ratio | 1.35 | 1.50 |
| Calmar Ratio | 4.01 | 3.90 |
| Martin Ratio | 11.14 | 17.52 |
| Ulcer Index | 2.95% | 1.87% |
| Daily Std Dev | 16.66% | 12.14% |
| Max Drawdown | -62.05% | -55.19% |
| Current Drawdown | -1.27% | -0.85% |
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VSIIX vs. SPY - Expense Ratio Comparison
VSIIX has a 0.06% 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%.
Correlation
The correlation between VSIIX and SPY is 0.85, 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
VSIIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) 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
VSIIX vs. SPY - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.89%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.89% | 2.12% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% | 1.78% | 1.88% |
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
VSIIX vs. SPY - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VSIIX and SPY. For additional features, visit the drawdowns tool.
Volatility
VSIIX vs. SPY - Volatility Comparison
Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) has a higher volatility of 5.75% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that VSIIX'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.