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.
Performance
VSPVX vs. VTV - Performance Comparison
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VSPVX vs. VTV - 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% |
VTV Vanguard Value ETF | 3.54% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Returns By Period
In the year-to-date period, VSPVX achieves a 0.02% return, which is significantly lower than VTV's 3.54% return. Both investments have delivered pretty close results over the past 10 years, with VSPVX having a 11.31% annualized return and VTV not far ahead at 11.83%.
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%
VTV
- 1D
- 0.24%
- 1M
- -4.38%
- YTD
- 3.54%
- 6M
- 6.37%
- 1Y
- 16.56%
- 3Y*
- 15.18%
- 5Y*
- 10.91%
- 10Y*
- 11.83%
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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%.
Return for Risk
VSPVX vs. VTV — Risk / Return Rank
VSPVX
VTV
VSPVX vs. VTV - 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 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.
| VSPVX | VTV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.12 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.61 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.44 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.43 | 6.48 | -1.05 |
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 | VTV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.12 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.79 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.71 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.49 | +0.10 |
Correlation
The correlation between VSPVX and VTV is 0.97, 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. VTV - Dividend Comparison
VSPVX's dividend yield for the trailing twelve months is around 1.82%, less than VTV's 2.02% 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% |
VTV Vanguard Value ETF | 2.02% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
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.
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Drawdown Indicators
| VSPVX | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.05% | -59.27% | +22.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -11.32% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -17.04% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -36.78% | -0.27% |
Current DrawdownCurrent decline from peak | -4.58% | -4.58% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -7.92% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.51% | +0.05% |
Volatility
VSPVX vs. VTV - Volatility Comparison
Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) has a higher volatility of 3.84% compared to Vanguard Value ETF (VTV) at 3.65%. This indicates that VSPVX's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSPVX | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.65% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 7.71% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 14.89% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 13.88% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 16.67% | +0.42% |