BIRIX vs. VIIIX
BIRIX (BlackRock Sustainable Advantage Large Cap Core Fund) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - BIRIX is a Large Cap Blend Equities fund managed by BlackRock, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, BIRIX returned 15.53%/yr vs 15.65%/yr for VIIIX. With a 0.98 correlation, they move nearly in lockstep. BIRIX charges 0.48%/yr vs 0.02%/yr for VIIIX.
Performance
BIRIX vs. VIIIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BIRIX achieves a 12.54% return, which is significantly higher than VIIIX's 10.88% return. Both investments have delivered pretty close results over the past 10 years, with BIRIX having a 15.53% annualized return and VIIIX not far ahead at 15.65%.
BIRIX
- 1D
- -0.67%
- 1M
- 4.85%
- YTD
- 12.54%
- 6M
- 12.56%
- 1Y
- 31.40%
- 3Y*
- 22.45%
- 5Y*
- 12.95%
- 10Y*
- 15.53%
VIIIX
- 1D
- -0.74%
- 1M
- 4.17%
- YTD
- 10.88%
- 6M
- 10.80%
- 1Y
- 28.02%
- 3Y*
- 22.87%
- 5Y*
- 14.05%
- 10Y*
- 15.65%
BIRIX vs. VIIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 12.54% | 18.97% | 21.83% | 25.55% | -19.73% | 28.16% | 22.41% | 31.19% | -5.94% | 20.95% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 10.88% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
Correlation
The correlation between BIRIX and VIIIX is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.98 |
The correlation between BIRIX and VIIIX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BIRIX vs. VIIIX — Risk / Return Rank
BIRIX
VIIIX
BIRIX vs. VIIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) 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.
| BIRIX | VIIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 3.17 | +0.58 |
| Martin ratioReturn relative to average drawdown | 17.87 | 14.79 | +3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BIRIX | VIIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.37 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.84 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.87 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.49 | +0.32 |
Drawdowns
BIRIX vs. VIIIX - Drawdown Comparison
The maximum BIRIX drawdown since its inception was -34.67%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for BIRIX and VIIIX.
Loading charts...
Drawdown Indicators
| BIRIX | VIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -55.18% | +20.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -8.90% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.97% | -18.75% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -24.50% | -1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | -33.79% | -0.88% |
Current DrawdownCurrent decline from peak | -0.67% | -0.74% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -10.02% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.90% | -0.13% |
Volatility
BIRIX vs. VIIIX - Volatility Comparison
BlackRock Sustainable Advantage Large Cap Core Fund (BIRIX) has a higher volatility of 3.12% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 2.93%. This indicates that BIRIX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BIRIX | VIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 2.93% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 8.99% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 11.88% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 16.89% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 18.06% | +0.99% |
BIRIX vs. VIIIX - Expense Ratio Comparison
BIRIX has a 0.48% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Dividends
BIRIX vs. VIIIX - Dividend Comparison
BIRIX's dividend yield for the trailing twelve months is around 5.79%, more than VIIIX's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRIX BlackRock Sustainable Advantage Large Cap Core Fund | 5.79% | 6.51% | 15.58% | 1.01% | 1.22% | 5.79% | 3.69% | 2.95% | 8.26% | 4.89% | 2.78% | 0.00% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.43% | 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 0.99, BIRIX 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.
BIRIX has higher volatility (3.12%) compared to VIIIX (2.93%). In terms of maximum drawdown, BIRIX dropped -34.67% vs VIIIX's -55.18%.
BIRIX currently has the higher Sharpe Ratio (2.60 vs 2.37), 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.
Find the right allocation for BIRIX and VIIIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer