VSPVX vs. VIIIX
Compare and contrast key facts about Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VSPVX is managed by Vanguard. It was launched on Mar 3, 2015. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPVX or VIIIX.
Key characteristics
| VSPVX | VIIIX | |
|---|---|---|
| YTD Return | 17.97% | 26.79% |
| 1Y Return | 32.15% | 37.87% |
| 3Y Return (Ann) | 11.62% | 8.11% |
| 5Y Return (Ann) | 12.39% | 13.85% |
| 10Y Return (Ann) | 10.66% | 12.29% |
| Sharpe Ratio | 3.05 | 2.95 |
| Sortino Ratio | 4.31 | 3.95 |
| Omega Ratio | 1.56 | 1.55 |
| Calmar Ratio | 5.25 | 3.46 |
| Martin Ratio | 18.43 | 19.36 |
| Ulcer Index | 1.70% | 1.90% |
| Daily Std Dev | 10.25% | 12.45% |
| Max Drawdown | -37.05% | -55.18% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VSPVX and VIIIX 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.
Performance
VSPVX vs. VIIIX - Performance Comparison
In the year-to-date period, VSPVX achieves a 17.97% return, which is significantly lower than VIIIX's 26.79% return. Over the past 10 years, VSPVX has underperformed VIIIX with an annualized return of 10.66%, while VIIIX has yielded a comparatively higher 12.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSPVX vs. VIIIX - Expense Ratio Comparison
VSPVX has a 0.08% expense ratio, which is higher than VIIIX's 0.02% 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
VSPVX vs. VIIIX - 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 Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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. VIIIX - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.93%, more than VIIIX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 1.93% | 1.71% | 2.21% | 1.88% | 2.46% | 2.11% | 2.73% | 2.18% | 2.30% | 2.47% | 0.00% | 0.00% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.25% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
VSPVX vs. VIIIX - Drawdown Comparison
The maximum VSPVX drawdown since its inception was -37.05%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VSPVX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VSPVX vs. VIIIX - Volatility Comparison
The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 3.53%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 3.91%. This indicates that VSPVX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.