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VSPMX vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VSPMX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
10.30%
13.05%
VSPMX
VOO

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

YTD

17.71%

1M

2.42%

6M

8.90%

1Y

29.51%

5Y (annualized)

11.93%

10Y (annualized)

10.07%

VOO

YTD

25.52%

1M

1.19%

6M

12.21%

1Y

32.23%

5Y (annualized)

15.58%

10Y (annualized)

13.15%

Key characteristics


VSPMXVOO
Sharpe Ratio1.822.62
Sortino Ratio2.583.50
Omega Ratio1.321.49
Calmar Ratio2.853.78
Martin Ratio10.3717.12
Ulcer Index2.78%1.86%
Daily Std Dev15.88%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%.


VSPMX
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares
Expense ratio chart for VSPMX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%
Expense ratio chart for VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.9

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.


Sharpe ratio
The chart of Sharpe ratio for VSPMX, currently valued at 1.82, compared to the broader market-1.000.001.002.003.004.005.001.822.62
The chart of Sortino ratio for VSPMX, currently valued at 2.58, compared to the broader market0.005.0010.002.583.50
The chart of Omega ratio for VSPMX, currently valued at 1.32, compared to the broader market1.002.003.004.001.321.49
The chart of Calmar ratio for VSPMX, currently valued at 2.85, compared to the broader market0.005.0010.0015.0020.0025.002.853.78
The chart of Martin ratio for VSPMX, currently valued at 10.37, compared to the broader market0.0020.0040.0060.0080.00100.0010.3717.12
VSPMX
VOO

The current VSPMX Sharpe Ratio is 1.82, which is lower than the VOO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of VSPMX and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.82
2.62
VSPMX
VOO

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.


TTM20232022202120202019201820172016201520142013
VSPMX
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%
VOO
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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.72%
-1.36%
VSPMX
VOO

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.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
5.25%
4.10%
VSPMX
VOO