VINIX vs. VSIAX
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX).
VINIX is managed by Vanguard. It was launched on Jul 31, 1990. VSIAX is managed by Vanguard. It was launched on Sep 27, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VINIX or VSIAX.
Performance
VINIX vs. VSIAX - Performance Comparison
Returns By Period
In the year-to-date period, VINIX achieves a 26.22% return, which is significantly higher than VSIAX's 19.05% return. Over the past 10 years, VINIX has outperformed VSIAX with an annualized return of 13.17%, while VSIAX has yielded a comparatively lower 9.40% annualized return.
VINIX
26.22%
1.79%
13.66%
32.34%
15.68%
13.17%
VSIAX
19.05%
5.14%
14.96%
32.13%
12.08%
9.40%
Key characteristics
| VINIX | VSIAX | |
|---|---|---|
| Sharpe Ratio | 2.69 | 1.97 |
| Sortino Ratio | 3.58 | 2.80 |
| Omega Ratio | 1.50 | 1.35 |
| Calmar Ratio | 3.89 | 4.02 |
| Martin Ratio | 17.49 | 11.13 |
| Ulcer Index | 1.88% | 2.95% |
| Daily Std Dev | 12.24% | 16.66% |
| Max Drawdown | -55.19% | -45.39% |
| Current Drawdown | -0.81% | -1.27% |
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VINIX vs. VSIAX - Expense Ratio Comparison
VINIX has a 0.04% expense ratio, which is lower than VSIAX's 0.07% 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 VINIX and VSIAX is 0.84, 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. VSIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). 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. VSIAX - Dividend Comparison
VINIX's dividend yield for the trailing twelve months is around 1.25%, less than VSIAX's 1.89% 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% |
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 1.89% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% | 1.77% | 1.87% |
Drawdowns
VINIX vs. VSIAX - Drawdown Comparison
The maximum VINIX drawdown since its inception was -55.19%, which is greater than VSIAX's maximum drawdown of -45.39%. Use the drawdown chart below to compare losses from any high point for VINIX and VSIAX. For additional features, visit the drawdowns tool.
Volatility
VINIX vs. VSIAX - Volatility Comparison
The current volatility for Vanguard Institutional Index Fund Institutional Shares (VINIX) is 3.95%, while Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) has a volatility of 5.76%. This indicates that VINIX experiences smaller price fluctuations and is considered to be less risky than VSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.