VEXRX vs. VINIX
Compare and contrast key facts about Vanguard Explorer Fund Admiral Shares (VEXRX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
VEXRX is managed by Vanguard. It was launched on Nov 12, 2001. 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: VEXRX or VINIX.
Performance
VEXRX vs. VINIX - Performance Comparison
Returns By Period
In the year-to-date period, VEXRX achieves a 13.02% return, which is significantly lower than VINIX's 25.02% return. Over the past 10 years, VEXRX has underperformed VINIX with an annualized return of 2.11%, while VINIX has yielded a comparatively higher 13.11% annualized return.
VEXRX
13.02%
0.46%
6.66%
26.45%
3.94%
2.11%
VINIX
25.02%
0.59%
11.74%
32.35%
15.49%
13.11%
Key characteristics
| VEXRX | VINIX | |
|---|---|---|
| Sharpe Ratio | 1.67 | 2.66 |
| Sortino Ratio | 2.37 | 3.55 |
| Omega Ratio | 1.29 | 1.49 |
| Calmar Ratio | 0.76 | 3.85 |
| Martin Ratio | 9.50 | 17.34 |
| Ulcer Index | 2.91% | 1.88% |
| Daily Std Dev | 16.49% | 12.27% |
| Max Drawdown | -61.00% | -55.19% |
| Current Drawdown | -19.30% | -1.75% |
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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.
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.
Risk-Adjusted Performance
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.
Dividends
VEXRX vs. VINIX - Dividend Comparison
VEXRX's dividend yield for the trailing twelve months is around 0.55%, less than VINIX's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXRX Vanguard Explorer Fund Admiral Shares | 0.55% | 0.62% | 0.51% | 0.36% | 0.23% | 0.39% | 0.51% | 0.50% | 0.50% | 0.51% | 0.37% | 0.22% |
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
VEXRX vs. VINIX - Drawdown Comparison
The maximum VEXRX drawdown since its inception was -61.00%, which is greater than VINIX's maximum 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.
Volatility
VEXRX vs. VINIX - Volatility Comparison
Vanguard Explorer Fund Admiral Shares (VEXRX) has a higher volatility of 5.71% compared to Vanguard Institutional Index Fund Institutional Shares (VINIX) at 4.05%. 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.