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VEXRX vs. VINIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VEXRX and VINIX is 0.89, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

VEXRX vs. VINIX - Performance Comparison

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

550.00%600.00%650.00%700.00%750.00%800.00%NovemberDecember2025FebruaryMarchApril
635.02%
595.09%
VEXRX
VINIX

Key characteristics

Sharpe Ratio

VEXRX:

-0.17

VINIX:

0.46

Sortino Ratio

VEXRX:

-0.09

VINIX:

0.78

Omega Ratio

VEXRX:

0.99

VINIX:

1.11

Calmar Ratio

VEXRX:

-0.14

VINIX:

0.48

Martin Ratio

VEXRX:

-0.49

VINIX:

1.96

Ulcer Index

VEXRX:

7.67%

VINIX:

4.63%

Daily Std Dev

VEXRX:

22.32%

VINIX:

19.53%

Max Drawdown

VEXRX:

-57.26%

VINIX:

-55.19%

Current Drawdown

VEXRX:

-17.91%

VINIX:

-10.02%

Returns By Period

In the year-to-date period, VEXRX achieves a -11.18% return, which is significantly lower than VINIX's -5.85% return. Over the past 10 years, VEXRX has underperformed VINIX with an annualized return of 8.18%, while VINIX has yielded a comparatively higher 10.79% annualized return.


VEXRX

YTD

-11.18%

1M

-5.47%

6M

-10.85%

1Y

-3.14%

5Y*

11.12%

10Y*

8.18%

VINIX

YTD

-5.85%

1M

-3.19%

6M

-5.42%

1Y

9.54%

5Y*

13.90%

10Y*

10.79%

*Annualized

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VEXRX vs. VINIX - Expense Ratio Comparison

VEXRX has a 0.29% expense ratio, which is higher than VINIX's 0.04% expense ratio.


Expense ratio chart for VEXRX: current value is 0.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VEXRX: 0.29%
Expense ratio chart for VINIX: current value is 0.04%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VINIX: 0.04%

Risk-Adjusted Performance

VEXRX vs. VINIX — Risk-Adjusted Performance Rank

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

VEXRX
The Risk-Adjusted Performance Rank of VEXRX is 1313
Overall Rank
The Sharpe Ratio Rank of VEXRX is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of VEXRX is 1313
Sortino Ratio Rank
The Omega Ratio Rank of VEXRX is 1414
Omega Ratio Rank
The Calmar Ratio Rank of VEXRX is 1111
Calmar Ratio Rank
The Martin Ratio Rank of VEXRX is 1212
Martin Ratio Rank

VINIX
The Risk-Adjusted Performance Rank of VINIX is 5656
Overall Rank
The Sharpe Ratio Rank of VINIX is 5252
Sharpe Ratio Rank
The Sortino Ratio Rank of VINIX is 5353
Sortino Ratio Rank
The Omega Ratio Rank of VINIX is 5656
Omega Ratio Rank
The Calmar Ratio Rank of VINIX is 6262
Calmar Ratio Rank
The Martin Ratio Rank of VINIX is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VEXRX vs. VINIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Explorer Fund Admiral Shares (VEXRX) 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.


The chart of Sharpe ratio for VEXRX, currently valued at -0.17, compared to the broader market-1.000.001.002.003.00
VEXRX: -0.17
VINIX: 0.46
The chart of Sortino ratio for VEXRX, currently valued at -0.09, compared to the broader market-2.000.002.004.006.008.00
VEXRX: -0.09
VINIX: 0.78
The chart of Omega ratio for VEXRX, currently valued at 0.99, compared to the broader market0.501.001.502.002.503.00
VEXRX: 0.99
VINIX: 1.11
The chart of Calmar ratio for VEXRX, currently valued at -0.14, compared to the broader market0.002.004.006.008.0010.00
VEXRX: -0.14
VINIX: 0.48
The chart of Martin ratio for VEXRX, currently valued at -0.49, compared to the broader market0.0010.0020.0030.0040.0050.00
VEXRX: -0.49
VINIX: 1.96

The current VEXRX Sharpe Ratio is -0.17, which is lower than the VINIX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of VEXRX and VINIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.17
0.46
VEXRX
VINIX

Dividends

VEXRX vs. VINIX - Dividend Comparison

VEXRX's dividend yield for the trailing twelve months is around 7.47%, more than VINIX's 2.53% yield.


TTM20242023202220212020201920182017201620152014
VEXRX
Vanguard Explorer Fund Admiral Shares
7.47%6.64%0.89%5.22%16.17%6.76%5.08%11.13%11.96%4.63%10.89%15.38%
VINIX
Vanguard Institutional Index Fund Institutional Shares
2.53%2.58%2.97%3.38%4.77%3.06%2.85%2.43%1.82%2.36%2.45%1.88%

Drawdowns

VEXRX vs. VINIX - Drawdown Comparison

The maximum VEXRX drawdown since its inception was -57.26%, roughly equal to the maximum VINIX drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEXRX and VINIX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-17.91%
-10.02%
VEXRX
VINIX

Volatility

VEXRX vs. VINIX - Volatility Comparison

Vanguard Explorer Fund Admiral Shares (VEXRX) has a higher volatility of 14.97% compared to Vanguard Institutional Index Fund Institutional Shares (VINIX) at 14.22%. This indicates that VEXRX'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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.97%
14.22%
VEXRX
VINIX