VFFSX vs. VTI

Last updated Aug 1, 2026

VFFSX (Vanguard 500 Index Fund Institutional Select Shares) and VTI (Vanguard Total Stock Market ETF) are both Large Cap Blend Equities funds from Vanguard - VFFSX tracks the S&P 500 Index while VTI tracks the CRSP US Total Market Index. Both are passively managed. Over the past 5 years, VFFSX returned 12.68%/yr vs 11.74%/yr for VTI. Their 0.99 correlation means they have historically moved very closely together. VFFSX charges 0.01%/yr vs 0.03%/yr for VTI.

Performance

VFFSX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard 500 Index Fund Institutional Select Shares (VFFSX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFFSX achieves a 9.35% return, which is significantly lower than VTI's 10.49% return.

VFFSX

• 1D: 1.66%
• 1M: -0.56%
• 6M: 7.79%
• YTD: 9.35%
• 1Y: 20.63%
• 3Y*: 19.03%
• 5Y*: 12.68%
• 10Y*: —
• ALL TIME*: 15.22%

VTI

• 1D: 0.53%
• 1M: -0.15%
• 6M: 8.77%
• YTD: 10.49%
• 1Y: 21.84%
• 3Y*: 18.92%
• 5Y*: 11.74%
• 10Y*: 14.63%
• ALL TIME*: 9.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VFFSX Vanguard 500 Index Fund Institutional Select Shares	$0.00	$0.00	$0.00
VTI Vanguard Total Stock Market ETF	$1.06B	$1.16B	$1.24B

VFFSX vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFFSX Vanguard 500 Index Fund Institutional Select Shares	9.35%	17.87%	25.00%	26.28%	-18.14%	29.24%	18.35%	31.88%	-4.42%	20.80%
VTI Vanguard Total Stock Market ETF	10.49%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between VFFSX and VTI is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (3Y) Balances recent behavior with more history.	0.99
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.99

The correlation between VFFSX and VTI has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

VFFSX vs. VTI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VFFSX

VFFSX Risk / Return Rank: 63
VFFSX Sharpe Ratio Rank: 61
VFFSX Sortino Ratio Rank: 57
VFFSX Omega Ratio Rank: 58
VFFSX Calmar Ratio Rank: 64
VFFSX Martin Ratio Rank: 76

VTI

VTI Risk / Return Rank: 67
VTI Sharpe Ratio Rank: 67
VTI Sortino Ratio Rank: 64
VTI Omega Ratio Rank: 64
VTI Calmar Ratio Rank: 65
VTI Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VFFSX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Institutional Select Shares (VFFSX) and Vanguard Total Stock Market ETF (VTI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VFFSX	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.52	-0.09
Sortino ratio: Return per unit of downside risk	2.00	2.12	-0.12
Omega ratio: Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	2.06	2.23	-0.17
Martin ratio: Return relative to average drawdown	8.86	9.62	-0.76

VFFSX vs. VTI - Sharpe Ratio Comparison

The current VFFSX Sharpe Ratio is 1.43, which is comparable to the VTI Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of VFFSX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VFFSX vs. VTI - Drawdown Comparison

The maximum VFFSX drawdown since its inception was -33.82%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VFFSX and VTI.

Drawdown Indicators

	VFFSX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-33.82%	-55.45%	+21.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-8.92%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-19.30%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-24.51%	-25.36%	+0.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-2.11%	-1.36%	-0.75%
Average Drawdown Average peak-to-trough decline	-4.46%	-7.99%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.07%	0.00%

Volatility

VFFSX vs. VTI - Volatility Comparison

Vanguard 500 Index Fund Institutional Select Shares (VFFSX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.45% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFFSX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	3.46%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.10%	10.24%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	13.10%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	17.51%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	18.30%	+0.06%

VFFSX vs. VTI - Expense Ratio Comparison

VFFSX has a 0.01% expense ratio, which is lower than VTI's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VFFSX vs. VTI - Dividend Comparison

VFFSX's dividend yield for the trailing twelve months is around 1.09%, more than VTI's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFFSX Vanguard 500 Index Fund Institutional Select Shares	1.09%	1.14%	1.24%	1.46%	1.70%	1.61%	1.56%	2.15%	2.09%	1.81%	0.00%	0.00%
VTI Vanguard Total Stock Market ETF	1.06%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both VFFSX and VTI in my portfolio?

With a correlation of 0.99, VFFSX and VTI 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.

Which is riskier, VFFSX or VTI?

VTI has higher volatility (3.46%) compared to VFFSX (3.45%). In terms of maximum drawdown, VFFSX dropped -33.82% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (1.52 vs 1.43), 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.