VTIFX vs. SPYG

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).

VTIFX is managed by Vanguard. It was launched on May 31, 2013. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.

Performance

VTIFX vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

VTIFX vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTIFX Vanguard Total International Bond Index Fund Institutional Shares	-0.77%	3.02%	3.91%	9.04%	-12.89%	-2.20%	4.59%	7.89%	2.99%	2.43%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	-8.12%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	30.84%	-0.12%	27.24%

Returns By Period

In the year-to-date period, VTIFX achieves a -0.77% return, which is significantly higher than SPYG's -8.12% return. Over the past 10 years, VTIFX has underperformed SPYG with an annualized return of 1.72%, while SPYG has yielded a comparatively higher 15.75% annualized return.

VTIFX

• 1D: 0.28%
• 1M: -2.61%
• YTD: -0.77%
• 6M: -0.26%
• 1Y: 2.39%
• 3Y*: 3.79%
• 5Y*: 0.20%
• 10Y*: 1.72%

SPYG

• 1D: 4.08%
• 1M: -5.34%
• YTD: -8.12%
• 6M: -6.05%
• 1Y: 22.51%
• 3Y*: 21.85%
• 5Y*: 12.24%
• 10Y*: 15.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VTIFX vs. SPYG - Expense Ratio Comparison

VTIFX has a 0.07% expense ratio, which is higher than SPYG'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%.

VTIFX

Vanguard Total International Bond Index Fund Institutional Shares

SPYG

State Street SPDR Portfolio S&P 500 Growth ETF

Return for Risk

VTIFX vs. SPYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTIFX

VTIFX Risk / Return Rank: 34
VTIFX Sharpe Ratio Rank: 37
VTIFX Sortino Ratio Rank: 33
VTIFX Omega Ratio Rank: 28
VTIFX Calmar Ratio Rank: 34
VTIFX Martin Ratio Rank: 37

SPYG

SPYG Risk / Return Rank: 66
SPYG Sharpe Ratio Rank: 61
SPYG Sortino Ratio Rank: 66
SPYG Omega Ratio Rank: 65
SPYG Calmar Ratio Rank: 70
SPYG Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTIFX vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.

	VTIFX	SPYG	Difference
Sharpe ratio Return per unit of total volatility	0.79	1.01	-0.22
Sortino ratio Return per unit of downside risk	1.10	1.58	-0.49
Omega ratio Gain probability vs. loss probability	1.14	1.22	-0.08
Calmar ratio Return relative to maximum drawdown	0.92	1.66	-0.74
Martin ratio Return relative to average drawdown	3.89	6.54	-2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VTIFX vs. SPYG - Sharpe Ratio Comparison

The current VTIFX Sharpe Ratio is 0.79, which is comparable to the SPYG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of VTIFX and SPYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VTIFX	SPYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.01	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.58	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.77	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.31	+0.40

Correlation

The correlation between VTIFX and SPYG is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

VTIFX vs. SPYG - Dividend Comparison

VTIFX's dividend yield for the trailing twelve months is around 4.26%, more than SPYG's 0.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTIFX Vanguard Total International Bond Index Fund Institutional Shares	4.26%	4.40%	4.38%	4.60%	1.52%	3.73%	1.12%	3.42%	3.03%	2.29%	1.84%	1.68%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.58%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Drawdowns

VTIFX vs. SPYG - Drawdown Comparison

The maximum VTIFX drawdown since its inception was -16.07%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for VTIFX and SPYG.

Drawdown Indicators

	VTIFX	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-16.07%	-67.63%	+51.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-13.76%	+10.88%
Max Drawdown (5Y) Largest decline over 5 years	-15.75%	-32.67%	+16.92%
Max Drawdown (10Y) Largest decline over 10 years	-16.07%	-32.67%	+16.60%
Current Drawdown Current decline from peak	-2.61%	-10.24%	+7.63%
Average Drawdown Average peak-to-trough decline	-2.99%	-24.48%	+21.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	3.50%	-2.82%

Volatility

VTIFX vs. SPYG - Volatility Comparison

The current volatility for Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) is 1.41%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 7.20%. This indicates that VTIFX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTIFX	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	7.20%	-5.79%
Volatility (6M) Calculated over the trailing 6-month period	2.03%	12.83%	-10.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.06%	22.39%	-19.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	21.13%	-16.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.57%	20.57%	-17.00%