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:
0.55
SPY:
1.87
VSMSX:
0.93
SPY:
2.52
VSMSX:
1.11
SPY:
1.35
VSMSX:
0.87
SPY:
2.81
VSMSX:
2.40
SPY:
11.69
VSMSX:
4.27%
SPY:
2.02%
VSMSX:
18.76%
SPY:
12.65%
VSMSX:
-44.42%
SPY:
-55.19%
VSMSX:
-7.00%
SPY:
0.00%
Returns By Period
In the year-to-date period, VSMSX achieves a 1.81% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, VSMSX has underperformed SPY with an annualized return of 8.94%, while SPY has yielded a comparatively higher 13.23% annualized return.
VSMSX
1.81%
-0.62%
4.37%
12.71%
8.97%
8.94%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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 1.47%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.47% | 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 | 1.15% | 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) has a higher volatility of 4.12% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that VSMSX'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.