VFIFX vs. VIIIX
Compare and contrast key facts about Vanguard Target Retirement 2050 Fund (VFIFX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VFIFX is managed by Vanguard. It was launched on Jun 7, 2006. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFIFX or VIIIX.
Performance
VFIFX vs. VIIIX - Performance Comparison
Returns By Period
In the year-to-date period, VFIFX achieves a 15.16% return, which is significantly lower than VIIIX's 24.70% return. Over the past 10 years, VFIFX has underperformed VIIIX with an annualized return of 8.72%, while VIIIX has yielded a comparatively higher 11.98% annualized return.
VFIFX
15.16%
-1.29%
6.24%
22.65%
10.00%
8.72%
VIIIX
24.70%
0.60%
11.74%
30.48%
13.36%
11.98%
Key characteristics
| VFIFX | VIIIX | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.49 |
| Sortino Ratio | 2.95 | 3.34 |
| Omega Ratio | 1.39 | 1.46 |
| Calmar Ratio | 3.09 | 3.63 |
| Martin Ratio | 13.48 | 16.05 |
| Ulcer Index | 1.73% | 1.91% |
| Daily Std Dev | 11.17% | 12.34% |
| Max Drawdown | -51.68% | -55.18% |
| Current Drawdown | -1.93% | -1.75% |
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VFIFX vs. VIIIX - Expense Ratio Comparison
VFIFX has a 0.08% expense ratio, which is higher than VIIIX's 0.02% 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 VFIFX and VIIIX is 0.97, 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
VFIFX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2050 Fund (VFIFX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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
VFIFX vs. VIIIX - Dividend Comparison
VFIFX's dividend yield for the trailing twelve months is around 1.92%, more than VIIIX's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIFX Vanguard Target Retirement 2050 Fund | 1.92% | 2.21% | 2.13% | 2.19% | 1.63% | 2.20% | 2.43% | 1.89% | 1.93% | 2.05% | 2.01% | 1.84% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.28% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
VFIFX vs. VIIIX - Drawdown Comparison
The maximum VFIFX drawdown since its inception was -51.68%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VFIFX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VFIFX vs. VIIIX - Volatility Comparison
The current volatility for Vanguard Target Retirement 2050 Fund (VFIFX) is 2.97%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 4.05%. This indicates that VFIFX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.