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VEIPX vs. VASIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEIPX vs. VASIX

Last updated Jun 4, 2026

VEIPX (Vanguard Equity Income Fund Investor Shares) and VASIX (Vanguard LifeStrategy Income Fund) are both mutual funds - VEIPX is a Large Cap Value Equities fund managed by Vanguard, while VASIX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, VEIPX returned 11.85%/yr vs 4.08%/yr for VASIX. A 0.67 correlation means they provide meaningful diversification when combined. VEIPX charges 0.28%/yr vs 0.11%/yr for VASIX.

Performance

VEIPX vs. VASIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Equity Income Fund Investor Shares (VEIPX) and Vanguard LifeStrategy Income Fund (VASIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VEIPX achieves a 9.70% return, which is significantly higher than VASIX's 3.14% return. Over the past 10 years, VEIPX has outperformed VASIX with an annualized return of 11.85%, while VASIX has yielded a comparatively lower 4.08% annualized return.

VEIPX

1D
0.79%
1M
2.94%
YTD
9.70%
6M
9.81%
1Y
23.43%
3Y*
17.52%
5Y*
11.01%
10Y*
11.85%

VASIX

1D
0.12%
1M
1.70%
YTD
3.14%
6M
3.21%
1Y
9.53%
3Y*
8.20%
5Y*
2.94%
10Y*
4.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEIPX vs. VASIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEIPX
Vanguard Equity Income Fund Investor Shares		9.70%17.14%14.80%7.66%-0.16%25.41%2.97%25.21%-5.75%17.60%
VASIX
Vanguard LifeStrategy Income Fund		3.14%9.42%6.67%9.63%-13.94%1.92%9.13%12.05%-1.05%6.05%

Correlation

The correlation between VEIPX and VASIX is 0.58, 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

0.58

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

0.52

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

0.49

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

0.49

Correlation (All Time)
Calculated using the full available price history since Oct 3, 1994

0.67

The correlation between VEIPX and VASIX shifts across timeframes, from 0.49 (5 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

VEIPX vs. VASIX - Sectors Allocation Comparison

Sectors
VEIPX
VASIX

Financial Services

20.5%
16.1%

Healthcare

14.8%
8.3%

Technology

13.0%
27.3%

Industrials

10.6%
12.4%

Consumer Defensive

9.4%
4.8%

Energy

8.3%
4.3%

Utilities

7.0%
2.7%

Consumer Cyclical

6.0%
9.4%

Basic Materials

3.4%
4.3%

Communication Services

2.9%
8.0%

Real Estate

1.9%
2.5%

Financial Services

VEIPX
20.5%
VASIX
16.1%

Healthcare

VEIPX
14.8%
VASIX
8.3%

Technology

VEIPX
13.0%
VASIX
27.3%

Industrials

VEIPX
10.6%
VASIX
12.4%

Consumer Defensive

VEIPX
9.4%
VASIX
4.8%

Energy

VEIPX
8.3%
VASIX
4.3%

Utilities

VEIPX
7.0%
VASIX
2.7%

Consumer Cyclical

VEIPX
6.0%
VASIX
9.4%

Basic Materials

VEIPX
3.4%
VASIX
4.3%

Communication Services

VEIPX
2.9%
VASIX
8.0%

Real Estate

VEIPX
1.9%
VASIX
2.5%

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Vanguard Equity Income Fund Investor Shares

Vanguard LifeStrategy Income Fund

Often compared with VEIPX:
VEIPX vs. VYMVEIPX vs. SCHDVEIPX vs. VHYAXVEIPX vs. VDIGXVEIPX vs. VWENXVEIPX vs. VWINXVEIPX vs. VFIAX
Often compared with VASIX:
VASIX vs. VTIVXVASIX vs. VBIAXVASIX vs. VOOVASIX vs. PRSIXVASIX vs. IRTRVASIX vs. AONIXVASIX vs. VWENX

