VSPVX vs. VIG
Compare and contrast key facts about Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and Vanguard Dividend Appreciation ETF (VIG).
VSPVX is managed by Vanguard. It was launched on Mar 3, 2015. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013.
Performance
VSPVX vs. VIG - Performance Comparison
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VSPVX vs. VIG - 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% |
VIG Vanguard Dividend Appreciation ETF | -1.48% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
Returns By Period
In the year-to-date period, VSPVX achieves a 0.02% return, which is significantly higher than VIG's -1.48% return. Over the past 10 years, VSPVX has underperformed VIG with an annualized return of 11.31%, while VIG has yielded a comparatively higher 12.29% 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%
VIG
- 1D
- 0.29%
- 1M
- -4.68%
- YTD
- -1.48%
- 6M
- 0.22%
- 1Y
- 13.20%
- 3Y*
- 13.91%
- 5Y*
- 9.83%
- 10Y*
- 12.29%
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VSPVX vs. VIG - Expense Ratio Comparison
VSPVX has a 0.08% expense ratio, which is higher than VIG's 0.04% 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%.
Return for Risk
VSPVX vs. VIG — Risk / Return Rank
VSPVX
VIG
VSPVX vs. VIG - 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 Vanguard Dividend Appreciation ETF (VIG). 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 | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.87 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.33 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.20 | -0.05 |
Martin ratioReturn relative to average drawdown | 5.43 | 5.31 | +0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VSPVX | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.87 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.69 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.77 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.57 | +0.02 |
Correlation
The correlation between VSPVX and VIG is 0.90, 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. VIG - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.82%, more than VIG's 1.60% 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% |
VIG Vanguard Dividend Appreciation ETF | 1.60% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Drawdowns
VSPVX vs. VIG - Drawdown Comparison
The maximum VSPVX drawdown since its inception was -37.05%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VSPVX and VIG.
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Drawdown Indicators
| VSPVX | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.05% | -46.81% | +9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -10.83% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -20.39% | +2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -31.72% | -5.33% |
Current DrawdownCurrent decline from peak | -4.58% | -5.73% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -5.55% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.45% | +0.11% |
Volatility
VSPVX vs. VIG - Volatility Comparison
The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 3.84%, while Vanguard Dividend Appreciation ETF (VIG) has a volatility of 4.05%. This indicates that VSPVX experiences smaller price fluctuations and is considered to be less risky than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSPVX | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 4.05% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 7.82% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 15.28% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 14.26% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 16.04% | +1.05% |