VTV vs. SPY
Compare and contrast key facts about Vanguard Value ETF (VTV) and SPDR S&P 500 ETF (SPY).
VTV and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both VTV and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTV or SPY.
Performance
VTV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VTV achieves a 20.27% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, VTV has underperformed SPY with an annualized return of 10.45%, while SPY has yielded a comparatively higher 13.07% annualized return.
VTV
20.27%
0.28%
10.01%
28.13%
11.51%
10.45%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| VTV | SPY | |
|---|---|---|
| Sharpe Ratio | 2.76 | 2.62 |
| Sortino Ratio | 3.88 | 3.50 |
| Omega Ratio | 1.50 | 1.49 |
| Calmar Ratio | 5.51 | 3.78 |
| Martin Ratio | 17.61 | 17.00 |
| Ulcer Index | 1.59% | 1.87% |
| Daily Std Dev | 10.17% | 12.14% |
| Max Drawdown | -59.27% | -55.19% |
| Current Drawdown | -1.42% | -1.38% |
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VTV vs. SPY - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VTV and SPY 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.
Risk-Adjusted Performance
VTV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and SPDR S&P 500 ETF (SPY). 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
VTV vs. SPY - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 2.25%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 2.25% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% | 2.22% | 2.21% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VTV vs. SPY - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VTV and SPY. For additional features, visit the drawdowns tool.
Volatility
VTV vs. SPY - Volatility Comparison
The current volatility for Vanguard Value ETF (VTV) is 3.58%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.