VSPGX vs. IVV
Compare and contrast key facts about Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) and iShares Core S&P 500 ETF (IVV).
VSPGX is managed by Vanguard. It was launched on Apr 5, 2019. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
VSPGX vs. IVV - Performance Comparison
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VSPGX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares | -11.70% | 21.91% | 35.48% | 30.38% | -29.46% | 31.88% | 33.34% | 31.06% | -0.05% | 23.40% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 19.60% |
Returns By Period
In the year-to-date period, VSPGX achieves a -11.70% return, which is significantly lower than IVV's -4.38% return.
VSPGX
- 1D
- -0.81%
- 1M
- -9.04%
- YTD
- -11.70%
- 6M
- -9.76%
- 1Y
- 17.82%
- 3Y*
- 20.16%
- 5Y*
- 11.62%
- 10Y*
- —
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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VSPGX vs. IVV - Expense Ratio Comparison
VSPGX has a 0.08% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VSPGX vs. IVV — Risk / Return Rank
VSPGX
IVV
VSPGX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) and iShares Core S&P 500 ETF (IVV). 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.
| VSPGX | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.97 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.49 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.53 | -0.42 |
Martin ratioReturn relative to average drawdown | 4.44 | 7.32 | -2.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VSPGX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.97 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.70 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.42 | +0.32 |
Correlation
The correlation between VSPGX and IVV is 0.94, 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.
Dividends
VSPGX vs. IVV - Dividend Comparison
VSPGX's dividend yield for the trailing twelve months is around 0.58%, less than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPGX Vanguard S&P 500 Growth Index Fund Institutional Shares | 0.58% | 0.38% | 0.50% | 1.14% | 0.95% | 0.55% | 0.89% | 0.68% | 0.31% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
VSPGX vs. IVV - Drawdown Comparison
The maximum VSPGX drawdown since its inception was -32.73%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for VSPGX and IVV.
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Drawdown Indicators
| VSPGX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -55.25% | +22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -12.06% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -24.53% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -13.68% | -6.26% | -7.42% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -10.85% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.53% | +0.89% |
Volatility
VSPGX vs. IVV - Volatility Comparison
Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) has a higher volatility of 5.68% compared to iShares Core S&P 500 ETF (IVV) at 5.30%. This indicates that VSPGX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSPGX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.30% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 9.45% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.09% | 18.31% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.17% | 16.89% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 18.04% | +3.35% |