Return for Risk

VEIPX vs. VASIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEIPX
VEIPX Risk / Return Rank: 6767
Overall Rank
VEIPX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
VEIPX Sortino Ratio Rank: 6565
Sortino Ratio Rank
VEIPX Omega Ratio Rank: 6060
Omega Ratio Rank
VEIPX Calmar Ratio Rank: 7575
Calmar Ratio Rank
VEIPX Martin Ratio Rank: 6666
Martin Ratio Rank
VASIX
VASIX Risk / Return Rank: 5353
Overall Rank
VASIX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
VASIX Sortino Ratio Rank: 5656
Sortino Ratio Rank
VASIX Omega Ratio Rank: 6060
Omega Ratio Rank
VASIX Calmar Ratio Rank: 4242
Calmar Ratio Rank
VASIX Martin Ratio Rank: 5151
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.

VEIPX vs. VASIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Investor Shares (VEIPX) and Vanguard LifeStrategy Income Fund (VASIX). 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.

VEIPXVASIXDifference
Sharpe ratioReturn per unit of total volatility
2.38
2.18

+0.20

Sortino ratioReturn per unit of downside risk
3.38
3.17

+0.21

Omega ratioGain probability vs. loss probability

1.43

1.43

0.00

Calmar ratioReturn relative to maximum drawdown

3.42

2.47

+0.94

Martin ratioReturn relative to average drawdown

12.78

10.32

+2.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEIPX vs. VASIX - Sharpe Ratio Comparison

The current VEIPX Sharpe Ratio is 2.38, which is comparable to the VASIX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of VEIPX and VASIX, 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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Sharpe Ratios by Period

VEIPXVASIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.38

2.18

+0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.51

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.83

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

1.12

-0.47

Drawdowns

VEIPX vs. VASIX - Drawdown Comparison

The maximum VEIPX drawdown since its inception was -54.12%, which is greater than VASIX's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for VEIPX and VASIX.

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Drawdown Indicators

VEIPXVASIXDifference

Max Drawdown

Largest peak-to-trough decline

-54.12%

-18.17%

-35.95%

Max Drawdown (1Y)

Largest decline over 1 year

-7.15%

-3.90%

-3.25%

Max Drawdown (3Y)

Largest decline over 3 years

-13.39%

-5.58%

-7.81%

Max Drawdown (5Y)

Largest decline over 5 years

-15.16%

-18.17%

+3.01%

Max Drawdown (10Y)

Largest decline over 10 years

-35.26%

-18.17%

-17.09%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.50%

-1.92%

-3.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

0.93%

+0.98%

Volatility

VEIPX vs. VASIX - Volatility Comparison

Vanguard Equity Income Fund Investor Shares (VEIPX) has a higher volatility of 2.83% compared to Vanguard LifeStrategy Income Fund (VASIX) at 1.71%. This indicates that VEIPX's price experiences larger fluctuations and is considered to be riskier than VASIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEIPXVASIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.83%

1.71%

+1.12%

Volatility (6M)

Calculated over the trailing 6-month period

7.65%

3.65%

+4.00%

Volatility (1Y)

Calculated over the trailing 1-year period

10.25%

4.42%

+5.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

5.75%

+8.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.30%

4.92%

+11.38%

VEIPX vs. VASIX - Expense Ratio Comparison

VEIPX has a 0.28% expense ratio, which is higher than VASIX's 0.11% expense ratio.

Dividends

VEIPX vs. VASIX - Dividend Comparison

VEIPX's dividend yield for the trailing twelve months is around 10.03%, more than VASIX's 4.11% yield.

PositionTTM20252024202320222021202020192018201720162015
VASIX
Vanguard LifeStrategy Income Fund		4.11%4.18%7.61%3.17%2.02%3.95%2.15%2.73%3.55%1.52%2.26%2.57%
VEIPX
Vanguard Equity Income Fund Investor Shares		10.03%10.94%9.74%7.87%8.69%7.62%2.77%4.36%10.87%2.98%3.78%6.39%

Frequently Asked Questions

VEIPX and VASIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEIPX has higher volatility (2.83%) compared to VASIX (1.71%). In terms of maximum drawdown, VEIPX dropped -54.12% vs VASIX's -18.17%.

VEIPX currently has the higher Sharpe Ratio (2.38 vs 2.18), 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.

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