VSPVX vs. SPY
Compare and contrast key facts about Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and SPDR S&P 500 ETF (SPY).
VSPVX is managed by Vanguard. It was launched on Mar 3, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPVX or SPY.
Performance
VSPVX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VSPVX achieves a 20.04% return, which is significantly lower than SPY's 27.56% return. Over the past 10 years, VSPVX has underperformed SPY with an annualized return of 10.74%, while SPY has yielded a comparatively higher 13.24% annualized return.
VSPVX
20.04%
4.58%
14.01%
27.79%
12.52%
10.74%
SPY
27.56%
3.73%
14.09%
33.95%
15.55%
13.24%
Key characteristics
| VSPVX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.77 | 2.80 |
| Sortino Ratio | 3.87 | 3.71 |
| Omega Ratio | 1.50 | 1.52 |
| Calmar Ratio | 5.10 | 4.04 |
| Martin Ratio | 16.29 | 18.16 |
| Ulcer Index | 1.71% | 1.87% |
| Daily Std Dev | 10.00% | 12.12% |
| Max Drawdown | -37.05% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
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VSPVX vs. SPY - Expense Ratio Comparison
VSPVX has a 0.08% expense ratio, which is lower than SPY's 0.09% 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 VSPVX and SPY is 0.92, 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
VSPVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and SPDR S&P 500 ETF (SPY). 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
VSPVX vs. SPY - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.90%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 1.90% | 1.71% | 2.21% | 1.88% | 2.46% | 2.11% | 2.73% | 2.18% | 2.30% | 2.47% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VSPVX vs. SPY - Drawdown Comparison
The maximum VSPVX drawdown since its inception was -37.05%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VSPVX and SPY. For additional features, visit the drawdowns tool.
Volatility
VSPVX vs. SPY - Volatility Comparison
The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 3.45%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.00%. This indicates that VSPVX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.