VIEIX vs. VDIPX

Last updated Aug 4, 2026

VIEIX (Vanguard Extended Market Index Fund Institutional Shares) and VDIPX (Vanguard Developed Markets Index Fund Institutional Plus Shares) are both mutual funds - VIEIX is a Mid Cap Blend Equities fund tracking the Spliced Extended Market Index, while VDIPX is a Foreign Large Cap Equities fund managed by Vanguard. Over the past 10 years, VIEIX returned 11.74%/yr vs 10.07%/yr for VDIPX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.04% expense ratio.

Performance

VIEIX vs. VDIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Extended Market Index Fund Institutional Shares (VIEIX) and Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIEIX achieves a 13.51% return, which is significantly lower than VDIPX's 14.23% return. Over the past 10 years, VIEIX has outperformed VDIPX with an annualized return of 11.74%, while VDIPX has yielded a comparatively lower 10.07% annualized return.

VIEIX

• 1D: -0.41%
• 1M: -3.02%
• 6M: 10.17%
• YTD: 13.51%
• 1Y: 23.28%
• 3Y*: 15.99%
• 5Y*: 6.11%
• 10Y*: 11.74%
• ALL TIME*: 9.03%

VDIPX

• 1D: -0.34%
• 1M: 0.42%
• 6M: 7.49%
• YTD: 14.23%
• 1Y: 30.20%
• 3Y*: 18.18%
• 5Y*: 9.85%
• 10Y*: 10.07%
• ALL TIME*: 8.75%

*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)
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00
VIEIX Vanguard Extended Market Index Fund Institutional Shares	$0.00	$0.00	$0.00

VIEIX vs. VDIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIEIX Vanguard Extended Market Index Fund Institutional Shares	13.51%	11.42%	15.49%	26.97%	-26.46%	12.46%	32.24%	28.05%	-9.36%	18.12%
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares	14.23%	35.15%	3.08%	17.78%	-15.35%	11.45%	10.26%	22.06%	-14.48%	26.48%

Correlation

The correlation between VIEIX and VDIPX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.75
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.75

The correlation between VIEIX and VDIPX has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

VIEIX vs. VDIPX - Sectors Allocation Comparison

Sectors	VIEIX	VDIPX
Industrials	21.1%	17.9%
Technology	19.7%	18.4%
Financial Services	14.2%	23.1%
Healthcare	14.2%	7.9%
Consumer Cyclical	9.4%	7.3%
Real Estate	5.8%	2.5%
Energy	4.2%	4.5%
Basic Materials	3.9%	6.9%
Communication Services	3.1%	3.2%
Consumer Defensive	2.6%	5.3%
Utilities	1.8%	3.1%

Return for Risk

VIEIX vs. VDIPX — Risk / Return Rank

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

VIEIX

VIEIX Risk / Return Rank: 40
VIEIX Sharpe Ratio Rank: 34
VIEIX Sortino Ratio Rank: 35
VIEIX Omega Ratio Rank: 32
VIEIX Calmar Ratio Rank: 51
VIEIX Martin Ratio Rank: 45

VDIPX

VDIPX Risk / Return Rank: 74
VDIPX Sharpe Ratio Rank: 75
VDIPX Sortino Ratio Rank: 70
VDIPX Omega Ratio Rank: 72
VDIPX Calmar Ratio Rank: 76
VDIPX Martin Ratio Rank: 75

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.

VIEIX vs. VDIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Institutional Shares (VIEIX) and Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX). 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.

	VIEIX	VDIPX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.80	-0.63
Sortino ratio: Return per unit of downside risk	1.72	2.46	-0.74
Omega ratio: Gain probability vs. loss probability	1.21	1.33	-0.12
Calmar ratio: Return relative to maximum drawdown	2.03	2.59	-0.55
Martin ratio: Return relative to average drawdown	6.88	9.63	-2.74

VIEIX vs. VDIPX - Sharpe Ratio Comparison

The current VIEIX Sharpe Ratio is 1.17, which is lower than the VDIPX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of VIEIX and VDIPX, 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

VIEIX vs. VDIPX - Drawdown Comparison

The maximum VIEIX drawdown since its inception was -58.03%, which is greater than VDIPX's maximum drawdown of -35.61%. Use the drawdown chart below to compare losses from any high point for VIEIX and VDIPX.

Drawdown Indicators

	VIEIX	VDIPX	Difference
Max Drawdown Largest peak-to-trough decline	-58.03%	-35.61%	-22.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-11.67%	+1.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.84%	-13.15%	-13.69%
Max Drawdown (5Y) Largest decline over 5 years	-36.32%	-29.69%	-6.63%
Max Drawdown (10Y) Largest decline over 10 years	-41.62%	-35.61%	-6.01%
Current Drawdown Current decline from peak	-4.13%	-2.01%	-2.12%
Average Drawdown Average peak-to-trough decline	-13.77%	-7.13%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.13%	-0.11%

Volatility

VIEIX vs. VDIPX - Volatility Comparison

The current volatility for Vanguard Extended Market Index Fund Institutional Shares (VIEIX) is 3.88%, while Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) has a volatility of 5.53%. This indicates that VIEIX experiences smaller price fluctuations and is considered to be less risky than VDIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIEIX	VDIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	5.53%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	14.80%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	16.79%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.40%	16.21%	+6.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	16.40%	+5.94%

VIEIX vs. VDIPX - Expense Ratio Comparison

Both VIEIX and VDIPX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VIEIX vs. VDIPX - Dividend Comparison

VIEIX's dividend yield for the trailing twelve months is around 1.04%, less than VDIPX's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares	2.57%	3.23%	3.37%	3.16%	2.92%	3.17%	2.05%	3.05%	3.36%	2.79%	3.08%	2.95%
VIEIX Vanguard Extended Market Index Fund Institutional Shares	1.04%	1.14%	1.10%	1.26%	1.16%	1.14%	1.08%	1.31%	1.67%	1.27%	1.45%	1.37%

Frequently Asked Questions

Can I hold both VIEIX and VDIPX in my portfolio?

VIEIX and VDIPX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIEIX or VDIPX?

VDIPX has higher volatility (5.53%) compared to VIEIX (3.88%). In terms of maximum drawdown, VIEIX dropped -58.03% vs VDIPX's -35.61%.

Which has better risk-adjusted returns?

VDIPX currently has the higher Sharpe Ratio (1.80 vs 1.17), 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.