QDISX vs. VTWAX

Last updated Jun 24, 2026

QDISX (Fisher Investments Institutional Group Stock Fund for Retirement Plans) and VTWAX (Vanguard Total World Stock Index Fund Admiral Shares) are both Global Equities funds. Over the past 5 years, QDISX returned 13.68%/yr vs 11.09%/yr for VTWAX. With a 0.96 correlation, they move nearly in lockstep. QDISX charges 0.00%/yr vs 0.09%/yr for VTWAX.

Performance

QDISX vs. VTWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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 QDISX having a 12.04% return and VTWAX slightly higher at 12.26%.

QDISX

• 1D: -0.05%
• 1M: 2.17%
• YTD: 12.04%
• 6M: 11.57%
• 1Y: 33.54%
• 3Y*: 23.80%
• 5Y*: 13.68%
• 10Y*: —

VTWAX

• 1D: -0.14%
• 1M: 1.56%
• YTD: 12.26%
• 6M: 11.52%
• 1Y: 28.37%
• 3Y*: 20.66%
• 5Y*: 11.09%
• 10Y*: —

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

QDISX vs. VTWAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QDISX Fisher Investments Institutional Group Stock Fund for Retirement Plans	12.04%	25.34%	22.02%	36.03%	-24.15%	20.28%	27.76%	1.00%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	12.26%	22.43%	16.43%	21.85%	-18.02%	18.17%	16.67%	2.14%

Correlation

The correlation between QDISX and VTWAX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019	0.96

The correlation between QDISX and VTWAX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

QDISX vs. VTWAX — Risk / Return Rank

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

QDISX

QDISX Risk / Return Rank: 83
QDISX Sharpe Ratio Rank: 88
QDISX Sortino Ratio Rank: 84
QDISX Omega Ratio Rank: 81
QDISX Calmar Ratio Rank: 80
QDISX Martin Ratio Rank: 82

VTWAX

VTWAX Risk / Return Rank: 69
VTWAX Sharpe Ratio Rank: 71
VTWAX Sortino Ratio Rank: 64
VTWAX Omega Ratio Rank: 66
VTWAX Calmar Ratio Rank: 70
VTWAX Martin Ratio Rank: 76

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.

QDISX vs. VTWAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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.

	QDISX	VTWAX	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.25	+0.43
Sortino ratio: Return per unit of downside risk	3.69	3.06	+0.64
Omega ratio: Gain probability vs. loss probability	1.49	1.41	+0.08
Calmar ratio: Return relative to maximum drawdown	3.47	3.06	+0.41
Martin ratio: Return relative to average drawdown	14.14	13.35	+0.78

QDISX vs. VTWAX - Sharpe Ratio Comparison

The current QDISX Sharpe Ratio is 2.68, which is comparable to the VTWAX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of QDISX and VTWAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDISX vs. VTWAX - Drawdown Comparison

The maximum QDISX drawdown since its inception was -33.97%, roughly equal to the maximum VTWAX drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for QDISX and VTWAX.

Drawdown Indicators

	QDISX	VTWAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-34.20%	+0.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-9.64%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	-16.43%	-2.84%
Max Drawdown (5Y) Largest decline over 5 years	-33.97%	-26.40%	-7.57%
Current Drawdown Current decline from peak	-0.19%	-0.79%	+0.60%
Average Drawdown Average peak-to-trough decline	-6.96%	-5.28%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.21%	+0.23%

Volatility

QDISX vs. VTWAX - Volatility Comparison

The current volatility for Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX) is 4.32%, while Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) has a volatility of 5.16%. This indicates that QDISX experiences smaller price fluctuations and is considered to be less risky than VTWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDISX	VTWAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	5.16%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	10.81%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.95%	13.14%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	15.84%	+2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.12%	18.22%	+2.90%

QDISX vs. VTWAX - Expense Ratio Comparison

QDISX has a 0.00% expense ratio, which is lower than VTWAX's 0.09% 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

QDISX vs. VTWAX - Dividend Comparison

QDISX's dividend yield for the trailing twelve months is around 11.31%, more than VTWAX's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
QDISX Fisher Investments Institutional Group Stock Fund for Retirement Plans	11.31%	12.68%	4.04%	5.53%	1.88%	1.14%	1.19%	0.00%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	1.55%	1.80%	1.92%	2.06%	2.17%	1.79%	1.64%	2.28%

Frequently Asked Questions

Can I hold both QDISX and VTWAX in my portfolio?

With a correlation of 0.93, QDISX and VTWAX 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.

Which is riskier, QDISX or VTWAX?

VTWAX has higher volatility (5.16%) compared to QDISX (4.32%). In terms of maximum drawdown, QDISX dropped -33.97% vs VTWAX's -34.20%.

Which has better risk-adjusted returns?

QDISX currently has the higher Sharpe Ratio (2.68 vs 2.25), 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.