VWESX vs. SPYG
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).
VWESX is managed by Vanguard. It was launched on Jul 9, 1973. 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
VWESX vs. SPYG - Performance Comparison
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VWESX vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | -1.27% | 7.20% | -2.75% | 9.30% | -25.62% | -3.14% | 15.39% | 20.44% | -6.26% | 11.96% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | -6.91% | 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, VWESX achieves a -1.27% return, which is significantly higher than SPYG's -6.91% return. Over the past 10 years, VWESX has underperformed SPYG with an annualized return of 1.75%, while SPYG has yielded a comparatively higher 15.90% annualized return.
VWESX
- 1D
- 0.40%
- 1M
- -2.97%
- YTD
- -1.27%
- 6M
- -1.84%
- 1Y
- 2.49%
- 3Y*
- 2.11%
- 5Y*
- -2.27%
- 10Y*
- 1.75%
SPYG
- 1D
- 1.32%
- 1M
- -4.24%
- YTD
- -6.91%
- 6M
- -5.21%
- 1Y
- 23.24%
- 3Y*
- 22.39%
- 5Y*
- 12.53%
- 10Y*
- 15.90%
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VWESX vs. SPYG - Expense Ratio Comparison
VWESX has a 0.22% 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%.
Return for Risk
VWESX vs. SPYG — Risk / Return Rank
VWESX
SPYG
VWESX vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) 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.
| VWESX | SPYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 1.04 | -0.70 |
Sortino ratioReturn per unit of downside risk | 0.52 | 1.62 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.23 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.75 | -1.04 |
Martin ratioReturn relative to average drawdown | 1.72 | 6.81 | -5.09 |
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
| VWESX | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.04 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.60 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.78 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.32 | +0.23 |
Correlation
The correlation between VWESX and SPYG is -0.16. 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
VWESX vs. SPYG - Dividend Comparison
VWESX's dividend yield for the trailing twelve months is around 4.65%, more than SPYG's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.65% | 4.95% | 5.06% | 4.55% | 4.43% | 4.51% | 6.89% | 5.01% | 4.31% | 5.50% | 6.14% | 7.38% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.57% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Drawdowns
VWESX vs. SPYG - Drawdown Comparison
The maximum VWESX drawdown since its inception was -36.34%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for VWESX and SPYG.
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Drawdown Indicators
| VWESX | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.34% | -67.63% | +31.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -13.76% | +8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -32.67% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.34% | -32.67% | -3.67% |
Current DrawdownCurrent decline from peak | -20.51% | -9.06% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -24.48% | +17.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 3.55% | -1.30% |
Volatility
VWESX vs. SPYG - Volatility Comparison
The current volatility for Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) is 3.42%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 7.32%. This indicates that VWESX 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.
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Volatility by Period
| VWESX | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 7.32% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 5.29% | 12.90% | -7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.97% | 22.42% | -13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 21.13% | -9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.85% | 20.57% | -9.72% |