VWETX vs. SPY
Compare and contrast key facts about Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and SPDR S&P 500 ETF (SPY).
VWETX is managed by Vanguard. It was launched on Feb 12, 2001. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWETX or SPY.
Key characteristics
| VWETX | SPY | |
|---|---|---|
| YTD Return | -0.56% | 26.77% |
| 1Y Return | 12.26% | 37.43% |
| 3Y Return (Ann) | -7.34% | 10.15% |
| 5Y Return (Ann) | -3.04% | 15.86% |
| 10Y Return (Ann) | 1.03% | 13.33% |
| Sharpe Ratio | 1.10 | 3.06 |
| Sortino Ratio | 1.62 | 4.08 |
| Omega Ratio | 1.19 | 1.58 |
| Calmar Ratio | 0.35 | 4.44 |
| Martin Ratio | 3.36 | 20.11 |
| Ulcer Index | 3.60% | 1.85% |
| Daily Std Dev | 11.03% | 12.18% |
| Max Drawdown | -38.99% | -55.19% |
| Current Drawdown | -26.29% | -0.31% |
Correlation
The correlation between VWETX and SPY is -0.19. 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.
Performance
VWETX vs. SPY - Performance Comparison
In the year-to-date period, VWETX achieves a -0.56% return, which is significantly lower than SPY's 26.77% return. Over the past 10 years, VWETX has underperformed SPY with an annualized return of 1.03%, while SPY has yielded a comparatively higher 13.33% annualized return. 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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VWETX vs. SPY - Expense Ratio Comparison
VWETX has a 0.12% expense ratio, which is higher than SPY's 0.09% 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
VWETX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) 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
VWETX vs. SPY - Dividend Comparison
VWETX's dividend yield for the trailing twelve months is around 4.95%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 4.95% | 4.66% | 4.54% | 3.23% | 3.27% | 3.75% | 4.43% | 4.08% | 4.46% | 4.61% | 4.46% | 5.13% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VWETX vs. SPY - Drawdown Comparison
The maximum VWETX drawdown since its inception was -38.99%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VWETX and SPY. For additional features, visit the drawdowns tool.
Volatility
VWETX vs. SPY - Volatility Comparison
Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.78% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.