VISVX vs. VTINX

Last updated Jun 5, 2026

VISVX (Vanguard Small Cap Value Index Fund) and VTINX (Vanguard Target Retirement Income Fund) are both mutual funds - VISVX is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index, while VTINX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, VISVX returned 10.29%/yr vs 5.28%/yr for VTINX. A 0.71 correlation means they provide meaningful diversification when combined. VISVX charges 0.19%/yr vs 0.08%/yr for VTINX.

Performance

VISVX vs. VTINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small Cap Value Index Fund (VISVX) and Vanguard Target Retirement Income Fund (VTINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VISVX achieves a 11.60% return, which is significantly higher than VTINX's 4.26% return. Over the past 10 years, VISVX has outperformed VTINX with an annualized return of 10.29%, while VTINX has yielded a comparatively lower 5.28% annualized return.

VISVX

• 1D: -0.37%
• 1M: 1.33%
• YTD: 11.60%
• 6M: 11.81%
• 1Y: 26.25%
• 3Y*: 16.07%
• 5Y*: 7.70%
• 10Y*: 10.29%

VTINX

• 1D: -0.42%
• 1M: 1.34%
• YTD: 4.26%
• 6M: 4.54%
• 1Y: 11.37%
• 3Y*: 9.33%
• 5Y*: 4.09%
• 10Y*: 5.28%

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

VISVX vs. VTINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VISVX Vanguard Small Cap Value Index Fund	11.60%	8.27%	11.21%	16.92%	-9.43%	27.97%	5.68%	22.61%	-12.35%	11.67%
VTINX Vanguard Target Retirement Income Fund	4.26%	11.31%	6.66%	10.66%	-12.75%	5.24%	10.02%	13.16%	-1.98%	7.46%

Correlation

The correlation between VISVX and VTINX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 28, 2003	0.71

The correlation between VISVX and VTINX has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

Return for Risk

VISVX vs. VTINX — Risk / Return Rank

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

VISVX

VISVX Risk / Return Rank: 42
VISVX Sharpe Ratio Rank: 35
VISVX Sortino Ratio Rank: 36
VISVX Omega Ratio Rank: 32
VISVX Calmar Ratio Rank: 58
VISVX Martin Ratio Rank: 50

VTINX

VTINX Risk / Return Rank: 65
VTINX Sharpe Ratio Rank: 66
VTINX Sortino Ratio Rank: 70
VTINX Omega Ratio Rank: 71
VTINX Calmar Ratio Rank: 54
VTINX Martin Ratio Rank: 64

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.

VISVX vs. VTINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Value Index Fund (VISVX) and Vanguard Target Retirement Income Fund (VTINX). 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.

	VISVX	VTINX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.40	-0.70
Sortino ratio: Return per unit of downside risk	2.51	3.52	-1.01
Omega ratio: Gain probability vs. loss probability	1.30	1.47	-0.18
Calmar ratio: Return relative to maximum drawdown	2.90	2.83	+0.07
Martin ratio: Return relative to average drawdown	10.27	12.50	-2.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VISVX vs. VTINX - Sharpe Ratio Comparison

The current VISVX Sharpe Ratio is 1.70, which is comparable to the VTINX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of VISVX and VTINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VISVX	VTINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.40	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.68	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.92	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.93	-0.53

Drawdowns

VISVX vs. VTINX - Drawdown Comparison

The maximum VISVX drawdown since its inception was -62.15%, which is greater than VTINX's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for VISVX and VTINX.

Drawdown Indicators

	VISVX	VTINX	Difference
Max Drawdown Largest peak-to-trough decline	-62.15%	-19.96%	-42.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-4.14%	-4.73%
Max Drawdown (3Y) Largest decline over 3 years	-24.60%	-5.26%	-19.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-17.02%	-7.58%
Max Drawdown (10Y) Largest decline over 10 years	-45.39%	-17.02%	-28.37%
Current Drawdown Current decline from peak	-0.37%	-0.42%	+0.05%
Average Drawdown Average peak-to-trough decline	-9.03%	-2.20%	-6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	0.94%	+1.56%

Volatility

VISVX vs. VTINX - Volatility Comparison

Vanguard Small Cap Value Index Fund (VISVX) has a higher volatility of 3.97% compared to Vanguard Target Retirement Income Fund (VTINX) at 1.81%. This indicates that VISVX's price experiences larger fluctuations and is considered to be riskier than VTINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VISVX	VTINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	1.81%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	4.02%	+6.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	4.90%	+10.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	6.07%	+13.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.82%	5.73%	+16.09%

VISVX vs. VTINX - Expense Ratio Comparison

VISVX has a 0.19% expense ratio, which is higher than VTINX's 0.08% 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

VISVX vs. VTINX - Dividend Comparison

VISVX's dividend yield for the trailing twelve months is around 1.65%, less than VTINX's 4.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VISVX Vanguard Small Cap Value Index Fund	1.65%	1.28%	1.86%	1.98%	1.90%	1.63%	1.58%	1.95%	2.20%	1.68%	1.42%	1.85%
VTINX Vanguard Target Retirement Income Fund	4.82%	5.02%	5.89%	4.01%	3.08%	8.63%	3.42%	2.62%	4.19%	1.56%	2.27%	3.53%

Frequently Asked Questions

Can I hold both VISVX and VTINX in my portfolio?

VISVX and VTINX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VISVX or VTINX?

VISVX has higher volatility (3.97%) compared to VTINX (1.81%). In terms of maximum drawdown, VISVX dropped -62.15% vs VTINX's -19.96%.

Which has better risk-adjusted returns?

VTINX currently has the higher Sharpe Ratio (2.40 vs 1.70), 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.