VIIIX vs. SCHD
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Schwab US Dividend Equity ETF (SCHD).
VIIIX is managed by Vanguard. It was launched on Jul 7, 1997. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIIIX or SCHD.
Key characteristics
| VIIIX | SCHD | |
|---|---|---|
| YTD Return | 11.79% | 6.01% |
| 1Y Return | 28.25% | 17.73% |
| 3Y Return (Ann) | 10.41% | 5.03% |
| 5Y Return (Ann) | 15.04% | 12.83% |
| 10Y Return (Ann) | 13.06% | 11.44% |
| Sharpe Ratio | 2.53 | 1.66 |
| Daily Std Dev | 11.64% | 11.04% |
| Max Drawdown | -55.18% | -33.37% |
| Current Drawdown | -0.07% | -0.68% |
Correlation
The correlation between VIIIX and SCHD is 0.88, 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.
Performance
VIIIX vs. SCHD - Performance Comparison
In the year-to-date period, VIIIX achieves a 11.79% return, which is significantly higher than SCHD's 6.01% return. Over the past 10 years, VIIIX has outperformed SCHD with an annualized return of 13.06%, while SCHD has yielded a comparatively lower 11.44% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VIIIX vs. SCHD - Expense Ratio Comparison
VIIIX has a 0.02% expense ratio, which is lower than SCHD's 0.06% 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%.
Risk-Adjusted Performance
VIIIX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Schwab US Dividend Equity ETF (SCHD). 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
VIIIX vs. SCHD - Dividend Comparison
VIIIX's dividend yield for the trailing twelve months is around 2.68%, less than SCHD's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.68% | 2.98% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% | 1.90% | 1.51% |
SCHD Schwab US Dividend Equity ETF | 3.34% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
VIIIX vs. SCHD - Drawdown Comparison
The maximum VIIIX drawdown since its inception was -55.18%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for VIIIX and SCHD. For additional features, visit the drawdowns tool.
Volatility
VIIIX vs. SCHD - Volatility Comparison
Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a higher volatility of 3.37% compared to Schwab US Dividend Equity ETF (SCHD) at 2.47%. This indicates that VIIIX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.