VSPGX vs. IVW
Compare and contrast key facts about Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) and iShares S&P 500 Growth ETF (IVW).
VSPGX is managed by Vanguard. It was launched on Apr 5, 2019. IVW is a passively managed fund by iShares that tracks the performance of the S&P 500/Citigroup Growth Index. It was launched on May 22, 2000.
Performance
VSPGX vs. IVW - Performance Comparison
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VSPGX vs. IVW - 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% |
IVW iShares S&P 500 Growth ETF | -8.16% | 21.95% | 35.82% | 29.83% | -29.50% | 31.80% | 33.19% | 30.77% | -0.21% | 23.36% |
Returns By Period
In the year-to-date period, VSPGX achieves a -11.70% return, which is significantly lower than IVW's -8.16% return.
VSPGX
- 1D
- -0.81%
- 1M
- -9.04%
- YTD
- -11.70%
- 6M
- -9.76%
- 1Y
- 17.82%
- 3Y*
- 20.16%
- 5Y*
- 11.62%
- 10Y*
- —
IVW
- 1D
- 4.05%
- 1M
- -5.31%
- YTD
- -8.16%
- 6M
- -6.12%
- 1Y
- 22.36%
- 3Y*
- 21.71%
- 5Y*
- 12.10%
- 10Y*
- 15.63%
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VSPGX vs. IVW - Expense Ratio Comparison
VSPGX has a 0.08% expense ratio, which is lower than IVW's 0.18% 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%.
Return for Risk
VSPGX vs. IVW — Risk / Return Rank
VSPGX
IVW
VSPGX vs. IVW - 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 S&P 500 Growth ETF (IVW). 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 | IVW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.01 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.57 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.65 | -0.54 |
Martin ratioReturn relative to average drawdown | 4.44 | 6.48 | -2.04 |
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 | IVW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.01 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.58 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.41 | +0.33 |
Correlation
The correlation between VSPGX and IVW is 0.99, 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. IVW - Dividend Comparison
VSPGX's dividend yield for the trailing twelve months is around 0.58%, more than IVW's 0.43% 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% |
IVW iShares S&P 500 Growth ETF | 0.43% | 0.40% | 0.43% | 1.03% | 0.92% | 0.46% | 0.82% | 1.63% | 1.28% | 1.30% | 1.51% | 1.51% |
Drawdowns
VSPGX vs. IVW - Drawdown Comparison
The maximum VSPGX drawdown since its inception was -32.73%, smaller than the maximum IVW drawdown of -57.33%. Use the drawdown chart below to compare losses from any high point for VSPGX and IVW.
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Drawdown Indicators
| VSPGX | IVW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.73% | -57.33% | +24.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -13.75% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -32.72% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.72% | — |
Current DrawdownCurrent decline from peak | -13.68% | -10.26% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -17.73% | +10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.51% | -0.09% |
Volatility
VSPGX vs. IVW - Volatility Comparison
The current volatility for Vanguard S&P 500 Growth Index Fund Institutional Shares (VSPGX) is 5.68%, while iShares S&P 500 Growth ETF (IVW) has a volatility of 7.14%. This indicates that VSPGX experiences smaller price fluctuations and is considered to be less risky than IVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSPGX | IVW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 7.14% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 12.61% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.09% | 22.25% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.17% | 21.12% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 20.54% | +0.85% |