VIIIX vs. VIGIX
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Vanguard Growth Index Fund Institutional Shares (VIGIX).
VIIIX is managed by Vanguard. It was launched on Jul 7, 1997. VIGIX is managed by Vanguard. It was launched on May 14, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIIIX or VIGIX.
Performance
VIIIX vs. VIGIX - Performance Comparison
Returns By Period
In the year-to-date period, VIIIX achieves a 24.19% return, which is significantly lower than VIGIX's 28.44% return. Over the past 10 years, VIIIX has underperformed VIGIX with an annualized return of 11.99%, while VIGIX has yielded a comparatively higher 15.46% annualized return.
VIIIX
24.19%
0.58%
11.40%
30.12%
13.16%
11.99%
VIGIX
28.44%
2.17%
13.82%
35.46%
18.63%
15.46%
Key characteristics
| VIIIX | VIGIX | |
|---|---|---|
| Sharpe Ratio | 2.46 | 2.12 |
| Sortino Ratio | 3.31 | 2.75 |
| Omega Ratio | 1.45 | 1.39 |
| Calmar Ratio | 3.59 | 2.78 |
| Martin Ratio | 15.90 | 10.97 |
| Ulcer Index | 1.91% | 3.28% |
| Daily Std Dev | 12.31% | 17.02% |
| Max Drawdown | -55.18% | -57.17% |
| Current Drawdown | -2.14% | -2.70% |
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VIIIX vs. VIGIX - Expense Ratio Comparison
VIIIX has a 0.02% expense ratio, which is lower than VIGIX's 0.04% 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 VIGIX 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
VIIIX vs. VIGIX - 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 Growth Index Fund Institutional Shares (VIGIX). 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. VIGIX - Dividend Comparison
VIIIX's dividend yield for the trailing twelve months is around 1.28%, more than VIGIX's 0.49% 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% |
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% |
Drawdowns
VIIIX vs. VIGIX - Drawdown Comparison
The maximum VIIIX drawdown since its inception was -55.18%, roughly equal to the maximum VIGIX drawdown of -57.17%. Use the drawdown chart below to compare losses from any high point for VIIIX and VIGIX. For additional features, visit the drawdowns tool.
Volatility
VIIIX vs. VIGIX - Volatility Comparison
The current volatility for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) is 4.05%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 5.43%. This indicates that VIIIX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.