NYVTX vs. VIIIX

Last updated Jun 4, 2026

NYVTX (Davis New York Venture Fund) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - NYVTX is a Large Cap Blend Equities fund managed by Davis Funds, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, NYVTX returned 13.08%/yr vs 15.74%/yr for VIIIX. Their correlation of 0.92 suggests significant overlap in exposure. NYVTX charges 0.89%/yr vs 0.02%/yr for VIIIX.

Performance

NYVTX vs. VIIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis New York Venture Fund (NYVTX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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 NYVTX having a 11.17% return and VIIIX slightly higher at 11.70%. Over the past 10 years, NYVTX has underperformed VIIIX with an annualized return of 13.08%, while VIIIX has yielded a comparatively higher 15.74% annualized return.

NYVTX

• 1D: 0.22%
• 1M: 2.39%
• YTD: 11.17%
• 6M: 14.19%
• 1Y: 33.52%
• 3Y*: 24.05%
• 5Y*: 10.43%
• 10Y*: 13.08%

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%

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

NYVTX vs. VIIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NYVTX Davis New York Venture Fund	11.17%	26.83%	17.27%	30.14%	-17.54%	12.47%	11.42%	30.99%	-12.99%	22.18%
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 NYVTX and VIIIX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 8, 1997	0.92

The correlation between NYVTX and VIIIX shifts across timeframes, from 0.76 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NYVTX vs. VIIIX — Risk / Return Rank

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

NYVTX

NYVTX Risk / Return Rank: 82
NYVTX Sharpe Ratio Rank: 85
NYVTX Sortino Ratio Rank: 79
NYVTX Omega Ratio Rank: 75
NYVTX Calmar Ratio Rank: 87
NYVTX Martin Ratio Rank: 86

VIIIX

VIIIX Risk / Return Rank: 73
VIIIX Sharpe Ratio Rank: 76
VIIIX Sortino Ratio Rank: 67
VIIIX Omega Ratio Rank: 67
VIIIX Calmar Ratio Rank: 74
VIIIX Martin Ratio Rank: 83

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.

NYVTX vs. VIIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis New York Venture Fund (NYVTX) 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.

	NYVTX	VIIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.52	+0.23
Sortino ratio: Return per unit of downside risk	3.73	3.42	+0.30
Omega ratio: Gain probability vs. loss probability	1.49	1.46	+0.03
Calmar ratio: Return relative to maximum drawdown	4.26	3.36	+0.90
Martin ratio: Return relative to average drawdown	16.47	15.69	+0.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NYVTX vs. VIIIX - Sharpe Ratio Comparison

The current NYVTX Sharpe Ratio is 2.75, which is comparable to the VIIIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of NYVTX and VIIIX, 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

	NYVTX	VIIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.52	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.86	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.87	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.50	0.00

Drawdowns

NYVTX vs. VIIIX - Drawdown Comparison

The maximum NYVTX drawdown since its inception was -58.56%, which is greater than VIIIX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for NYVTX and VIIIX.

Drawdown Indicators

	NYVTX	VIIIX	Difference
Max Drawdown Largest peak-to-trough decline	-58.56%	-55.18%	-3.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.01%	-8.90%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-21.77%	-18.75%	-3.02%
Max Drawdown (5Y) Largest decline over 5 years	-32.17%	-24.50%	-7.67%
Max Drawdown (10Y) Largest decline over 10 years	-36.98%	-33.79%	-3.19%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-10.17%	-10.02%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.90%	+0.17%

Volatility

NYVTX vs. VIIIX - Volatility Comparison

The current volatility for Davis New York Venture Fund (NYVTX) is 2.68%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 2.83%. This indicates that NYVTX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NYVTX	VIIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.83%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	8.97%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	11.86%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.78%	16.89%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.04%	18.06%	+1.98%

NYVTX vs. VIIIX - Expense Ratio Comparison

NYVTX has a 0.89% expense ratio, which is higher than VIIIX's 0.02% expense ratio.

Dividends

NYVTX vs. VIIIX - Dividend Comparison

NYVTX's dividend yield for the trailing twelve months is around 10.31%, more than VIIIX's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NYVTX Davis New York Venture Fund	10.31%	11.46%	21.31%	7.92%	7.48%	21.93%	5.88%	7.54%	24.08%	8.32%	12.85%	22.97%
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

Can I hold both NYVTX and VIIIX in my portfolio?

NYVTX and VIIIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NYVTX or VIIIX?

VIIIX has higher volatility (2.83%) compared to NYVTX (2.68%). In terms of maximum drawdown, NYVTX dropped -58.56% vs VIIIX's -55.18%.

Which has better risk-adjusted returns?

NYVTX currently has the higher Sharpe Ratio (2.75 vs 2.52), 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.