VINIX vs. VWNAX
Compare and contrast key facts about Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Windsor II Fund Admiral Shares (VWNAX).
VINIX is managed by Vanguard. It was launched on Jul 31, 1990. VWNAX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VINIX or VWNAX.
Performance
VINIX vs. VWNAX - Performance Comparison
Returns By Period
In the year-to-date period, VINIX achieves a 25.53% return, which is significantly higher than VWNAX's 16.55% return. Over the past 10 years, VINIX has outperformed VWNAX with an annualized return of 13.15%, while VWNAX has yielded a comparatively lower 10.62% annualized return.
VINIX
25.53%
1.18%
12.21%
32.16%
15.57%
13.15%
VWNAX
16.55%
0.05%
5.97%
24.41%
13.31%
10.62%
Key characteristics
| VINIX | VWNAX | |
|---|---|---|
| Sharpe Ratio | 2.61 | 2.24 |
| Sortino Ratio | 3.49 | 3.03 |
| Omega Ratio | 1.48 | 1.41 |
| Calmar Ratio | 3.77 | 3.55 |
| Martin Ratio | 16.97 | 14.89 |
| Ulcer Index | 1.88% | 1.62% |
| Daily Std Dev | 12.24% | 10.78% |
| Max Drawdown | -55.19% | -57.51% |
| Current Drawdown | -1.35% | -1.88% |
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VINIX vs. VWNAX - Expense Ratio Comparison
VINIX has a 0.04% expense ratio, which is lower than VWNAX's 0.26% 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 VWNAX is 0.96, 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. VWNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Index Fund Institutional Shares (VINIX) and Vanguard Windsor II Fund Admiral Shares (VWNAX). 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. VWNAX - Dividend Comparison
VINIX's dividend yield for the trailing twelve months is around 1.26%, less than VWNAX's 1.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VINIX Vanguard Institutional Index Fund Institutional Shares | 1.26% | 1.47% | 1.74% | 1.28% | 1.59% | 1.91% | 2.13% | 1.82% | 2.07% | 2.45% | 1.88% | 1.85% |
VWNAX Vanguard Windsor II Fund Admiral Shares | 1.63% | 1.72% | 1.70% | 1.26% | 1.38% | 2.20% | 2.70% | 2.09% | 2.57% | 2.49% | 2.42% | 2.08% |
Drawdowns
VINIX vs. VWNAX - Drawdown Comparison
The maximum VINIX drawdown since its inception was -55.19%, roughly equal to the maximum VWNAX drawdown of -57.51%. Use the drawdown chart below to compare losses from any high point for VINIX and VWNAX. For additional features, visit the drawdowns tool.
Volatility
VINIX vs. VWNAX - Volatility Comparison
Vanguard Institutional Index Fund Institutional Shares (VINIX) has a higher volatility of 4.06% compared to Vanguard Windsor II Fund Admiral Shares (VWNAX) at 3.50%. This indicates that VINIX's price experiences larger fluctuations and is considered to be riskier than VWNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.