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IVV vs. VINIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVV vs. VINIX

Last updated Jun 14, 2026

IVV (iShares Core S&P 500 ETF) and VINIX (Vanguard Institutional Index Fund Institutional Shares) are both S&P 500 funds tracking the S&P 500 Index, from iShares and Vanguard respectively. Both are passively managed. Over the past 10 years, IVV returned 15.47%/yr vs 15.50%/yr for VINIX. With a 0.99 correlation, they move nearly in lockstep. IVV charges 0.03%/yr vs 0.04%/yr for VINIX.

Performance

IVV vs. VINIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) and Vanguard Institutional Index Fund Institutional Shares (VINIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVV achieves a 9.08% return, which is significantly higher than VINIX's 8.58% return. Both investments have delivered pretty close results over the past 10 years, with IVV having a 15.47% annualized return and VINIX not far ahead at 15.50%.

IVV

1D
0.55%
1M
-0.85%
YTD
9.08%
6M
9.43%
1Y
25.77%
3Y*
20.95%
5Y*
13.42%
10Y*
15.47%

VINIX

1D
1.75%
1M
-1.31%
YTD
8.58%
6M
8.93%
1Y
25.16%
3Y*
21.46%
5Y*
13.46%
10Y*
15.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVV vs. VINIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVV
iShares Core S&P 500 ETF		9.08%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%
VINIX
Vanguard Institutional Index Fund Institutional Shares		8.58%17.85%26.28%25.77%-18.15%28.67%18.40%31.46%-4.42%21.79%

Correlation

The correlation between IVV and VINIX is 1.00 - 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

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since May 19, 2000

0.99

The correlation between IVV and VINIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

IVV vs. VINIX - Sectors Allocation Comparison

Sectors
IVV
VINIX

Technology

39.0%
35.7%

Financial Services

11.1%
11.6%

Communication Services

10.6%
11.3%

Consumer Cyclical

9.9%
10.2%

Healthcare

8.3%
8.5%

Industrials

7.8%
8.3%

Consumer Defensive

4.5%
4.9%

Energy

3.1%
3.5%

Utilities

2.1%
2.4%

Real Estate

1.8%
1.9%

Basic Materials

1.7%
1.8%

Technology

IVV
39.0%
VINIX
35.7%

Financial Services

IVV
11.1%
VINIX
11.6%

Communication Services

IVV
10.6%
VINIX
11.3%

Consumer Cyclical

IVV
9.9%
VINIX
10.2%

Healthcare

IVV
8.3%
VINIX
8.5%

Industrials

IVV
7.8%
VINIX
8.3%

Consumer Defensive

IVV
4.5%
VINIX
4.9%

Energy

IVV
3.1%
VINIX
3.5%

Utilities

IVV
2.1%
VINIX
2.4%

Real Estate

IVV
1.8%
VINIX
1.9%

Basic Materials

IVV
1.7%
VINIX
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P 500 ETF

Vanguard Institutional Index Fund Institutional Shares

Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. IOOIVV vs. CSPX.L
Often compared with VINIX:
VINIX vs. VOOVINIX vs. VIGIXVINIX vs. JLGMXVINIX vs. VITSXVINIX vs. VTIVINIX vs. VSIAXVINIX vs. VSCIX

Return for Risk

IVV vs. VINIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVV
IVV Risk / Return Rank: 7070
Overall Rank
IVV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6969
Sortino Ratio Rank
IVV Omega Ratio Rank: 7171
Omega Ratio Rank
IVV Calmar Ratio Rank: 6363
Calmar Ratio Rank
IVV Martin Ratio Rank: 7676
Martin Ratio Rank
VINIX
VINIX Risk / Return Rank: 7373
Overall Rank
VINIX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VINIX Sortino Ratio Rank: 6868
Sortino Ratio Rank
VINIX Omega Ratio Rank: 6868
Omega Ratio Rank
VINIX Calmar Ratio Rank: 7373
Calmar Ratio Rank
VINIX Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVV vs. VINIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IVVVINIXDifference
Sharpe ratioReturn per unit of total volatility
2.00
1.97

+0.03

Sortino ratioReturn per unit of downside risk
2.70
2.67

+0.02

Omega ratioGain probability vs. loss probability

1.36

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

2.76

2.74

+0.02

Martin ratioReturn relative to average drawdown

12.43

12.44

-0.01

IVV vs. VINIX - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 2.00, which is comparable to the VINIX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IVV and VINIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IVV vs. VINIX - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, roughly equal to the maximum VINIX drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IVV and VINIX.

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Drawdown Indicators

IVVVINIXDifference

Max Drawdown

Largest peak-to-trough decline

-55.25%

-55.19%

-0.06%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-8.90%

+0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-18.75%

-18.75%

0.00%

Max Drawdown (5Y)

Largest decline over 5 years

-24.53%

-24.51%

-0.02%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

-33.79%

-0.11%

Current Drawdown

Current decline from peak

-2.35%

-2.79%

+0.44%

Average Drawdown

Average peak-to-trough decline

-10.77%

-8.52%

-2.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.95%

+0.02%

Volatility

IVV vs. VINIX - Volatility Comparison

iShares Core S&P 500 ETF (IVV) and Vanguard Institutional Index Fund Institutional Shares (VINIX) have volatilities of 4.37% and 4.43%, 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

IVVVINIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.37%

4.43%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

9.70%

-0.11%

Volatility (1Y)

Calculated over the trailing 1-year period

12.28%

12.37%

-0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.95%

16.96%

-0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.08%

18.09%

-0.01%

IVV vs. VINIX - Expense Ratio Comparison

IVV has a 0.03% expense ratio, which is lower than VINIX's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IVV vs. VINIX - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.08%, less than VINIX's 2.46% yield.

PositionTTM20252024202320222021202020192018201720162015
IVV
iShares Core S&P 500 ETF		1.08%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%
VINIX
Vanguard Institutional Index Fund Institutional Shares		2.46%2.10%3.64%2.65%3.38%4.77%3.06%2.85%2.43%1.82%2.36%2.45%

Frequently Asked Questions

With a correlation of 1.00, IVV and VINIX 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.

VINIX has higher volatility (4.43%) compared to IVV (4.37%). In terms of maximum drawdown, IVV dropped -55.25% vs VINIX's -55.19%.

IVV currently has the higher Sharpe Ratio (2.00 vs 1.97), 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.

Portfolio Optimizer

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