VSPMX vs. VOO
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard S&P 500 ETF (VOO).
VSPMX is managed by Vanguard. It was launched on Mar 28, 2011. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 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 VOO.
Performance
VSPMX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, VSPMX achieves a 17.71% return, which is significantly lower than VOO's 25.52% return. Over the past 10 years, VSPMX has underperformed VOO with an annualized return of 10.07%, while VOO has yielded a comparatively higher 13.15% annualized return.
VSPMX
17.71%
2.42%
8.90%
29.51%
11.93%
10.07%
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
VSPMX | VOO | |
---|---|---|
Sharpe Ratio | 1.82 | 2.62 |
Sortino Ratio | 2.58 | 3.50 |
Omega Ratio | 1.32 | 1.49 |
Calmar Ratio | 2.85 | 3.78 |
Martin Ratio | 10.37 | 17.12 |
Ulcer Index | 2.78% | 1.86% |
Daily Std Dev | 15.88% | 12.19% |
Max Drawdown | -42.04% | -33.99% |
Current Drawdown | -2.72% | -1.36% |
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VSPMX vs. VOO - Expense Ratio Comparison
VSPMX has a 0.08% expense ratio, which is higher than VOO'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%.
Correlation
The correlation between VSPMX and VOO is 0.88, 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. VOO - 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 500 ETF (VOO). 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. VOO - Dividend Comparison
VSPMX's dividend yield for the trailing twelve months is around 1.30%, more than VOO's 1.25% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | 1.30% | 1.27% | 1.60% | 1.15% | 1.24% | 1.49% | 1.64% | 1.27% | 1.54% | 1.52% | 1.32% | 0.97% |
Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VSPMX vs. VOO - Drawdown Comparison
The maximum VSPMX drawdown since its inception was -42.04%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VSPMX and VOO. For additional features, visit the drawdowns tool.
Volatility
VSPMX vs. VOO - Volatility Comparison
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) has a higher volatility of 5.25% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that VSPMX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.