NINDX vs. VSIAX

Last updated Jun 3, 2026

NINDX (Columbia Large Cap Index Fund) and VSIAX (Vanguard Small-Cap Value Index Fund Admiral Shares) are both mutual funds - NINDX is a Large Cap Blend Equities fund managed by Columbia, while VSIAX is a Small Cap Value Equities fund managed by Vanguard. Over the past 10 years, NINDX returned 15.41%/yr vs 10.56%/yr for VSIAX. Their correlation of 0.83 suggests significant overlap in exposure. NINDX charges 0.20%/yr vs 0.07%/yr for VSIAX.

Performance

NINDX vs. VSIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Large Cap Index Fund (NINDX) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NINDX having a 11.49% return and VSIAX slightly higher at 12.06%. Over the past 10 years, NINDX has outperformed VSIAX with an annualized return of 15.41%, while VSIAX has yielded a comparatively lower 10.56% annualized return.

NINDX

• 1D: 0.27%
• 1M: 5.22%
• YTD: 11.49%
• 6M: 11.98%
• 1Y: 29.30%
• 3Y*: 22.49%
• 5Y*: 14.04%
• 10Y*: 15.41%

VSIAX

• 1D: 0.86%
• 1M: 2.83%
• YTD: 12.06%
• 6M: 12.39%
• 1Y: 26.25%
• 3Y*: 16.60%
• 5Y*: 8.06%
• 10Y*: 10.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NINDX vs. VSIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NINDX Columbia Large Cap Index Fund	11.49%	17.56%	24.83%	26.09%	-18.11%	28.62%	18.10%	31.36%	-4.85%	21.23%
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares	12.06%	9.09%	11.34%	17.06%	-9.31%	28.10%	5.80%	22.76%	-12.24%	11.80%

Correlation

The correlation between NINDX and VSIAX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 28, 2011	0.83

The correlation between NINDX and VSIAX shifts across timeframes, from 0.69 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NINDX vs. VSIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NINDX

NINDX Risk / Return Rank: 73
NINDX Sharpe Ratio Rank: 75
NINDX Sortino Ratio Rank: 67
NINDX Omega Ratio Rank: 67
NINDX Calmar Ratio Rank: 73
NINDX Martin Ratio Rank: 83

VSIAX

VSIAX Risk / Return Rank: 48
VSIAX Sharpe Ratio Rank: 40
VSIAX Sortino Ratio Rank: 41
VSIAX Omega Ratio Rank: 36
VSIAX Calmar Ratio Rank: 67
VSIAX Martin Ratio Rank: 56

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.

NINDX vs. VSIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Large Cap Index Fund (NINDX) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). 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.

	NINDX	VSIAX	Difference
Sharpe ratio Return per unit of total volatility	2.52	1.84	+0.68
Sortino ratio Return per unit of downside risk	3.43	2.70	+0.72
Omega ratio Gain probability vs. loss probability	1.46	1.32	+0.14
Calmar ratio Return relative to maximum drawdown	3.35	3.16	+0.19
Martin ratio Return relative to average drawdown	15.65	11.18	+4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NINDX vs. VSIAX - Sharpe Ratio Comparison

The current NINDX Sharpe Ratio is 2.52, which is higher than the VSIAX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of NINDX and VSIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NINDX	VSIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.84	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.41	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.47	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.59	+0.05

Drawdowns

NINDX vs. VSIAX - Drawdown Comparison

The maximum NINDX drawdown since its inception was -55.32%, which is greater than VSIAX's maximum drawdown of -45.39%. Use the drawdown chart below to compare losses from any high point for NINDX and VSIAX.

Drawdown Indicators

	NINDX	VSIAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.32%	-45.39%	-9.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-8.87%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.78%	-24.09%	+5.31%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-24.09%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	-33.82%	-45.39%	+11.57%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.77%	-5.50%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.50%	-0.59%

Volatility

NINDX vs. VSIAX - Volatility Comparison

The current volatility for Columbia Large Cap Index Fund (NINDX) is 2.83%, while Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) has a volatility of 4.09%. This indicates that NINDX experiences smaller price fluctuations and is considered to be less risky than VSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NINDX	VSIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	4.09%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	10.43%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	15.19%	-3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	19.77%	-2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	22.46%	-4.39%

NINDX vs. VSIAX - Expense Ratio Comparison

NINDX has a 0.20% expense ratio, which is higher than VSIAX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NINDX vs. VSIAX - Dividend Comparison

NINDX's dividend yield for the trailing twelve months is around 24.35%, more than VSIAX's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NINDX Columbia Large Cap Index Fund	24.35%	27.15%	8.71%	8.82%	13.23%	16.96%	7.23%	9.84%	9.43%	4.21%	2.24%	2.69%
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares	1.75%	1.95%	1.98%	2.10%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Frequently Asked Questions

Can I hold both NINDX and VSIAX in my portfolio?

NINDX and VSIAX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NINDX or VSIAX?

VSIAX has higher volatility (4.09%) compared to NINDX (2.83%). In terms of maximum drawdown, NINDX dropped -55.32% vs VSIAX's -45.39%.

Which has better risk-adjusted returns?

NINDX currently has the higher Sharpe Ratio (2.52 vs 1.84), 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.