VSPVX vs. VTV
Compare and contrast key facts about Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) and Vanguard Value ETF (VTV).
VSPVX is managed by Vanguard. It was launched on Mar 3, 2015. VTV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Prime Market Value Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPVX or VTV.
Key characteristics
| VSPVX | VTV | |
|---|---|---|
| YTD Return | 17.52% | 21.06% |
| 1Y Return | 30.09% | 32.50% |
| 3Y Return (Ann) | 11.55% | 9.73% |
| 5Y Return (Ann) | 12.37% | 11.82% |
| 10Y Return (Ann) | 10.63% | 10.66% |
| Sharpe Ratio | 2.93 | 3.16 |
| Sortino Ratio | 4.14 | 4.44 |
| Omega Ratio | 1.54 | 1.58 |
| Calmar Ratio | 5.48 | 5.45 |
| Martin Ratio | 17.59 | 20.53 |
| Ulcer Index | 1.70% | 1.58% |
| Daily Std Dev | 10.17% | 10.27% |
| Max Drawdown | -37.05% | -59.27% |
| Current Drawdown | -0.73% | -0.78% |
Correlation
The correlation between VSPVX and VTV is 0.98, 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. VTV - Performance Comparison
In the year-to-date period, VSPVX achieves a 17.52% return, which is significantly lower than VTV's 21.06% return. Both investments have delivered pretty close results over the past 10 years, with VSPVX having a 10.63% annualized return and VTV not far ahead at 10.66%. 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. VTV - Expense Ratio Comparison
VSPVX has a 0.08% expense ratio, which is higher than VTV'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%.
Risk-Adjusted Performance
VSPVX vs. VTV - 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 Value ETF (VTV). 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. VTV - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.94%, less than VTV's 2.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPVX Vanguard S&P 500 Value Index Fund Institutional Shares | 1.94% | 1.71% | 2.21% | 1.88% | 2.46% | 2.11% | 2.73% | 2.18% | 2.30% | 2.47% | 0.00% | 0.00% |
VTV Vanguard Value ETF | 2.23% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% | 2.22% | 2.21% |
Drawdowns
VSPVX vs. VTV - Drawdown Comparison
The maximum VSPVX drawdown since its inception was -37.05%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VSPVX and VTV. For additional features, visit the drawdowns tool.
Volatility
VSPVX vs. VTV - Volatility Comparison
The current volatility for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is 3.44%, while Vanguard Value ETF (VTV) has a volatility of 3.69%. This indicates that VSPVX experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.