VEVFX vs. VBIAX

Last updated Jun 3, 2026

VEVFX (Vanguard Explorer Value Fund) and VBIAX (Vanguard Balanced Index Fund Admiral Shares) are both mutual funds - VEVFX is a Small Cap Value Equities fund managed by Vanguard, while VBIAX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, VEVFX returned 9.83%/yr vs 9.82%/yr for VBIAX. Their correlation of 0.85 suggests significant overlap in exposure. VEVFX charges 0.52%/yr vs 0.07%/yr for VBIAX.

Performance

VEVFX vs. VBIAX - Performance Comparison

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

Returns By Period

In the year-to-date period, VEVFX achieves a 12.66% return, which is significantly higher than VBIAX's 7.20% return. Both investments have delivered pretty close results over the past 10 years, with VEVFX having a 9.83% annualized return and VBIAX not far behind at 9.82%.

VEVFX

• 1D: -0.04%
• 1M: 0.34%
• YTD: 12.66%
• 6M: 15.71%
• 1Y: 31.49%
• 3Y*: 16.00%
• 5Y*: 6.72%
• 10Y*: 9.83%

VBIAX

• 1D: 0.13%
• 1M: 3.18%
• YTD: 7.20%
• 6M: 7.44%
• 1Y: 19.67%
• 3Y*: 14.98%
• 5Y*: 7.90%
• 10Y*: 9.82%

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

VEVFX vs. VBIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEVFX Vanguard Explorer Value Fund	12.66%	7.40%	13.81%	15.29%	-14.11%	28.14%	3.29%	26.92%	-13.03%	12.43%
VBIAX Vanguard Balanced Index Fund Admiral Shares	7.20%	13.61%	14.58%	17.54%	-16.90%	14.21%	16.40%	21.78%	-2.86%	13.89%

Correlation

The correlation between VEVFX and VBIAX is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010	0.85

The correlation between VEVFX and VBIAX has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.

VEVFX vs. VBIAX - Sectors Allocation Comparison

Sectors	VEVFX	VBIAX
Financial Services	22.5%	12.0%
Industrials	16.6%	9.8%
Consumer Cyclical	16.0%	10.0%
Technology	9.9%	33.5%
Real Estate	7.9%	2.4%
Healthcare	7.5%	9.2%
Consumer Defensive	4.7%	4.7%
Energy	4.3%	3.7%
Communication Services	4.1%	10.3%
Utilities	3.4%	2.3%
Basic Materials	3.3%	2.0%

Return for Risk

VEVFX vs. VBIAX — Risk / Return Rank

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

VEVFX

VEVFX Risk / Return Rank: 41
VEVFX Sharpe Ratio Rank: 36
VEVFX Sortino Ratio Rank: 38
VEVFX Omega Ratio Rank: 33
VEVFX Calmar Ratio Rank: 57
VEVFX Martin Ratio Rank: 42

VBIAX

VBIAX Risk / Return Rank: 76
VBIAX Sharpe Ratio Rank: 75
VBIAX Sortino Ratio Rank: 74
VBIAX Omega Ratio Rank: 70
VBIAX Calmar Ratio Rank: 75
VBIAX Martin Ratio Rank: 83

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.

VEVFX vs. VBIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Explorer Value Fund (VEVFX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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.

	VEVFX	VBIAX	Difference
Sharpe ratio Return per unit of total volatility	1.76	2.52	-0.77
Sortino ratio Return per unit of downside risk	2.61	3.59	-0.99
Omega ratio Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio Return relative to maximum drawdown	2.92	3.42	-0.51
Martin ratio Return relative to average drawdown	9.02	15.64	-6.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEVFX vs. VBIAX - Sharpe Ratio Comparison

The current VEVFX Sharpe Ratio is 1.76, which is lower than the VBIAX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of VEVFX and VBIAX, 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

	VEVFX	VBIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	2.52	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.72	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.88	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.64	-0.14

Drawdowns

VEVFX vs. VBIAX - Drawdown Comparison

The maximum VEVFX drawdown since its inception was -47.53%, which is greater than VBIAX's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for VEVFX and VBIAX.

Drawdown Indicators

	VEVFX	VBIAX	Difference
Max Drawdown Largest peak-to-trough decline	-47.53%	-35.90%	-11.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-5.83%	-4.48%
Max Drawdown (3Y) Largest decline over 3 years	-27.32%	-11.70%	-15.62%
Max Drawdown (5Y) Largest decline over 5 years	-27.32%	-21.53%	-5.79%
Max Drawdown (10Y) Largest decline over 10 years	-47.53%	-22.78%	-24.75%
Current Drawdown Current decline from peak	-1.11%	0.00%	-1.11%
Average Drawdown Average peak-to-trough decline	-6.62%	-4.44%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	1.27%	+2.06%

Volatility

VEVFX vs. VBIAX - Volatility Comparison

Vanguard Explorer Value Fund (VEVFX) has a higher volatility of 4.63% compared to Vanguard Balanced Index Fund Admiral Shares (VBIAX) at 2.26%. This indicates that VEVFX's price experiences larger fluctuations and is considered to be riskier than VBIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEVFX	VBIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	2.26%	+2.37%
Volatility (6M) Calculated over the trailing 6-month period	11.96%	6.12%	+5.84%
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	7.91%	+9.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.71%	11.05%	+9.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	11.21%	+11.28%

VEVFX vs. VBIAX - Expense Ratio Comparison

VEVFX has a 0.52% expense ratio, which is higher than VBIAX's 0.07% expense ratio.

Dividends

VEVFX vs. VBIAX - Dividend Comparison

VEVFX's dividend yield for the trailing twelve months is around 9.11%, more than VBIAX's 5.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VBIAX Vanguard Balanced Index Fund Admiral Shares	5.22%	6.00%	5.27%	4.35%	2.83%	3.19%	2.65%	2.28%	2.32%	1.95%	2.09%	2.09%
VEVFX Vanguard Explorer Value Fund	9.11%	10.26%	14.55%	2.49%	3.85%	3.83%	0.86%	1.47%	8.92%	3.00%	2.26%	6.31%

Frequently Asked Questions

Can I hold both VEVFX and VBIAX in my portfolio?

VEVFX and VBIAX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEVFX or VBIAX?

VEVFX has higher volatility (4.63%) compared to VBIAX (2.26%). In terms of maximum drawdown, VEVFX dropped -47.53% vs VBIAX's -35.90%.

Which has better risk-adjusted returns?

VBIAX currently has the higher Sharpe Ratio (2.52 vs 1.76), 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.