VINIX vs. VOO
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard S&P 500 ETF (VOO).
VINIX is managed by Vanguard. It was launched on Jul 31, 1990. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VINIX or VOO.
Performance
VINIX vs. VOO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VINIX having a 26.22% return and VOO slightly lower at 26.16%. Both investments have delivered pretty close results over the past 10 years, with VINIX having a 13.17% annualized return and VOO not far ahead at 13.18%.
VINIX
26.22%
1.79%
13.66%
32.34%
15.68%
13.17%
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| VINIX | VOO | |
|---|---|---|
| Sharpe Ratio | 2.69 | 2.70 |
| Sortino Ratio | 3.58 | 3.60 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 3.89 | 3.90 |
| Martin Ratio | 17.49 | 17.65 |
| Ulcer Index | 1.88% | 1.86% |
| Daily Std Dev | 12.24% | 12.19% |
| Max Drawdown | -55.19% | -33.99% |
| Current Drawdown | -0.81% | -0.86% |
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VINIX vs. VOO - Expense Ratio Comparison
VINIX has a 0.04% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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 VINIX and VOO is 1.00, 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
VINIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VINIX's dividend yield for the trailing twelve months is around 1.25%, which matches VOO's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VINIX Vanguard Institutional Index Fund Institutional Shares | 1.25% | 1.47% | 1.74% | 1.28% | 1.59% | 1.91% | 2.13% | 1.82% | 2.07% | 2.45% | 1.88% | 1.85% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VINIX vs. VOO - Drawdown Comparison
The maximum VINIX drawdown since its inception was -55.19%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VINIX and VOO. For additional features, visit the drawdowns tool.
Volatility
VINIX vs. VOO - Volatility Comparison
Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.95% and 3.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.