VSMSX vs. SPY
Compare and contrast key facts about Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and SPDR S&P 500 ETF (SPY).
VSMSX is managed by Vanguard. It was launched on Apr 1, 2011. 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: VSMSX or SPY.
Correlation
The correlation between VSMSX and SPY is 0.82, 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
VSMSX vs. SPY - Performance Comparison
Key characteristics
VSMSX:
-0.30
SPY:
-0.09
VSMSX:
-0.28
SPY:
-0.02
VSMSX:
0.97
SPY:
1.00
VSMSX:
-0.29
SPY:
-0.09
VSMSX:
-0.92
SPY:
-0.45
VSMSX:
6.69%
SPY:
3.31%
VSMSX:
20.86%
SPY:
15.87%
VSMSX:
-44.42%
SPY:
-55.19%
VSMSX:
-21.38%
SPY:
-17.32%
Returns By Period
The year-to-date returns for both investments are quite close, with VSMSX having a -13.93% return and SPY slightly higher at -13.53%. Over the past 10 years, VSMSX has underperformed SPY with an annualized return of 6.87%, while SPY has yielded a comparatively higher 11.25% annualized return.
VSMSX
-13.93%
-7.75%
-12.22%
-6.66%
16.01%
6.87%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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VSMSX vs. SPY - Expense Ratio Comparison
VSMSX has a 0.08% 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
VSMSX vs. SPY — Risk-Adjusted Performance Rank
VSMSX
SPY
VSMSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) 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
VSMSX vs. SPY - Dividend Comparison
VSMSX's dividend yield for the trailing twelve months is around 1.73%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.73% | 1.49% | 1.49% | 1.52% | 1.17% | 1.10% | 1.38% | 1.39% | 1.11% | 1.00% | 1.33% | 1.11% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VSMSX vs. SPY - Drawdown Comparison
The maximum VSMSX drawdown since its inception was -44.42%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VSMSX and SPY. For additional features, visit the drawdowns tool.
Volatility
VSMSX vs. SPY - Volatility Comparison
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and SPDR S&P 500 ETF (SPY) have volatilities of 9.54% and 9.29%, 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.