BSV vs SPY

Comparison between VANGUARD SHORT-TERM BOND INDEX FUND ETF SHARES (BSV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BSV, delivering a return of +13.3% compared to +1.7%

BSV vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BSV(ETF)	SPY(ETF)
Net Assets	$70B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	11.08%	56.47%
Sharpe Ratio	0.10	2.07
5Y Beta	-0.00	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	20.43%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

BSV

$70B

Winner

SPY

$652B

Expense Ratio

Winner

BSV

0.03%

SPY

0.09%

Max Drawdown

Winner

BSV

11.08%

SPY

56.47%

Sharpe Ratio

BSV

0.10

Winner

SPY

2.07

5Y Beta

Winner

BSV

-0.00

SPY

1.00

P/E Ratio

BSV

N/A

SPY

28.24

Forward P/E

BSV

N/A

SPY

21.85

5Y Dividends CAGR

Winner

BSV

20.43%

SPY

5.43%

5Y EPS CAGR

BSV

N/A

SPY

25.79%

Debt to Equity

BSV

N/A

SPY

22.35%

P/S Ratio

BSV

N/A

SPY

3.55

P/B Ratio

BSV

N/A

SPY

5.29

BSV vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BSV	SPY
1 month	+0.17%	+9.11%
3 months	+0.09%	+6.59%
6 months	+1.12%	+10.56%
1 year	+4.12%	+32.04%
5 years(CAGR)	+1.67%	+13.35%
10 years(CAGR)	+1.97%	+15.49%
Max(CAGR)	+2.55%	+8.50%

BSV

+0.17%

Winner

SPY

+9.11%

BSV

+0.09%

Winner

SPY

+6.59%

BSV

+1.12%

Winner

SPY

+10.56%

BSV

+4.12%

Winner

SPY

+32.04%

5Y(CAGR)

BSV

+1.67%

Winner

SPY

+13.35%

10Y(CAGR)

BSV

+1.97%

Winner

SPY

+15.49%

Max(CAGR)

BSV

+2.55%

Winner

SPY

+8.50%

BSV vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BSV	SPY
2026	+0.49%	+8.27%
2025	+6.01%	+18.00%
2024	+4.02%	+25.59%
2023	+4.77%	+26.72%
2022	-5.31%	-18.64%
2021	-1.08%	+30.52%
2020	+4.62%	+17.28%
2019	+4.89%	+31.09%
2018	+1.40%	-5.24%
2017	+1.19%	+20.78%
2016	+1.29%	+13.59%
2015	+0.92%	+1.31%
2014	+1.25%	+14.56%
2013	+0.17%	+29.00%
2012	+2.03%	+14.17%
2011	+3.00%	+0.85%
2010	+3.80%	+13.14%
2009	+3.41%	+22.67%
2008	+8.02%	-36.25%
2007	+5.84%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BSV vs SPY Drawdown Comparison

The maximum drawdown for BSV was -8.54%, occurring on Oct 20, 2022. Recovery took 750 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BSV drawdown is -0.44%.

Rank	BSV	SPY
#1	-8.54% Aug 3, 2021 - Jul 29, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-7.01% Sep 15, 2008 - Nov 20, 2008	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-4.65% Mar 6, 2020 - Apr 9, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-2.74% Jan 14, 2009 - Jul 9, 2009	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-2.27% Mar 19, 2008 - Sep 4, 2008	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-1.79% Sep 7, 2017 - Dec 17, 2018	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-1.71% Jul 29, 2016 - Jun 6, 2017	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-1.68% Dec 31, 2008 - Jan 14, 2009	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.67% Nov 4, 2010 - May 9, 2011	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.53% Sep 24, 2024 - Feb 24, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.47% May 2, 2013 - Nov 29, 2013	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.29% Feb 27, 2026 - Mar 26, 2026	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.02% Oct 14, 2015 - Feb 2, 2016	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.97% Apr 30, 2025 - Jun 23, 2025	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.96% Dec 10, 2008 - Dec 16, 2008	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BSV and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (1999 - 2026)

BSV vs SPY dividend yield comparison.

Year	BSV	SPY
2026	1.32%	0.24%
2025	3.83%	1.07%
2024	3.38%	1.21%
2023	2.46%	1.40%
2022	1.50%	1.65%
2021	1.45%	1.20%
2020	1.79%	1.52%
2019	2.29%	1.75%
2018	1.99%	2.04%
2017	1.65%	1.80%
2016	1.48%	2.03%
2015	1.40%	2.06%
2014	1.24%	1.87%
2013	1.48%	1.81%
2012	1.83%	2.18%
2011	2.44%	2.05%
2010	2.68%	1.80%
2009	2.98%	1.95%
2008	3.58%	3.02%
2007	2.92%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%