VIIIX vs. VFIFX
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Vanguard Target Retirement 2050 Fund (VFIFX).
VIIIX is managed by Vanguard. It was launched on Jul 7, 1997. VFIFX is managed by Vanguard. It was launched on Jun 7, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIIIX or VFIFX.
Performance
VIIIX vs. VFIFX - Performance Comparison
Returns By Period
In the year-to-date period, VIIIX achieves a 24.19% return, which is significantly higher than VFIFX's 14.53% return. Over the past 10 years, VIIIX has outperformed VFIFX with an annualized return of 11.99%, while VFIFX has yielded a comparatively lower 8.71% annualized return.
VIIIX
24.19%
0.58%
11.40%
30.12%
13.16%
11.99%
VFIFX
14.53%
-1.47%
5.72%
22.58%
9.80%
8.71%
Key characteristics
| VIIIX | VFIFX | |
|---|---|---|
| Sharpe Ratio | 2.46 | 2.02 |
| Sortino Ratio | 3.31 | 2.87 |
| Omega Ratio | 1.45 | 1.38 |
| Calmar Ratio | 3.59 | 2.82 |
| Martin Ratio | 15.90 | 13.07 |
| Ulcer Index | 1.91% | 1.72% |
| Daily Std Dev | 12.31% | 11.15% |
| Max Drawdown | -55.18% | -51.68% |
| Current Drawdown | -2.14% | -2.47% |
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VIIIX vs. VFIFX - Expense Ratio Comparison
VIIIX has a 0.02% expense ratio, which is lower than VFIFX'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%.
Correlation
The correlation between VIIIX and VFIFX is 0.97, 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
VIIIX vs. VFIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Vanguard Target Retirement 2050 Fund (VFIFX). 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. VFIFX - Dividend Comparison
VIIIX's dividend yield for the trailing twelve months is around 1.28%, less than VFIFX's 1.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.28% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
VFIFX Vanguard Target Retirement 2050 Fund | 1.93% | 2.21% | 2.13% | 2.19% | 1.63% | 2.20% | 2.43% | 1.89% | 1.93% | 2.05% | 2.01% | 1.84% |
Drawdowns
VIIIX vs. VFIFX - Drawdown Comparison
The maximum VIIIX drawdown since its inception was -55.18%, which is greater than VFIFX's maximum drawdown of -51.68%. Use the drawdown chart below to compare losses from any high point for VIIIX and VFIFX. For additional features, visit the drawdowns tool.
Volatility
VIIIX vs. VFIFX - Volatility Comparison
Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a higher volatility of 4.05% compared to Vanguard Target Retirement 2050 Fund (VFIFX) at 2.96%. This indicates that VIIIX's price experiences larger fluctuations and is considered to be riskier than VFIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.