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.
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.
Performance
VSPMX vs. VOO - Performance Comparison
Key characteristics
VSPMX:
0.98
VOO:
2.25
VSPMX:
1.45
VOO:
2.98
VSPMX:
1.18
VOO:
1.42
VSPMX:
1.89
VOO:
3.31
VSPMX:
5.29
VOO:
14.77
VSPMX:
2.96%
VOO:
1.90%
VSPMX:
15.91%
VOO:
12.46%
VSPMX:
-42.04%
VOO:
-33.99%
VSPMX:
-7.72%
VOO:
-2.47%
Returns By Period
In the year-to-date period, VSPMX achieves a 13.91% return, which is significantly lower than VOO's 26.02% return. Over the past 10 years, VSPMX has underperformed VOO with an annualized return of 9.56%, while VOO has yielded a comparatively higher 13.08% annualized return.
VSPMX
13.91%
-4.81%
7.32%
13.74%
10.30%
9.56%
VOO
26.02%
-0.11%
9.35%
26.45%
14.79%
13.08%
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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%.
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 0.92%, more than VOO's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | 0.92% | 1.27% | 1.60% | 1.15% | 1.24% | 1.49% | 1.64% | 1.27% | 1.54% | 1.52% | 1.32% | 0.97% |
VOO Vanguard S&P 500 ETF | 0.91% | 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 5.33% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. 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.