VSPMX vs. IVOO
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard S&P Mid-Cap 400 ETF (IVOO).
VSPMX is managed by Vanguard. It was launched on Mar 28, 2011. IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPMX or IVOO.
Performance
VSPMX vs. IVOO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VSPMX having a 19.66% return and IVOO slightly lower at 19.65%. Both investments have delivered pretty close results over the past 10 years, with VSPMX having a 10.18% annualized return and IVOO not far behind at 10.15%.
VSPMX
19.66%
4.82%
12.14%
30.90%
12.29%
10.18%
IVOO
19.65%
4.84%
12.13%
30.90%
12.29%
10.15%
Key characteristics
| VSPMX | IVOO | |
|---|---|---|
| Sharpe Ratio | 1.99 | 1.98 |
| Sortino Ratio | 2.79 | 2.79 |
| Omega Ratio | 1.34 | 1.34 |
| Calmar Ratio | 3.19 | 3.19 |
| Martin Ratio | 11.38 | 11.32 |
| Ulcer Index | 2.78% | 2.79% |
| Daily Std Dev | 15.95% | 16.00% |
| Max Drawdown | -42.04% | -42.33% |
| Current Drawdown | -1.10% | -1.09% |
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VSPMX vs. IVOO - Expense Ratio Comparison
VSPMX has a 0.08% expense ratio, which is lower than IVOO's 0.10% 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%.
Correlation
The correlation between VSPMX and IVOO is 0.98, 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.
Risk-Adjusted Performance
VSPMX vs. IVOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard S&P Mid-Cap 400 ETF (IVOO). 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
VSPMX vs. IVOO - Dividend Comparison
VSPMX's dividend yield for the trailing twelve months is around 1.28%, more than IVOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | 1.28% | 1.27% | 1.60% | 1.15% | 1.24% | 1.49% | 1.64% | 1.27% | 1.54% | 1.52% | 1.32% | 0.97% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.26% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
Drawdowns
VSPMX vs. IVOO - Drawdown Comparison
The maximum VSPMX drawdown since its inception was -42.04%, roughly equal to the maximum IVOO drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for VSPMX and IVOO. For additional features, visit the drawdowns tool.
Volatility
VSPMX vs. IVOO - Volatility Comparison
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard S&P Mid-Cap 400 ETF (IVOO) have volatilities of 5.41% and 5.41%, 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.