VSPVX vs. SPINX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and SEI Institutional Investments Trust S&P 500 Index Fund (SPINX).

VSPVX is managed by Vanguard. It was launched on Mar 3, 2015. SPINX is a passively managed fund by SEI that tracks the performance of the S&P 500 Index. It was launched on Dec 18, 2013.

Performance

VSPVX vs. SPINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and SEI Institutional Investments Trust S&P 500 Index Fund (SPINX). The values are adjusted to include any dividend payments, if applicable.

VSPVX vs. SPINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares	0.02%	12.62%	11.99%	22.39%	-5.33%	24.80%	1.23%	31.84%	-9.02%	15.28%
SPINX SEI Institutional Investments Trust S&P 500 Index Fund	-4.36%	17.89%	24.02%	26.24%	-18.27%	28.62%	18.35%	31.42%	-4.46%	21.74%

Returns By Period

In the year-to-date period, VSPVX achieves a 0.02% return, which is significantly higher than SPINX's -4.36% return. Over the past 10 years, VSPVX has underperformed SPINX with an annualized return of 11.31%, while SPINX has yielded a comparatively higher 13.92% annualized return.

VSPVX

• 1D: 1.73%
• 1M: -4.47%
• YTD: 0.02%
• 6M: 2.93%
• 1Y: 12.95%
• 3Y*: 13.66%
• 5Y*: 10.32%
• 10Y*: 11.31%

SPINX

• 1D: 2.94%
• 1M: -5.04%
• YTD: -4.36%
• 6M: -2.09%
• 1Y: 17.35%
• 3Y*: 17.98%
• 5Y*: 11.54%
• 10Y*: 13.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VSPVX vs. SPINX - Expense Ratio Comparison

VSPVX has a 0.08% expense ratio, which is lower than SPINX's 0.12% 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%.

SPINX

SEI Institutional Investments Trust S&P 500 Index Fund

VSPVX

Vanguard S&P 500 Value Index Fund Institutional Shares

Return for Risk

VSPVX vs. SPINX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSPVX

VSPVX Risk / Return Rank: 41
VSPVX Sharpe Ratio Rank: 36
VSPVX Sortino Ratio Rank: 36
VSPVX Omega Ratio Rank: 39
VSPVX Calmar Ratio Rank: 42
VSPVX Martin Ratio Rank: 53

SPINX

SPINX Risk / Return Rank: 56
SPINX Sharpe Ratio Rank: 46
SPINX Sortino Ratio Rank: 49
SPINX Omega Ratio Rank: 53
SPINX Calmar Ratio Rank: 59
SPINX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSPVX vs. SPINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and SEI Institutional Investments Trust S&P 500 Index Fund (SPINX). 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.

	VSPVX	SPINX	Difference
Sharpe ratio Return per unit of total volatility	0.83	0.97	-0.14
Sortino ratio Return per unit of downside risk	1.25	1.49	-0.24
Omega ratio Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio Return relative to maximum drawdown	1.15	1.53	-0.38
Martin ratio Return relative to average drawdown	5.43	7.30	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSPVX vs. SPINX - Sharpe Ratio Comparison

The current VSPVX Sharpe Ratio is 0.83, which is comparable to the SPINX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of VSPVX and SPINX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VSPVX	SPINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.97	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.52	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.67	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.65	-0.05

Correlation

The correlation between VSPVX and SPINX is 0.87, 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

VSPVX vs. SPINX - Dividend Comparison

VSPVX's dividend yield for the trailing twelve months is around 1.82%, less than SPINX's 12.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares	1.82%	1.35%	2.12%	1.70%	2.21%	1.88%	2.46%	2.12%	2.73%	2.18%	2.30%	2.47%
SPINX SEI Institutional Investments Trust S&P 500 Index Fund	12.44%	11.90%	26.02%	9.77%	9.59%	6.58%	3.58%	3.01%	4.94%	2.32%	1.97%	2.29%

Drawdowns

VSPVX vs. SPINX - Drawdown Comparison

The maximum VSPVX drawdown since its inception was -37.05%, which is greater than SPINX's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for VSPVX and SPINX.

Drawdown Indicators

	VSPVX	SPINX	Difference
Max Drawdown Largest peak-to-trough decline	-37.05%	-33.82%	-3.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.10%	-12.11%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-18.00%	-32.91%	+14.91%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	-33.82%	-3.23%
Current Drawdown Current decline from peak	-4.58%	-11.03%	+6.45%
Average Drawdown Average peak-to-trough decline	-4.11%	-5.25%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.53%	+0.03%

Volatility

VSPVX vs. SPINX - Volatility Comparison

The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 3.84%, while SEI Institutional Investments Trust S&P 500 Index Fund (SPINX) has a volatility of 5.36%. This indicates that VSPVX experiences smaller price fluctuations and is considered to be less risky than SPINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSPVX	SPINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	5.36%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	9.59%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.57%	18.34%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	22.50%	-8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.09%	20.94%	-3.85%