VFWSX vs. VVIAX
VFWSX (Vanguard FTSE All-World ex-US Index Fund Institutional Shares) and VVIAX (Vanguard Value Index Fund Admiral Shares) are both mutual funds - VFWSX is a Foreign Large Cap Equities fund managed by Vanguard, while VVIAX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, VFWSX returned 10.06%/yr vs 12.46%/yr for VVIAX. A 0.79 correlation means they provide meaningful diversification when combined. VFWSX charges 0.08%/yr vs 0.05%/yr for VVIAX.
Performance
VFWSX vs. VVIAX - Performance Comparison
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Returns By Period
In the year-to-date period, VFWSX achieves a 15.78% return, which is significantly higher than VVIAX's 12.24% return. Over the past 10 years, VFWSX has underperformed VVIAX with an annualized return of 10.06%, while VVIAX has yielded a comparatively higher 12.46% annualized return.
VFWSX
- 1D
- 0.66%
- 1M
- 5.91%
- YTD
- 15.78%
- 6M
- 18.57%
- 1Y
- 33.79%
- 3Y*
- 20.08%
- 5Y*
- 9.08%
- 10Y*
- 10.06%
VVIAX
- 1D
- 0.86%
- 1M
- 4.21%
- YTD
- 12.24%
- 6M
- 13.09%
- 1Y
- 26.20%
- 3Y*
- 18.24%
- 5Y*
- 11.28%
- 10Y*
- 12.46%
VFWSX vs. VVIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFWSX Vanguard FTSE All-World ex-US Index Fund Institutional Shares | 15.78% | 32.38% | 5.45% | 15.59% | -15.48% | 8.11% | 11.37% | 21.58% | -13.97% | 27.24% |
VVIAX Vanguard Value Index Fund Admiral Shares | 12.24% | 15.27% | 16.00% | 9.22% | -2.07% | 26.51% | 2.29% | 25.81% | -5.45% | 17.13% |
Correlation
The correlation between VFWSX and VVIAX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2007 | 0.79 |
The correlation between VFWSX and VVIAX shifts across timeframes, from 0.65 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VFWSX vs. VVIAX — Risk / Return Rank
VFWSX
VVIAX
VFWSX vs. VVIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) 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.
| VFWSX | VVIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.48 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 4.23 | -1.30 |
| Martin ratioReturn relative to average drawdown | 11.55 | 15.96 | -4.40 |
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
| VFWSX | VVIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.67 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.82 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.75 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.42 | -0.14 |
Drawdowns
VFWSX vs. VVIAX - Drawdown Comparison
The maximum VFWSX drawdown since its inception was -61.60%, roughly equal to the maximum VVIAX drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for VFWSX and VVIAX.
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Drawdown Indicators
| VFWSX | VVIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.60% | -59.32% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -6.36% | -4.98% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -14.39% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.37% | -17.14% | -12.23% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | -36.80% | +1.93% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -9.62% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.69% | +1.19% |
Volatility
VFWSX vs. VVIAX - Volatility Comparison
Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) has a higher volatility of 4.89% compared to Vanguard Value Index Fund Admiral Shares (VVIAX) at 2.70%. This indicates that VFWSX'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
| VFWSX | VVIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.70% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 7.64% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 10.09% | +4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 13.91% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.74% | -0.66% |
VFWSX vs. VVIAX - Expense Ratio Comparison
VFWSX has a 0.08% expense ratio, which is higher than VVIAX's 0.05% 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%.
Dividends
VFWSX vs. VVIAX - Dividend Comparison
VFWSX's dividend yield for the trailing twelve months is around 2.57%, more than VVIAX's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFWSX Vanguard FTSE All-World ex-US Index Fund Institutional Shares | 2.57% | 3.08% | 3.23% | 3.31% | 3.10% | 3.06% | 1.99% | 3.10% | 3.28% | 2.67% | 2.97% | 2.97% |
VVIAX Vanguard Value Index Fund Admiral Shares | 1.85% | 2.04% | 2.30% | 2.45% | 2.51% | 2.14% | 2.55% | 2.49% | 2.72% | 2.29% | 2.45% | 2.60% |
Frequently Asked Questions
VFWSX and VVIAX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFWSX has higher volatility (4.89%) compared to VVIAX (2.70%). In terms of maximum drawdown, VFWSX dropped -61.60% vs VVIAX's -59.32%.
VVIAX currently has the higher Sharpe Ratio (2.67 vs 2.32), 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.
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