VIIIX vs. SCHD
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Schwab U.S. 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.
Performance
VIIIX vs. SCHD - Performance Comparison
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VIIIX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | -7.06% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
SCHD Schwab U.S. Dividend Equity ETF | 12.79% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Returns By Period
In the year-to-date period, VIIIX achieves a -7.06% return, which is significantly lower than SCHD's 12.79% return. Over the past 10 years, VIIIX has outperformed SCHD with an annualized return of 13.82%, while SCHD has yielded a comparatively lower 12.31% annualized return.
VIIIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.06%
- 6M
- -4.59%
- 1Y
- 14.44%
- 3Y*
- 17.57%
- 5Y*
- 11.54%
- 10Y*
- 13.82%
SCHD
- 1D
- 0.66%
- 1M
- -2.61%
- YTD
- 12.79%
- 6M
- 14.49%
- 1Y
- 13.97%
- 3Y*
- 12.05%
- 5Y*
- 8.44%
- 10Y*
- 12.31%
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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%.
Return for Risk
VIIIX vs. SCHD — Risk / Return Rank
VIIIX
SCHD
VIIIX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Schwab U.S. 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.
| VIIIX | SCHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.89 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.35 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.19 | -0.14 |
Martin ratioReturn relative to average drawdown | 5.14 | 3.99 | +1.15 |
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
| VIIIX | SCHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 0.89 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.59 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.74 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.84 | -0.38 |
Correlation
The correlation between VIIIX and SCHD is 0.82, 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.
Dividends
VIIIX vs. SCHD - Dividend Comparison
VIIIX's dividend yield for the trailing twelve months is around 2.90%, less than SCHD's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.90% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
SCHD Schwab U.S. Dividend Equity ETF | 3.44% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
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.
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Drawdown Indicators
| VIIIX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -33.37% | -21.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -12.74% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -16.85% | -7.65% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -33.37% | -0.42% |
Current DrawdownCurrent decline from peak | -8.90% | -2.89% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -3.34% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.89% | -1.40% |
Volatility
VIIIX vs. SCHD - Volatility Comparison
Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a higher volatility of 4.24% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.40%. 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.
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Volatility by Period
| VIIIX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.40% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 7.96% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 15.74% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 14.40% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 16.70% | +1.32% |