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VFIAX vs. VVIAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFIAX vs. VVIAX

Last updated Apr 16, 2026

VFIAX (Vanguard 500 Index Fund Admiral Shares) and VVIAX (Vanguard Value Index Fund Admiral Shares) are both mutual funds — VFIAX is a Large Cap Blend Equities fund managed by Vanguard, while VVIAX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, VFIAX returned 14.73%/yr vs 12.09%/yr for VVIAX. Their correlation of 0.93 suggests significant overlap in exposure. VFIAX charges 0.04%/yr vs 0.05%/yr for VVIAX.

Performance

VFIAX vs. VVIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard Value Index Fund Admiral Shares (VVIAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VFIAX achieves a 2.12% return, which is significantly lower than VVIAX's 6.84% return. Over the past 10 years, VFIAX has outperformed VVIAX with an annualized return of 14.73%, while VVIAX has yielded a comparatively lower 12.09% annualized return.

VFIAX

1D
1.18%
1M
4.07%
YTD
2.12%
6M
5.04%
1Y
30.65%
3Y*
20.58%
5Y*
12.38%
10Y*
14.73%

VVIAX

1D
0.15%
1M
2.66%
YTD
6.84%
6M
9.96%
1Y
26.94%
3Y*
15.73%
5Y*
11.20%
10Y*
12.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VFIAX vs. VVIAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFIAX
Vanguard 500 Index Fund Admiral Shares		2.12%17.83%24.97%26.24%-18.16%28.65%18.32%31.46%-4.45%21.78%
VVIAX
Vanguard Value Index Fund Admiral Shares		6.84%15.27%16.00%9.22%-2.07%26.51%2.29%25.81%-5.45%17.13%

Correlation

The correlation between VFIAX and VVIAX is 0.72, 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

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2000

0.93

Over the past year, the correlation between VFIAX and VVIAX has dropped to 0.72 — well below their long-term average of 0.93, suggesting their price drivers have been diverging.

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Vanguard 500 Index Fund Admiral Shares

Vanguard Value Index Fund Admiral Shares

Often compared with VFIAX:
VFIAX vs. VOOVFIAX vs. SPYVFIAX vs. VTIVFIAX vs. VITAXVFIAX vs. VFIFXVFIAX vs. VBIAXVFIAX vs. VDADX
Often compared with VVIAX:
VVIAX vs. VIGAXVVIAX vs. VTVVVIAX vs. FLCOXVVIAX vs. VOOVVIAX vs. VDADXVVIAX vs. VBIAXVVIAX vs. VITAX

Return for Risk

VFIAX vs. VVIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFIAX
VFIAX Risk / Return Rank: 5959
Overall Rank
VFIAX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
VFIAX Sortino Ratio Rank: 4545
Sortino Ratio Rank
VFIAX Omega Ratio Rank: 4848
Omega Ratio Rank
VFIAX Calmar Ratio Rank: 7373
Calmar Ratio Rank
VFIAX Martin Ratio Rank: 8282
Martin Ratio Rank
VVIAX
VVIAX Risk / Return Rank: 6565
Overall Rank
VVIAX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
VVIAX Sortino Ratio Rank: 5454
Sortino Ratio Rank
VVIAX Omega Ratio Rank: 4848
Omega Ratio Rank
VVIAX Calmar Ratio Rank: 8787
Calmar Ratio Rank
VVIAX Martin Ratio Rank: 8282
Martin Ratio Rank
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.

VFIAX vs. VVIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard Value Index Fund Admiral Shares (VVIAX). 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.

VFIAXVVIAXDifference

Sharpe ratio

Return per unit of total volatility

2.32

2.44

-0.12

Sortino ratio

Return per unit of downside risk

3.22

3.51

-0.28

Omega ratio

Gain probability vs. loss probability

1.43

1.44

0.00

Calmar ratio

Return relative to maximum drawdown

3.80

4.70

-0.90

Martin ratio

Return relative to average drawdown

17.35

17.55

-0.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFIAX vs. VVIAX - Sharpe Ratio Comparison

The current VFIAX Sharpe Ratio is 2.32, which is comparable to the VVIAX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of VFIAX and VVIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VFIAXVVIAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.44

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.81

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

0.72

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.41

+0.04

Drawdowns

VFIAX vs. VVIAX - Drawdown Comparison

The maximum VFIAX drawdown since its inception was -55.20%, smaller than the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for VFIAX and VVIAX.

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Drawdown Indicators

VFIAXVVIAXDifference

Max Drawdown

Largest peak-to-trough decline

-55.20%

-59.32%

+4.12%

Max Drawdown (1Y)

Largest decline over 1 year

-8.90%

-6.36%

-2.54%

Max Drawdown (5Y)

Largest decline over 5 years

-24.53%

-17.14%

-7.39%

Max Drawdown (10Y)

Largest decline over 10 years

-33.83%

-36.80%

+2.97%

Current Drawdown

Current decline from peak

0.00%

-1.56%

+1.56%

Average Drawdown

Average peak-to-trough decline

-9.45%

-9.66%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.70%

+0.25%

Volatility

VFIAX vs. VVIAX - Volatility Comparison

Vanguard 500 Index Fund Admiral Shares (VFIAX) has a higher volatility of 5.61% compared to Vanguard Value Index Fund Admiral Shares (VVIAX) at 3.88%. This indicates that VFIAX's price experiences larger fluctuations and is considered to be riskier than VVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VFIAXVVIAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.61%

3.88%

+1.73%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

7.82%

+1.76%

Volatility (1Y)

Calculated over the trailing 1-year period

13.25%

11.01%

+2.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.94%

13.95%

+2.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.06%

16.75%

+1.31%

VFIAX vs. VVIAX - Expense Ratio Comparison

VFIAX has a 0.04% expense ratio, which is lower than VVIAX's 0.05% 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

VFIAX vs. VVIAX - Dividend Comparison

VFIAX's dividend yield for the trailing twelve months is around 1.11%, less than VVIAX's 1.95% yield.

TTM20252024202320222021202020192018201720162015
VFIAX
Vanguard 500 Index Fund Admiral Shares		1.11%1.12%1.24%1.45%1.68%1.24%1.53%1.87%2.05%1.78%2.02%2.10%
VVIAX
Vanguard Value Index Fund Admiral Shares		1.95%2.04%2.30%2.45%2.51%2.14%2.55%2.49%2.72%2.29%2.45%2.60%