VIEIX vs. VRTVX
VIEIX (Vanguard Extended Market Index Fund Institutional Shares) and VRTVX (Vanguard Russell 2000 Value Index Fund Institutional Shares) are both mutual funds - VIEIX is a Mid Cap Blend Equities fund managed by Vanguard, while VRTVX is a Small Cap Value Equities fund managed by Vanguard. Over the past 10 years, VIEIX returned 12.20%/yr vs 10.48%/yr for VRTVX. Their correlation of 0.92 suggests significant overlap in exposure. VIEIX charges 0.05%/yr vs 0.08%/yr for VRTVX.
Performance
VIEIX vs. VRTVX - Performance Comparison
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Returns By Period
In the year-to-date period, VIEIX achieves a 14.93% return, which is significantly lower than VRTVX's 18.94% return. Over the past 10 years, VIEIX has outperformed VRTVX with an annualized return of 12.20%, while VRTVX has yielded a comparatively lower 10.48% annualized return.
VIEIX
- 1D
- 1.07%
- 1M
- 5.81%
- YTD
- 14.93%
- 6M
- 13.66%
- 1Y
- 30.15%
- 3Y*
- 20.15%
- 5Y*
- 6.92%
- 10Y*
- 12.20%
VRTVX
- 1D
- 0.95%
- 1M
- 4.04%
- YTD
- 18.94%
- 6M
- 18.07%
- 1Y
- 43.21%
- 3Y*
- 18.32%
- 5Y*
- 6.89%
- 10Y*
- 10.48%
VIEIX vs. VRTVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 14.93% | 11.42% | 15.49% | 26.97% | -26.46% | 12.46% | 32.24% | 28.05% | -9.36% | 18.12% |
VRTVX Vanguard Russell 2000 Value Index Fund Institutional Shares | 18.94% | 12.21% | 8.07% | 14.71% | -14.52% | 28.06% | 4.81% | 22.40% | -12.83% | 7.91% |
Correlation
The correlation between VIEIX and VRTVX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010 | 0.92 |
The correlation between VIEIX and VRTVX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
VIEIX vs. VRTVX — Risk / Return Rank
VIEIX
VRTVX
VIEIX vs. VRTVX - 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 Russell 2000 Value Index Fund Institutional Shares (VRTVX). 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.
| VIEIX | VRTVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 5.34 | -2.21 |
| Martin ratioReturn relative to average drawdown | 11.08 | 18.14 | -7.06 |
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
| VIEIX | VRTVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.54 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.32 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.44 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.48 | -0.07 |
Drawdowns
VIEIX vs. VRTVX - Drawdown Comparison
The maximum VIEIX drawdown since its inception was -58.03%, which is greater than VRTVX's maximum drawdown of -45.98%. Use the drawdown chart below to compare losses from any high point for VIEIX and VRTVX.
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Drawdown Indicators
| VIEIX | VRTVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -45.98% | -12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -8.54% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -26.84% | -26.85% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -26.85% | -9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -45.98% | +4.36% |
Current DrawdownCurrent decline from peak | 0.00% | -0.25% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -7.78% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.51% | +0.38% |
Volatility
VIEIX vs. VRTVX - Volatility Comparison
Vanguard Extended Market Index Fund Institutional Shares (VIEIX) and Vanguard Russell 2000 Value Index Fund Institutional Shares (VRTVX) have volatilities of 4.69% and 4.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIEIX | VRTVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.90% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 11.98% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.17% | 17.95% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 21.67% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 23.71% | -1.35% |
VIEIX vs. VRTVX - Expense Ratio Comparison
VIEIX has a 0.05% expense ratio, which is lower than VRTVX's 0.08% 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
VIEIX vs. VRTVX - Dividend Comparison
VIEIX's dividend yield for the trailing twelve months is around 1.01%, less than VRTVX's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 1.01% | 1.14% | 1.10% | 1.26% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% |
VRTVX Vanguard Russell 2000 Value Index Fund Institutional Shares | 1.58% | 1.49% | 1.84% | 2.08% | 2.15% | 1.56% | 1.54% | 1.87% | 2.17% | 1.74% | 1.52% | 2.16% |
Frequently Asked Questions
With a correlation of 0.91, VIEIX and VRTVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VRTVX has higher volatility (4.90%) compared to VIEIX (4.69%). In terms of maximum drawdown, VIEIX dropped -58.03% vs VRTVX's -45.98%.
VRTVX currently has the higher Sharpe Ratio (2.54 vs 1.87), 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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