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VEIRX vs. VVIAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEIRX vs. VVIAX

Last updated Jun 4, 2026

VEIRX (Vanguard Equity Income Fund Admiral Shares) and VVIAX (Vanguard Value Index Fund Admiral Shares) are both Large Cap Value Equities funds from Vanguard. Over the past 10 years, VEIRX returned 11.95%/yr vs 12.46%/yr for VVIAX. With a 0.98 correlation, they move nearly in lockstep. VEIRX charges 0.19%/yr vs 0.05%/yr for VVIAX.

Performance

VEIRX vs. VVIAX - Performance Comparison

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

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Returns By Period

In the year-to-date period, VEIRX achieves a 9.73% return, which is significantly lower than VVIAX's 12.24% return. Both investments have delivered pretty close results over the past 10 years, with VEIRX having a 11.95% annualized return and VVIAX not far ahead at 12.46%.

VEIRX

1D
0.79%
1M
2.95%
YTD
9.73%
6M
9.86%
1Y
23.54%
3Y*
17.62%
5Y*
11.11%
10Y*
11.95%

VVIAX

1D
0.86%
1M
4.21%
YTD
12.24%
6M
13.09%
1Y
26.20%
3Y*
18.24%
5Y*
11.28%
10Y*
12.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEIRX vs. VVIAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEIRX
Vanguard Equity Income Fund Admiral Shares		9.73%17.25%14.91%7.76%-0.08%25.49%3.08%25.34%-5.68%17.68%
VVIAX
Vanguard Value Index Fund Admiral Shares		12.24%15.27%16.00%9.22%-2.07%26.51%2.29%25.81%-5.45%17.13%

Correlation

The correlation between VEIRX and VVIAX is 0.94, 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

0.94

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

0.97

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

0.98

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

0.98

Correlation (All Time)
Calculated using the full available price history since Aug 14, 2001

0.98

The correlation between VEIRX and VVIAX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

VEIRX vs. VVIAX - Sectors Allocation Comparison

Sectors
VEIRX
VVIAX

Financial Services

20.5%
22.3%

Healthcare

14.8%
14.5%

Technology

13.0%
13.4%

Industrials

10.6%
14.0%

Consumer Defensive

9.4%
9.4%

Energy

8.3%
8.1%

Utilities

7.0%
5.2%

Consumer Cyclical

6.0%
4.0%

Basic Materials

3.4%
3.1%

Communication Services

2.9%
3.3%

Real Estate

1.9%
2.8%

Financial Services

VEIRX
20.5%
VVIAX
22.3%

Healthcare

VEIRX
14.8%
VVIAX
14.5%

Technology

VEIRX
13.0%
VVIAX
13.4%

Industrials

VEIRX
10.6%
VVIAX
14.0%

Consumer Defensive

VEIRX
9.4%
VVIAX
9.4%

Energy

VEIRX
8.3%
VVIAX
8.1%

Utilities

VEIRX
7.0%
VVIAX
5.2%

Consumer Cyclical

VEIRX
6.0%
VVIAX
4.0%

Basic Materials

VEIRX
3.4%
VVIAX
3.1%

Communication Services

VEIRX
2.9%
VVIAX
3.3%

Real Estate

VEIRX
1.9%
VVIAX
2.8%

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Vanguard Equity Income Fund Admiral Shares

Vanguard Value Index Fund Admiral Shares

Often compared with VEIRX:
VEIRX vs. SCHDVEIRX vs. VFIAXVEIRX vs. VOOVEIRX vs. VWENXVEIRX vs. VWIAXVEIRX vs. VDADXVEIRX vs. VDIGX
Often compared with VVIAX:
VVIAX vs. VFIAXVVIAX vs. VIGAXVVIAX vs. VTVVVIAX vs. FLCOXVVIAX vs. VOOVVIAX vs. VDADXVVIAX vs. VBIAX

Return for Risk

VEIRX vs. VVIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEIRX
VEIRX Risk / Return Rank: 6767
Overall Rank
VEIRX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VEIRX Sortino Ratio Rank: 6666
Sortino Ratio Rank
VEIRX Omega Ratio Rank: 6161
Omega Ratio Rank
VEIRX Calmar Ratio Rank: 7676
Calmar Ratio Rank
VEIRX Martin Ratio Rank: 6666
Martin Ratio Rank
VVIAX
VVIAX Risk / Return Rank: 8181
Overall Rank
VVIAX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VVIAX Sortino Ratio Rank: 8181
Sortino Ratio Rank
VVIAX Omega Ratio Rank: 7272
Omega Ratio Rank
VVIAX Calmar Ratio Rank: 8787
Calmar Ratio Rank
VVIAX Martin Ratio Rank: 8484
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.

VEIRX vs. VVIAX - Risk-Adjusted Trends Comparison

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

VEIRXVVIAXDifference
Sharpe ratioReturn per unit of total volatility
2.39
2.67

-0.28

Sortino ratioReturn per unit of downside risk
3.39
3.81

-0.42

Omega ratioGain probability vs. loss probability

1.44

1.48

-0.04

Calmar ratioReturn relative to maximum drawdown

3.44

4.23

-0.80

Martin ratioReturn relative to average drawdown

12.85

15.96

-3.11

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

VEIRX vs. VVIAX - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.39, which is comparable to the VVIAX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of VEIRX and VVIAX, 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

VEIRXVVIAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

2.67

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.82

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.75

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.42

+0.10

Drawdowns

VEIRX vs. VVIAX - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, smaller than the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for VEIRX and VVIAX.

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Drawdown Indicators

VEIRXVVIAXDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-59.32%

+5.30%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-6.36%

-0.77%

Max Drawdown (3Y)

Largest decline over 3 years

-13.36%

-14.39%

+1.03%

Max Drawdown (5Y)

Largest decline over 5 years

-15.12%

-17.14%

+2.02%

Max Drawdown (10Y)

Largest decline over 10 years

-35.26%

-36.80%

+1.54%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.50%

-9.62%

+3.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

1.69%

+0.22%

Volatility

VEIRX vs. VVIAX - Volatility Comparison

Vanguard Equity Income Fund Admiral Shares (VEIRX) has a higher volatility of 2.84% compared to Vanguard Value Index Fund Admiral Shares (VVIAX) at 2.70%. This indicates that VEIRX's price experiences larger fluctuations and is considered to be riskier than VVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEIRXVVIAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

2.70%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

7.65%

7.64%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

10.25%

10.09%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

13.91%

+0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.31%

16.74%

-0.43%

VEIRX vs. VVIAX - Expense Ratio Comparison

VEIRX has a 0.19% expense ratio, which is higher than VVIAX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VEIRX vs. VVIAX - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 10.12%, more than VVIAX's 1.85% yield.

PositionTTM20252024202320222021202020192018201720162015
VEIRX
Vanguard Equity Income Fund Admiral Shares		10.12%11.03%9.83%7.96%8.79%7.71%2.86%4.45%10.98%3.04%3.87%6.48%
VVIAX
Vanguard Value Index Fund Admiral Shares		1.85%2.04%2.30%2.45%2.51%2.14%2.55%2.49%2.72%2.29%2.45%2.60%

Frequently Asked Questions

With a correlation of 0.94, VEIRX and VVIAX 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.

VEIRX has higher volatility (2.84%) compared to VVIAX (2.70%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VVIAX's -59.32%.

VVIAX currently has the higher Sharpe Ratio (2.67 vs 2.39), 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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