VEXAX vs. VINIX
Compare and contrast key facts about Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
VEXAX is managed by Vanguard. It was launched on Nov 13, 2000. VINIX is managed by Vanguard. It was launched on Jul 31, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEXAX or VINIX.
Performance
VEXAX vs. VINIX - Performance Comparison
Returns By Period
In the year-to-date period, VEXAX achieves a 20.68% return, which is significantly lower than VINIX's 25.53% return. Over the past 10 years, VEXAX has underperformed VINIX with an annualized return of 9.94%, while VINIX has yielded a comparatively higher 13.15% annualized return.
VEXAX
20.68%
5.91%
14.81%
36.59%
11.50%
9.94%
VINIX
25.53%
1.18%
12.21%
32.16%
15.57%
13.15%
Key characteristics
| VEXAX | VINIX | |
|---|---|---|
| Sharpe Ratio | 1.98 | 2.61 |
| Sortino Ratio | 2.73 | 3.49 |
| Omega Ratio | 1.34 | 1.48 |
| Calmar Ratio | 1.41 | 3.77 |
| Martin Ratio | 11.08 | 16.97 |
| Ulcer Index | 3.19% | 1.88% |
| Daily Std Dev | 17.90% | 12.24% |
| Max Drawdown | -58.09% | -55.19% |
| Current Drawdown | -2.31% | -1.35% |
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VEXAX vs. VINIX - Expense Ratio Comparison
VEXAX has a 0.06% expense ratio, which is higher than VINIX's 0.04% 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%.
Correlation
The correlation between VEXAX and VINIX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VEXAX vs. VINIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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.
Dividends
VEXAX vs. VINIX - Dividend Comparison
VEXAX's dividend yield for the trailing twelve months is around 1.11%, less than VINIX's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 1.11% | 1.27% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% | 1.32% | 1.13% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 1.26% | 1.47% | 1.74% | 1.28% | 1.59% | 1.91% | 2.13% | 1.82% | 2.07% | 2.45% | 1.88% | 1.85% |
Drawdowns
VEXAX vs. VINIX - Drawdown Comparison
The maximum VEXAX drawdown since its inception was -58.09%, which is greater than VINIX's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEXAX and VINIX. For additional features, visit the drawdowns tool.
Volatility
VEXAX vs. VINIX - Volatility Comparison
Vanguard Extended Market Index Fund Admiral Shares (VEXAX) has a higher volatility of 6.16% compared to Vanguard Institutional Index Fund Institutional Shares (VINIX) at 4.06%. This indicates that VEXAX's price experiences larger fluctuations and is considered to be riskier than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.