AWEIX vs. VIIIX
AWEIX (CIBC Atlas Disciplined Equity Fund) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - AWEIX is a Large Cap Blend Equities fund managed by CIBC Private Wealth Management, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, AWEIX returned 13.16%/yr vs 15.74%/yr for VIIIX. With a 0.97 correlation, they move nearly in lockstep. AWEIX charges 0.72%/yr vs 0.02%/yr for VIIIX.
Performance
AWEIX vs. VIIIX - Performance Comparison
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Returns By Period
In the year-to-date period, AWEIX achieves a 4.13% return, which is significantly lower than VIIIX's 11.70% return. Over the past 10 years, AWEIX has underperformed VIIIX with an annualized return of 13.16%, while VIIIX has yielded a comparatively higher 15.74% annualized return.
AWEIX
- 1D
- -0.22%
- 1M
- 3.72%
- YTD
- 4.13%
- 6M
- 4.23%
- 1Y
- 16.68%
- 3Y*
- 15.64%
- 5Y*
- 9.08%
- 10Y*
- 13.16%
VIIIX
- 1D
- 0.13%
- 1M
- 5.80%
- YTD
- 11.70%
- 6M
- 11.74%
- 1Y
- 28.99%
- 3Y*
- 23.17%
- 5Y*
- 14.42%
- 10Y*
- 15.74%
AWEIX vs. VIIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWEIX CIBC Atlas Disciplined Equity Fund | 4.13% | 11.55% | 19.26% | 20.74% | -18.97% | 25.71% | 19.27% | 30.63% | 0.84% | 20.89% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 11.70% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
Correlation
The correlation between AWEIX and VIIIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2005 | 0.97 |
The correlation between AWEIX and VIIIX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
AWEIX vs. VIIIX — Risk / Return Rank
AWEIX
VIIIX
AWEIX vs. VIIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Atlas Disciplined Equity Fund (AWEIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.
| AWEIX | VIIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.36 | -1.91 |
| Martin ratioReturn relative to average drawdown | 5.50 | 15.69 | -10.19 |
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
| AWEIX | VIIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.52 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.86 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.87 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.50 | +0.05 |
Drawdowns
AWEIX vs. VIIIX - Drawdown Comparison
The maximum AWEIX drawdown since its inception was -51.13%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for AWEIX and VIIIX.
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Drawdown Indicators
| AWEIX | VIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.13% | -55.18% | +4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -8.90% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.64% | -18.75% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.38% | -24.50% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -32.92% | -33.79% | +0.87% |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -10.02% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.90% | +1.24% |
Volatility
AWEIX vs. VIIIX - Volatility Comparison
CIBC Atlas Disciplined Equity Fund (AWEIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) have volatilities of 2.83% and 2.83%, 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.
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Volatility by Period
| AWEIX | VIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.83% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 8.97% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 11.86% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 16.89% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 18.06% | -0.28% |
AWEIX vs. VIIIX - Expense Ratio Comparison
AWEIX has a 0.72% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Dividends
AWEIX vs. VIIIX - Dividend Comparison
AWEIX's dividend yield for the trailing twelve months is around 13.97%, more than VIIIX's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWEIX CIBC Atlas Disciplined Equity Fund | 13.97% | 14.54% | 6.39% | 4.72% | 4.13% | 7.09% | 2.52% | 2.08% | 8.91% | 2.68% | 1.49% | 5.46% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.41% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
Frequently Asked Questions
With a correlation of 0.95, AWEIX and VIIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VIIIX has higher volatility (2.83%) compared to AWEIX (2.83%). In terms of maximum drawdown, AWEIX dropped -51.13% vs VIIIX's -55.18%.
VIIIX currently has the higher Sharpe Ratio (2.52 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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