VIGIX vs. VIIIX
Compare and contrast key facts about Vanguard Growth Index Fund Institutional Shares (VIGIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VIGIX is managed by Vanguard. It was launched on May 14, 1998. 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: VIGIX or VIIIX.
Performance
VIGIX vs. VIIIX - Performance Comparison
Returns By Period
In the year-to-date period, VIGIX achieves a 30.43% return, which is significantly higher than VIIIX's 25.89% return. Over the past 10 years, VIGIX has outperformed VIIIX with an annualized return of 15.50%, while VIIIX has yielded a comparatively lower 12.04% annualized return.
VIGIX
30.43%
2.57%
15.03%
35.86%
19.10%
15.50%
VIIIX
25.89%
1.79%
13.67%
30.47%
13.55%
12.04%
Key characteristics
| VIGIX | VIIIX | |
|---|---|---|
| Sharpe Ratio | 2.15 | 2.52 |
| Sortino Ratio | 2.78 | 3.38 |
| Omega Ratio | 1.40 | 1.46 |
| Calmar Ratio | 2.82 | 3.67 |
| Martin Ratio | 11.10 | 16.20 |
| Ulcer Index | 3.29% | 1.91% |
| Daily Std Dev | 17.01% | 12.30% |
| Max Drawdown | -57.17% | -55.18% |
| Current Drawdown | -1.20% | -0.81% |
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VIGIX vs. VIIIX - Expense Ratio Comparison
VIGIX has a 0.04% 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 VIGIX and VIIIX is 0.96, 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
VIGIX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth Index Fund Institutional Shares (VIGIX) 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
VIGIX vs. VIIIX - Dividend Comparison
VIGIX's dividend yield for the trailing twelve months is around 0.49%, less than VIIIX's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIGIX Vanguard Growth Index Fund Institutional Shares | 0.49% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.15% | 1.40% | 1.31% | 1.22% | 1.20% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.26% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
VIGIX vs. VIIIX - Drawdown Comparison
The maximum VIGIX drawdown since its inception was -57.17%, roughly equal to the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VIGIX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VIGIX vs. VIIIX - Volatility Comparison
Vanguard Growth Index Fund Institutional Shares (VIGIX) has a higher volatility of 5.24% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 3.96%. This indicates that VIGIX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.