VIS vs. VINAX

Last updated Jun 23, 2026

VIS (Vanguard Industrials ETF) and VINAX (Vanguard Industrials Index Fund Admiral Shares) are both Industrials Equities funds from Vanguard. Over the past 10 years, VIS returned 14.85%/yr vs 14.36%/yr for VINAX. With a 0.99 correlation, they move nearly in lockstep. VIS charges 0.09%/yr vs 0.10%/yr for VINAX.

Performance

VIS vs. VINAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Industrials ETF (VIS) and Vanguard Industrials Index Fund Admiral Shares (VINAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VIS having a 19.57% return and VINAX slightly lower at 18.74%. Both investments have delivered pretty close results over the past 10 years, with VIS having a 14.85% annualized return and VINAX not far behind at 14.36%.

VIS

• 1D: 0.66%
• 1M: 5.89%
• YTD: 19.57%
• 6M: 17.53%
• 1Y: 33.16%
• 3Y*: 23.08%
• 5Y*: 14.26%
• 10Y*: 14.85%

VINAX

• 1D: 1.05%
• 1M: 5.13%
• YTD: 18.74%
• 6M: 16.69%
• 1Y: 32.25%
• 3Y*: 22.18%
• 5Y*: 14.60%
• 10Y*: 14.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VIS vs. VINAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIS Vanguard Industrials ETF	19.57%	18.57%	16.85%	22.50%	-8.57%	20.80%	12.34%	30.09%	-14.01%	21.47%
VINAX Vanguard Industrials Index Fund Admiral Shares	18.74%	18.53%	16.95%	22.38%	-8.51%	20.66%	12.25%	30.16%	-13.93%	21.50%

Correlation

The correlation between VIS and VINAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004	0.99

The correlation between VIS and VINAX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

VIS vs. VINAX - Sectors Allocation Comparison

Sectors	VIS	VINAX
Industrials	90.2%	90.2%
Technology	4.2%	4.2%
Utilities	3.8%	3.8%
Consumer Cyclical	1.1%	1.1%
Financial Services	0.2%	0.2%
Energy	0.2%	0.2%
Basic Materials	0.1%	0.1%
Communication Services	0.0%	0.0%
Real Estate	0.0%	0.0%
Healthcare	0.0%	0.0%
Consumer Defensive	-	-

Return for Risk

VIS vs. VINAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIS

VIS Risk / Return Rank: 59
VIS Sharpe Ratio Rank: 60
VIS Sortino Ratio Rank: 59
VIS Omega Ratio Rank: 54
VIS Calmar Ratio Rank: 56
VIS Martin Ratio Rank: 64

VINAX

VINAX Risk / Return Rank: 49
VINAX Sharpe Ratio Rank: 48
VINAX Sortino Ratio Rank: 46
VINAX Omega Ratio Rank: 41
VINAX Calmar Ratio Rank: 53
VINAX Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIS vs. VINAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Industrials ETF (VIS) and Vanguard Industrials Index Fund Admiral Shares (VINAX). 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.

	VIS	VINAX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.88	+0.05
Sortino ratio: Return per unit of downside risk	2.71	2.64	+0.06
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	2.71	2.65	+0.06
Martin ratio: Return relative to average drawdown	11.22	10.98	+0.24

VIS vs. VINAX - Sharpe Ratio Comparison

The current VIS Sharpe Ratio is 1.93, which is comparable to the VINAX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of VIS and VINAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIS vs. VINAX - Drawdown Comparison

The maximum VIS drawdown since its inception was -63.51%, roughly equal to the maximum VINAX drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for VIS and VINAX.

Drawdown Indicators

	VIS	VINAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.51%	-63.43%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-12.25%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-20.80%	-20.59%	-0.21%
Max Drawdown (5Y) Largest decline over 5 years	-22.96%	-23.07%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-42.42%	-42.45%	+0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.36%	-8.34%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.95%	+0.01%

Volatility

VIS vs. VINAX - Volatility Comparison

Vanguard Industrials ETF (VIS) and Vanguard Industrials Index Fund Admiral Shares (VINAX) have volatilities of 6.13% and 6.26%, 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.

Volatility by Period

	VIS	VINAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	6.26%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	14.34%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	17.27%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	18.51%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	20.53%	-0.03%

VIS vs. VINAX - Expense Ratio Comparison

VIS has a 0.09% expense ratio, which is lower than VINAX's 0.10% 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%.

Dividends

VIS vs. VINAX - Dividend Comparison

VIS's dividend yield for the trailing twelve months is around 0.85%, less than VINAX's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VINAX Vanguard Industrials Index Fund Admiral Shares	0.86%	1.01%	1.23%	1.36%	1.51%	1.06%	1.39%	1.68%	1.90%	1.60%	1.82%	1.94%
VIS Vanguard Industrials ETF	0.85%	1.01%	1.23%	1.36%	1.52%	1.11%	1.38%	1.68%	1.90%	1.60%	1.81%	1.94%

Frequently Asked Questions

Can I hold both VIS and VINAX in my portfolio?

With a correlation of 1.00, VIS and VINAX 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.

Which is riskier, VIS or VINAX?

VINAX has higher volatility (6.26%) compared to VIS (6.13%). In terms of maximum drawdown, VIS dropped -63.51% vs VINAX's -63.43%.

Which has better risk-adjusted returns?

VIS currently has the higher Sharpe Ratio (1.93 vs 1.88), 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.