SRFMX vs. VITPX

Last updated Jun 4, 2026

SRFMX (Sarofim Equity Fund) and VITPX (Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares) are both Large Cap Blend Equities funds. Over the past 10 years, SRFMX returned 12.92%/yr vs 15.19%/yr for VITPX. Their correlation of 0.94 suggests significant overlap in exposure. SRFMX charges 0.70%/yr vs 0.02%/yr for VITPX.

Performance

SRFMX vs. VITPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sarofim Equity Fund (SRFMX) and Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRFMX achieves a 3.77% return, which is significantly lower than VITPX's 11.99% return. Over the past 10 years, SRFMX has underperformed VITPX with an annualized return of 12.92%, while VITPX has yielded a comparatively higher 15.19% annualized return.

SRFMX

• 1D: -0.57%
• 1M: 2.16%
• YTD: 3.77%
• 6M: 3.92%
• 1Y: 12.01%
• 3Y*: 13.04%
• 5Y*: 8.27%
• 10Y*: 12.92%

VITPX

• 1D: 0.24%
• 1M: 5.76%
• YTD: 11.99%
• 6M: 11.89%
• 1Y: 29.15%
• 3Y*: 22.92%
• 5Y*: 13.38%
• 10Y*: 15.19%

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

SRFMX vs. VITPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRFMX Sarofim Equity Fund	3.77%	11.35%	13.67%	21.41%	-19.20%	27.72%	24.38%	35.64%	-6.98%	25.90%
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares	11.99%	17.17%	25.43%	26.01%	-19.48%	25.76%	20.95%	30.87%	-5.59%	20.51%

Correlation

The correlation between SRFMX and VITPX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.94

The correlation between SRFMX and VITPX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

SRFMX vs. VITPX — Risk / Return Rank

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

SRFMX

SRFMX Risk / Return Rank: 13
SRFMX Sharpe Ratio Rank: 14
SRFMX Sortino Ratio Rank: 13
SRFMX Omega Ratio Rank: 13
SRFMX Calmar Ratio Rank: 11
SRFMX Martin Ratio Rank: 14

VITPX

VITPX Risk / Return Rank: 72
VITPX Sharpe Ratio Rank: 73
VITPX Sortino Ratio Rank: 65
VITPX Omega Ratio Rank: 64
VITPX Calmar Ratio Rank: 74
VITPX Martin Ratio Rank: 82

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.

SRFMX vs. VITPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sarofim Equity Fund (SRFMX) and Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX). 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.

	SRFMX	VITPX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	2.47	-1.44
Sortino ratio: Return per unit of downside risk	1.49	3.37	-1.88
Omega ratio: Gain probability vs. loss probability	1.19	1.44	-0.26
Calmar ratio: Return relative to maximum drawdown	1.02	3.38	-2.36
Martin ratio: Return relative to average drawdown	3.93	15.60	-11.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRFMX vs. VITPX - Sharpe Ratio Comparison

The current SRFMX Sharpe Ratio is 1.03, which is lower than the VITPX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of SRFMX and VITPX, 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

	SRFMX	VITPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	2.47	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.78	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.83	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.51	+0.07

Drawdowns

SRFMX vs. VITPX - Drawdown Comparison

The maximum SRFMX drawdown since its inception was -32.46%, smaller than the maximum VITPX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for SRFMX and VITPX.

Drawdown Indicators

	SRFMX	VITPX	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-55.28%	+22.82%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-8.92%	-3.13%
Max Drawdown (3Y) Largest decline over 3 years	-16.95%	-19.35%	+2.40%
Max Drawdown (5Y) Largest decline over 5 years	-27.63%	-25.31%	-2.32%
Max Drawdown (10Y) Largest decline over 10 years	-32.46%	-34.99%	+2.53%
Current Drawdown Current decline from peak	-0.97%	0.00%	-0.97%
Average Drawdown Average peak-to-trough decline	-5.89%	-8.02%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	1.93%	+1.19%

Volatility

SRFMX vs. VITPX - Volatility Comparison

The current volatility for Sarofim Equity Fund (SRFMX) is 2.68%, while Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares (VITPX) has a volatility of 2.94%. This indicates that SRFMX experiences smaller price fluctuations and is considered to be less risky than VITPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRFMX	VITPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.94%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	9.19%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	12.19%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	17.35%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	18.41%	+0.20%

SRFMX vs. VITPX - Expense Ratio Comparison

SRFMX has a 0.70% expense ratio, which is higher than VITPX's 0.02% expense ratio.

Dividends

SRFMX vs. VITPX - Dividend Comparison

SRFMX's dividend yield for the trailing twelve months is around 30.87%, more than VITPX's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SRFMX Sarofim Equity Fund	30.87%	31.88%	18.62%	11.14%	8.76%	8.36%	7.36%	5.03%	7.42%	5.41%	1.68%	0.00%
VITPX Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares	2.24%	2.64%	4.14%	2.41%	6.48%	5.38%	11.57%	2.91%	3.93%	1.90%	2.80%	2.30%

Frequently Asked Questions

Can I hold both SRFMX and VITPX in my portfolio?

With a correlation of 0.92, SRFMX and VITPX 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, SRFMX or VITPX?

VITPX has higher volatility (2.94%) compared to SRFMX (2.68%). In terms of maximum drawdown, SRFMX dropped -32.46% vs VITPX's -55.28%.

Which has better risk-adjusted returns?

VITPX currently has the higher Sharpe Ratio (2.47 vs 1.03), 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.