VINIX vs. VEXRX
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Explorer Fund Admiral Shares (VEXRX).
VINIX is managed by Vanguard. It was launched on Jul 31, 1990. VEXRX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VINIX or VEXRX.
Key characteristics
| VINIX | VEXRX | |
|---|---|---|
| YTD Return | 11.78% | 5.54% |
| 1Y Return | 28.23% | 18.90% |
| 3Y Return (Ann) | 10.40% | 1.77% |
| 5Y Return (Ann) | 15.02% | 10.62% |
| 10Y Return (Ann) | 13.04% | 10.81% |
| Sharpe Ratio | 2.55 | 1.22 |
| Daily Std Dev | 11.55% | 16.31% |
| Max Drawdown | -55.19% | -57.26% |
| Current Drawdown | -0.07% | -7.96% |
Correlation
The correlation between VINIX and VEXRX is 0.89, 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
VINIX vs. VEXRX - Performance Comparison
In the year-to-date period, VINIX achieves a 11.78% return, which is significantly higher than VEXRX's 5.54% return. Over the past 10 years, VINIX has outperformed VEXRX with an annualized return of 13.04%, while VEXRX has yielded a comparatively lower 10.81% 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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VINIX vs. VEXRX - Expense Ratio Comparison
VINIX has a 0.04% expense ratio, which is lower than VEXRX's 0.29% expense ratio.
Risk-Adjusted Performance
VINIX vs. VEXRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Explorer Fund Admiral Shares (VEXRX). 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
VINIX vs. VEXRX - Dividend Comparison
VINIX's dividend yield for the trailing twelve months is around 2.66%, more than VEXRX's 0.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VINIX Vanguard Institutional Index Fund Institutional Shares | 2.66% | 2.97% | 3.38% | 4.77% | 3.06% | 2.85% | 2.43% | 1.82% | 2.36% | 2.45% | 1.88% | 1.85% |
VEXRX Vanguard Explorer Fund Admiral Shares | 0.85% | 0.89% | 5.22% | 16.17% | 6.76% | 5.08% | 11.13% | 11.96% | 4.63% | 10.89% | 15.38% | 10.69% |
Drawdowns
VINIX vs. VEXRX - Drawdown Comparison
The maximum VINIX drawdown since its inception was -55.19%, roughly equal to the maximum VEXRX drawdown of -57.26%. Use the drawdown chart below to compare losses from any high point for VINIX and VEXRX. For additional features, visit the drawdowns tool.
Volatility
VINIX vs. VEXRX - Volatility Comparison
The current volatility for Vanguard Institutional Index Fund Institutional Shares (VINIX) is 3.36%, while Vanguard Explorer Fund Admiral Shares (VEXRX) has a volatility of 3.72%. This indicates that VINIX experiences smaller price fluctuations and is considered to be less risky than VEXRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.