VFSAX vs. RAIIX
Compare and contrast key facts about Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) and Manning & Napier Rainier International Discovery Series (RAIIX).
VFSAX is managed by Vanguard. It was launched on Feb 7, 2019. RAIIX is managed by Manning & Napier. It was launched on Mar 27, 2012.
Performance
VFSAX vs. RAIIX - Performance Comparison
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VFSAX vs. RAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares | 1.27% | 29.89% | 2.58% | 15.13% | -21.30% | 12.68% | 11.90% | 13.47% |
RAIIX Manning & Napier Rainier International Discovery Series | 0.78% | 27.00% | 0.62% | 6.55% | -30.41% | 14.09% | 41.45% | 16.88% |
Returns By Period
In the year-to-date period, VFSAX achieves a 1.27% return, which is significantly higher than RAIIX's 0.78% return.
VFSAX
- 1D
- 2.40%
- 1M
- -8.22%
- YTD
- 1.27%
- 6M
- 3.64%
- 1Y
- 29.20%
- 3Y*
- 13.60%
- 5Y*
- 5.33%
- 10Y*
- —
RAIIX
- 1D
- 2.96%
- 1M
- -8.84%
- YTD
- 0.78%
- 6M
- 0.44%
- 1Y
- 25.58%
- 3Y*
- 9.07%
- 5Y*
- 1.26%
- 10Y*
- 7.92%
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VFSAX vs. RAIIX - Expense Ratio Comparison
VFSAX has a 0.16% expense ratio, which is lower than RAIIX's 1.12% expense ratio.
Return for Risk
VFSAX vs. RAIIX — Risk / Return Rank
VFSAX
RAIIX
VFSAX vs. RAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) and Manning & Napier Rainier International Discovery Series (RAIIX). 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.
| VFSAX | RAIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 1.68 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.63 | 2.27 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.11 | +0.38 |
Martin ratioReturn relative to average drawdown | 9.78 | 8.42 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VFSAX | RAIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.68 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.08 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.58 | -0.10 |
Correlation
The correlation between VFSAX and RAIIX is 0.90, 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.
Dividends
VFSAX vs. RAIIX - Dividend Comparison
VFSAX's dividend yield for the trailing twelve months is around 3.27%, more than RAIIX's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares | 3.27% | 3.31% | 3.36% | 3.06% | 2.22% | 2.67% | 1.85% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% |
RAIIX Manning & Napier Rainier International Discovery Series | 2.80% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
Drawdowns
VFSAX vs. RAIIX - Drawdown Comparison
The maximum VFSAX drawdown since its inception was -39.86%, roughly equal to the maximum RAIIX drawdown of -39.87%. Use the drawdown chart below to compare losses from any high point for VFSAX and RAIIX.
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Drawdown Indicators
| VFSAX | RAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -39.87% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -12.00% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -33.81% | -39.87% | +6.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.87% | — |
Current DrawdownCurrent decline from peak | -9.36% | -9.39% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -11.23% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.00% | -0.08% |
Volatility
VFSAX vs. RAIIX - Volatility Comparison
The current volatility for Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) is 6.64%, while Manning & Napier Rainier International Discovery Series (RAIIX) has a volatility of 6.99%. This indicates that VFSAX experiences smaller price fluctuations and is considered to be less risky than RAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFSAX | RAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 6.99% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 10.80% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 15.74% | -1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 16.83% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 16.87% | +0.16% |