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.
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.
Performance
VSIIX vs. SPY - Performance Comparison
Key characteristics
VSIIX:
0.93
SPY:
1.87
VSIIX:
1.43
SPY:
2.52
VSIIX:
1.17
SPY:
1.35
VSIIX:
1.52
SPY:
2.81
VSIIX:
3.77
SPY:
11.69
VSIIX:
3.87%
SPY:
2.02%
VSIIX:
15.65%
SPY:
12.65%
VSIIX:
-62.05%
SPY:
-55.19%
VSIIX:
-5.60%
SPY:
0.00%
Returns By Period
In the year-to-date period, VSIIX achieves a 2.84% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, VSIIX has underperformed SPY with an annualized return of 8.74%, while SPY has yielded a comparatively higher 13.23% annualized return.
VSIIX
2.84%
-0.37%
6.25%
16.15%
10.64%
8.74%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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%.
Risk-Adjusted Performance
VSIIX vs. SPY — Risk-Adjusted Performance Rank
VSIIX
SPY
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 1.93%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.93% | 1.98% | 2.12% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% | 1.78% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 3.50% compared to SPDR S&P 500 ETF (SPY) at 3.00%. 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.