VINIX vs. VTI
VINIX (Vanguard Institutional Index Fund Institutional Shares) and VTI (Vanguard Total Stock Market ETF) are both funds - VINIX is a S&P 500 fund tracking the S&P 500 Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, VINIX returned 15.06%/yr vs 14.63%/yr for VTI. Their 0.99 correlation means they have historically moved very closely together. VINIX charges 0.04%/yr vs 0.03%/yr for VTI.
Performance
VINIX vs. VTI - Performance Comparison
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Returns By Period
In the year-to-date period, VINIX achieves a 9.34% return, which is significantly lower than VTI's 10.49% return. Both investments have delivered pretty close results over the past 10 years, with VINIX having a 15.06% annualized return and VTI not far behind at 14.63%.
VINIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.78%
- YTD
- 9.34%
- 1Y
- 20.61%
- 3Y*
- 19.42%
- 5Y*
- 12.81%
- 10Y*
- 15.06%
- ALL TIME*
- 10.97%
VTI
- 1D
- 0.53%
- 1M
- -0.15%
- 6M
- 8.77%
- YTD
- 10.49%
- 1Y
- 21.84%
- 3Y*
- 18.92%
- 5Y*
- 11.74%
- 10Y*
- 14.63%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.06B | $1.16B | $1.24B |
VINIX vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VINIX Vanguard Institutional Index Fund Institutional Shares | 9.34% | 17.85% | 26.28% | 25.77% | -18.15% | 28.67% | 18.40% | 31.46% | -4.42% | 21.79% |
VTI Vanguard Total Stock Market ETF | 10.49% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Correlation
The correlation between VINIX and VTI is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 31, 2001 | 0.99 |
The correlation between VINIX and VTI has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
VINIX vs. VTI - Sectors Allocation Comparison
Sectors
VINIX
VTI
Technology
Financial Services
Communication Services
Consumer Cyclical
Healthcare
Industrials
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
VINIX
VTI
Financial Services
VINIX
VTI
Communication Services
VINIX
VTI
Consumer Cyclical
VINIX
VTI
Healthcare
VINIX
VTI
Industrials
VINIX
VTI
Consumer Defensive
VINIX
VTI
Energy
VINIX
VTI
Utilities
VINIX
VTI
Real Estate
VINIX
VTI
Basic Materials
VINIX
VTI
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Return for Risk
VINIX vs. VTI — Risk / Return Rank
VINIX
VTI
VINIX vs. VTI - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VINIX | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.23 | -0.17 |
| Martin ratioReturn relative to average drawdown | 8.85 | 9.62 | -0.77 |
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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.
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Drawdown Indicators
| VINIX | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.19% | -55.45% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -8.92% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -19.30% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.51% | -25.36% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -35.00% | +1.21% |
Current DrawdownCurrent decline from peak | -2.11% | -1.36% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -7.99% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.07% | 0.00% |
Volatility
VINIX vs. VTI - Volatility Comparison
Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.44% and 3.46%, 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.
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Volatility by Period
| VINIX | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.46% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 10.24% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 13.10% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 17.51% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 18.30% | -0.24% |
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%.
Dividends
VINIX vs. VTI - Dividend Comparison
VINIX's dividend yield for the trailing twelve months is around 2.50%, more than VTI's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VINIX Vanguard Institutional Index Fund Institutional Shares | 2.50% | 2.10% | 3.64% | 2.65% | 3.38% | 4.77% | 3.06% | 2.85% | 2.43% | 1.82% | 2.36% | 2.45% |
VTI Vanguard Total Stock Market ETF | 1.06% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
With a correlation of 0.99, VINIX and VTI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTI has higher volatility (3.46%) compared to VINIX (3.44%). In terms of maximum drawdown, VINIX dropped -55.19% vs VTI's -55.45%.
VTI currently has the higher Sharpe Ratio (1.52 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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