VIIIX vs. VTI
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) and Vanguard Total Stock Market ETF (VTI).
VIIIX is managed by Vanguard. It was launched on Jul 7, 1997. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIIIX or VTI.
Performance
VIIIX vs. VTI - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VIIIX having a 24.19% return and VTI slightly lower at 23.63%. Over the past 10 years, VIIIX has underperformed VTI with an annualized return of 11.99%, while VTI has yielded a comparatively higher 12.59% annualized return.
VIIIX
24.19%
0.58%
11.40%
30.12%
13.16%
11.99%
VTI
23.63%
0.87%
11.41%
32.34%
14.66%
12.59%
Key characteristics
| VIIIX | VTI | |
|---|---|---|
| Sharpe Ratio | 2.46 | 2.58 |
| Sortino Ratio | 3.31 | 3.45 |
| Omega Ratio | 1.45 | 1.48 |
| Calmar Ratio | 3.59 | 3.76 |
| Martin Ratio | 15.90 | 16.56 |
| Ulcer Index | 1.91% | 1.95% |
| Daily Std Dev | 12.31% | 12.51% |
| Max Drawdown | -55.18% | -55.45% |
| Current Drawdown | -2.14% | -2.43% |
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VIIIX vs. VTI - Expense Ratio Comparison
VIIIX has a 0.02% expense ratio, which is lower than VTI's 0.03% 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 VTI is 0.98, 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. VTI - 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 Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
VIIIX's dividend yield for the trailing twelve months is around 1.28%, which matches VTI's 1.29% 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% |
VTI Vanguard Total Stock Market ETF | 1.29% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
VIIIX vs. VTI - Drawdown Comparison
The maximum VIIIX drawdown since its inception was -55.18%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VIIIX and VTI. For additional features, visit the drawdowns tool.
Volatility
VIIIX vs. VTI - Volatility Comparison
The current volatility for Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) is 4.05%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.28%. This indicates that VIIIX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.