VINIX vs. VTI
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Total Stock Market ETF (VTI).
VINIX is managed by Vanguard. It was launched on Jul 31, 1990. 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: VINIX or VTI.
Key characteristics
| VINIX | VTI | |
|---|---|---|
| YTD Return | 11.78% | 10.96% |
| 1Y Return | 28.23% | 27.93% |
| 3Y Return (Ann) | 10.40% | 8.76% |
| 5Y Return (Ann) | 15.02% | 14.22% |
| 10Y Return (Ann) | 13.04% | 12.46% |
| Sharpe Ratio | 2.55 | 2.46 |
| Daily Std Dev | 11.55% | 11.89% |
| Max Drawdown | -55.19% | -55.45% |
| Current Drawdown | -0.07% | -0.13% |
Correlation
The correlation between VINIX and VTI is 0.99, 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. VTI - Performance Comparison
In the year-to-date period, VINIX achieves a 11.78% return, which is significantly higher than VTI's 10.96% return. Both investments have delivered pretty close results over the past 10 years, with VINIX having a 13.04% annualized return and VTI not far behind at 12.46%. 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. VTI - Expense Ratio Comparison
VINIX has a 0.04% expense ratio, which is higher than VTI'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%.
Risk-Adjusted Performance
VINIX vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Shares (VINIX) 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
VINIX vs. VTI - Dividend Comparison
VINIX's dividend yield for the trailing twelve months is around 2.66%, more than VTI's 1.35% 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% |
VTI Vanguard Total Stock Market ETF | 1.35% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
VINIX vs. VTI - Drawdown Comparison
The maximum VINIX drawdown since its inception was -55.19%, roughly equal to the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VINIX and VTI. For additional features, visit the drawdowns tool.
Volatility
VINIX vs. VTI - Volatility Comparison
Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.36% and 3.42%, 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.