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VEIRX vs. VEIPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEIRX vs. VEIPX

Last updated Aug 4, 2026
Documentation

VEIRX (Vanguard Equity Income Fund Admiral Shares) and VEIPX (Vanguard Equity Income Fund Investor Shares) are both Dividend funds from Vanguard. Both are actively managed. Over the past 10 years, VEIRX returned 11.87%/yr vs 11.77%/yr for VEIPX. Their 1.00 correlation means they have historically moved very closely together. VEIRX charges 0.19%/yr vs 0.28%/yr for VEIPX.

Performance

VEIRX vs. VEIPX - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with VEIRX having a 11.85% return and VEIPX slightly lower at 11.80%. Both investments have delivered pretty close results over the past 10 years, with VEIRX having a 11.87% annualized return and VEIPX not far behind at 11.77%.

VEIRX

1D
-0.01%
1M
1.91%
6M
7.76%
YTD
11.85%
1Y
23.30%
3Y*
15.64%
5Y*
11.73%
10Y*
11.87%
ALL TIME*
9.07%

VEIPX

1D
0.00%
1M
1.91%
6M
7.72%
YTD
11.80%
1Y
23.19%
3Y*
15.55%
5Y*
11.63%
10Y*
11.77%
ALL TIME*
10.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VEIPX

Vanguard Equity Income Fund Investor Shares
$0.00$0.00$0.00

VEIRX

Vanguard Equity Income Fund Admiral Shares
$0.00$0.00$0.00

VEIRX vs. VEIPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEIRX
Vanguard Equity Income Fund Admiral Shares		11.85%17.25%14.91%7.76%-0.08%25.49%3.08%25.34%-5.68%17.68%
VEIPX
Vanguard Equity Income Fund Investor Shares		11.80%17.14%14.80%7.66%-0.16%25.41%2.97%25.21%-5.75%17.60%

Correlation

The correlation between VEIRX and VEIPX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

1.00

Correlation (3Y)
Balances recent behavior with more history.

1.00

Correlation (5Y)
Shows whether the relationship held over a longer period.

1.00

Correlation (10Y)
Provides a long-term view across more market conditions.

1.00

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2001

1.00

The correlation between VEIRX and VEIPX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

VEIRX vs. VEIPX - Sectors Allocation Comparison

Sectors
VEIRX
VEIPX

Financial Services

19.8%
19.8%

Healthcare

14.8%
14.8%

Technology

14.1%
14.1%

Industrials

9.4%
9.4%

Consumer Defensive

9.4%
9.4%

Energy

8.3%
8.3%

Utilities

7.0%
7.0%

Consumer Cyclical

5.8%
5.8%

Basic Materials

3.6%
3.6%

Communication Services

2.9%
2.9%

Real Estate

2.5%
2.5%

Financial Services

VEIRX
19.8%
VEIPX
19.8%

Healthcare

VEIRX
14.8%
VEIPX
14.8%

Technology

VEIRX
14.1%
VEIPX
14.1%

Industrials

VEIRX
9.4%
VEIPX
9.4%

Consumer Defensive

VEIRX
9.4%
VEIPX
9.4%

Energy

VEIRX
8.3%
VEIPX
8.3%

Utilities

VEIRX
7.0%
VEIPX
7.0%

Consumer Cyclical

VEIRX
5.8%
VEIPX
5.8%

Basic Materials

VEIRX
3.6%
VEIPX
3.6%

Communication Services

VEIRX
2.9%
VEIPX
2.9%

Real Estate

VEIRX
2.5%
VEIPX
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Equity Income Fund Admiral Shares

Vanguard Equity Income Fund Investor Shares

Often compared with VEIRX:
VEIRX vs. SCHDVEIRX vs. VFIAXVEIRX vs. VOOVEIRX vs. VWENXVEIRX vs. VWIAXVEIRX vs. VDADXVEIRX vs. VDIGX
Often compared with VEIPX:
VEIPX vs. VYMVEIPX vs. SCHDVEIPX vs. VHYAXVEIPX vs. VWENXVEIPX vs. VDIGXVEIPX vs. VFIAXVEIPX vs. VWINX

Return for Risk

VEIRX vs. VEIPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VEIRX
VEIRX Risk / Return Rank: 8686
Overall Rank
VEIRX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEIRX Sortino Ratio Rank: 8686
Sortino Ratio Rank
VEIRX Omega Ratio Rank: 8383
Omega Ratio Rank
VEIRX Calmar Ratio Rank: 8787
Calmar Ratio Rank
VEIRX Martin Ratio Rank: 8787
Martin Ratio Rank
VEIPX
VEIPX Risk / Return Rank: 8686
Overall Rank
VEIPX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VEIPX Sortino Ratio Rank: 8585
Sortino Ratio Rank
VEIPX Omega Ratio Rank: 8282
Omega Ratio Rank
VEIPX Calmar Ratio Rank: 8686
Calmar Ratio Rank
VEIPX Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VEIRX vs. VEIPX - Risk-Adjusted Trends Comparison

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

VEIRXVEIPXDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.18

+0.01

Sortino ratioReturn per unit of downside risk
3.13
3.12

+0.01

Omega ratioGain probability vs. loss probability

1.40

1.40

0.00

Calmar ratioReturn relative to maximum drawdown

3.12

3.10

+0.02

Martin ratioReturn relative to average drawdown

11.78

11.71

+0.07

VEIRX vs. VEIPX - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.19, which is comparable to the VEIPX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of VEIRX and VEIPX, 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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Drawdowns

VEIRX vs. VEIPX - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, roughly equal to the maximum VEIPX drawdown of -54.12%. Use the drawdown chart below to compare losses from any high point for VEIRX and VEIPX.

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Drawdown Indicators

VEIRXVEIPXDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-54.12%

+0.10%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-7.15%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-13.36%

-13.39%

+0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-15.12%

-15.16%

+0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-35.26%

-35.26%

0.00%

Current Drawdown

Current decline from peak

-0.86%

-0.85%

-0.01%

Average Drawdown

Average peak-to-trough decline

-6.46%

-5.48%

-0.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.89%

0.00%

Volatility

VEIRX vs. VEIPX - Volatility Comparison

Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Equity Income Fund Investor Shares (VEIPX) have volatilities of 2.57% and 2.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEIRXVEIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.57%

2.57%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

7.37%

7.36%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

10.27%

10.26%

+0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

13.84%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.25%

16.25%

0.00%

VEIRX vs. VEIPX - Expense Ratio Comparison

VEIRX has a 0.19% expense ratio, which is lower than VEIPX's 0.28% expense ratio.

Dividends

VEIRX vs. VEIPX - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 9.92%, which matches VEIPX's 9.83% yield.

PositionTTM20252024202320222021202020192018201720162015
VEIPX
Vanguard Equity Income Fund Investor Shares		9.83%10.94%9.74%7.87%8.69%7.62%2.77%4.36%10.87%2.98%3.78%6.39%
VEIRX
Vanguard Equity Income Fund Admiral Shares		9.92%11.03%9.83%7.96%8.79%7.71%2.86%4.45%10.98%3.04%3.87%6.48%

Frequently Asked Questions

With a correlation of 1.00, VEIRX and VEIPX 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.

VEIPX has higher volatility (2.57%) compared to VEIRX (2.57%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VEIPX's -54.12%.

VEIRX currently has the higher Sharpe Ratio (2.19 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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