VGLT vs SPY

Comparison between VANGUARD LONG-TERM TREASURY INDEX FUND ETF SHARES (VGLT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VGLT, delivering a return of +13.3% compared to -5.1%

VGLT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGLT(ETF)	SPY(ETF)
Net Assets	$14B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	50.44%	56.47%
Sharpe Ratio	-0.02	2.07
5Y Beta	0.05	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	6.61%	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

VGLT

$14B

Winner

SPY

$652B

Expense Ratio

Winner

VGLT

0.03%

SPY

0.09%

Max Drawdown

Winner

VGLT

50.44%

SPY

56.47%

Sharpe Ratio

VGLT

-0.02

Winner

SPY

2.07

5Y Beta

Winner

VGLT

0.05

SPY

1.00

P/E Ratio

VGLT

N/A

SPY

28.24

Forward P/E

VGLT

N/A

SPY

21.85

5Y Dividends CAGR

Winner

VGLT

6.61%

SPY

5.43%

5Y EPS CAGR

VGLT

N/A

SPY

25.79%

Debt to Equity

VGLT

N/A

SPY

22.35%

P/S Ratio

VGLT

N/A

SPY

3.55

P/B Ratio

VGLT

N/A

SPY

5.29

VGLT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VGLT	SPY
1 month	-0.48%	+9.11%
3 months	-0.54%	+6.59%
6 months	-1.23%	+10.56%
1 year	+4.12%	+32.04%
5 years(CAGR)	-5.11%	+13.35%
10 years(CAGR)	-0.87%	+15.49%
Max(CAGR)	+2.52%	+8.50%

VGLT

-0.48%

Winner

SPY

+9.11%

VGLT

-0.54%

Winner

SPY

+6.59%

VGLT

-1.23%

Winner

SPY

+10.56%

VGLT

+4.12%

Winner

SPY

+32.04%

5Y(CAGR)

VGLT

-5.11%

Winner

SPY

+13.35%

10Y(CAGR)

VGLT

-0.87%

Winner

SPY

+15.49%

Max(CAGR)

VGLT

+2.52%

Winner

SPY

+8.50%

VGLT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VGLT	SPY
2026	+0.30%	+8.27%
2025	+5.23%	+18.00%
2024	-5.80%	+25.59%
2023	+1.50%	+26.72%
2022	-27.68%	-18.64%
2021	-4.91%	+30.52%
2020	+16.54%	+17.28%
2019	+13.62%	+31.09%
2018	-0.48%	-5.24%
2017	+8.37%	+20.78%
2016	-0.08%	+13.59%
2015	-1.81%	+1.31%
2014	+24.41%	+14.56%
2013	-11.50%	+29.00%
2012	+4.55%	+14.17%
2011	+29.34%	+0.85%
2010	+8.97%	+13.14%
2009	-4.16%	+22.67%
2008	N/A	-36.25%
2007	N/A	+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%

VGLT vs SPY Drawdown Comparison

The maximum drawdown for VGLT was -46.17%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

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

The current VGLT drawdown is -36.52%.

Rank	VGLT	SPY
#1	-46.17% Aug 4, 2020 - Oct 19, 2023	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-17.79% Jul 25, 2012 - Oct 15, 2014	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-16.92% Jul 8, 2016 - Jun 3, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-14.21% Mar 9, 2020 - Aug 4, 2020	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-13.98% Aug 31, 2010 - Aug 4, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-13.80% Jan 30, 2015 - Feb 11, 2016	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-9.07% Oct 3, 2011 - Dec 19, 2011	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-8.89% Dec 19, 2011 - May 16, 2012	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-7.97% Aug 28, 2019 - Feb 20, 2020	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.69% Nov 27, 2009 - May 6, 2010	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.57% Feb 11, 2016 - Jun 3, 2016	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.32% Sep 22, 2011 - Oct 3, 2011	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.16% Aug 10, 2011 - Aug 18, 2011	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.59% Aug 19, 2011 - Sep 2, 2011	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.55% Jun 1, 2012 - Jul 20, 2012	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VGLT and SPY is 0.34 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.34

-101

Dividend Comparison (1999 - 2026)

VGLT vs SPY dividend yield comparison.

Year	VGLT	SPY
2026	1.52%	0.24%
2025	4.44%	1.07%
2024	4.33%	1.21%
2023	3.33%	1.40%
2022	2.84%	1.65%
2021	1.82%	1.20%
2020	2.15%	1.52%
2019	2.46%	1.75%
2018	2.71%	2.04%
2017	2.55%	1.80%
2016	2.69%	2.03%
2015	3.21%	2.06%
2014	2.75%	1.87%
2013	3.19%	1.81%
2012	3.02%	2.18%
2011	3.10%	2.05%
2010	3.72%	1.80%
2009	0.46%	1.95%
2008	0.00%	3.02%
2007	0.00%	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%