VSP.TO vs. SPY
Compare and contrast key facts about Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and SPDR S&P 500 ETF (SPY).
VSP.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSP.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012. 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. Both VSP.TO and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSP.TO or SPY.
Key characteristics
| VSP.TO | SPY | |
|---|---|---|
| YTD Return | 25.70% | 26.77% |
| 1Y Return | 35.68% | 37.43% |
| 3Y Return (Ann) | 8.72% | 10.15% |
| 5Y Return (Ann) | 14.29% | 15.86% |
| 10Y Return (Ann) | 12.01% | 13.33% |
| Sharpe Ratio | 2.97 | 3.06 |
| Sortino Ratio | 4.05 | 4.08 |
| Omega Ratio | 1.55 | 1.58 |
| Calmar Ratio | 4.31 | 4.44 |
| Martin Ratio | 19.66 | 20.11 |
| Ulcer Index | 1.81% | 1.85% |
| Daily Std Dev | 11.98% | 12.18% |
| Max Drawdown | -35.55% | -55.19% |
| Current Drawdown | -0.24% | -0.31% |
Correlation
The correlation between VSP.TO and SPY is 0.87, 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
VSP.TO vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with VSP.TO having a 25.70% return and SPY slightly higher at 26.77%. Over the past 10 years, VSP.TO has underperformed SPY with an annualized return of 12.01%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSP.TO vs. SPY - Expense Ratio Comparison
Both VSP.TO and SPY have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VSP.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 CAD-hedged ETF (VSP.TO) 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
VSP.TO vs. SPY - Dividend Comparison
VSP.TO's dividend yield for the trailing twelve months is around 1.04%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSP.TO Vanguard S&P 500 CAD-hedged ETF | 1.04% | 1.17% | 1.37% | 1.07% | 1.27% | 1.52% | 1.76% | 1.46% | 1.69% | 1.75% | 1.53% | 1.43% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VSP.TO vs. SPY - Drawdown Comparison
The maximum VSP.TO drawdown since its inception was -35.55%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VSP.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
VSP.TO vs. SPY - Volatility Comparison
Vanguard S&P 500 CAD-hedged ETF (VSP.TO) and SPDR S&P 500 ETF (SPY) have volatilities of 3.82% and 3.88%, 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.