VIVAX vs. VMVLX
Compare and contrast key facts about Vanguard Value Index Fund (VIVAX) and Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX).
VIVAX is managed by Vanguard. It was launched on Nov 2, 1992. VMVLX is managed by Vanguard. It was launched on Mar 5, 2008.
Performance
VIVAX vs. VMVLX - Performance Comparison
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VIVAX vs. VMVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 1.61% | 14.50% | 15.85% | 9.08% | -2.18% | 26.32% | 2.18% | 25.66% | -5.56% | 16.98% |
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 1.60% | 15.60% | 16.87% | 9.14% | -1.21% | 25.92% | 2.48% | 25.71% | -4.09% | 16.81% |
Returns By Period
The year-to-date returns for both stocks are quite close, with VIVAX having a 1.61% return and VMVLX slightly lower at 1.60%. Both investments have delivered pretty close results over the past 10 years, with VIVAX having a 11.42% annualized return and VMVLX not far ahead at 11.81%.
VIVAX
- 1D
- -0.17%
- 1M
- -6.37%
- YTD
- 1.61%
- 6M
- 4.57%
- 1Y
- 14.03%
- 3Y*
- 14.10%
- 5Y*
- 10.37%
- 10Y*
- 11.42%
VMVLX
- 1D
- -0.09%
- 1M
- -6.34%
- YTD
- 1.60%
- 6M
- 4.74%
- 1Y
- 13.17%
- 3Y*
- 14.85%
- 5Y*
- 11.09%
- 10Y*
- 11.81%
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VIVAX vs. VMVLX - Expense Ratio Comparison
VIVAX has a 0.17% expense ratio, which is higher than VMVLX's 0.06% 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%.
Return for Risk
VIVAX vs. VMVLX — Risk / Return Rank
VIVAX
VMVLX
VIVAX vs. VMVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund (VIVAX) and Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX). 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.
| VIVAX | VMVLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.00 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.44 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.20 | +0.03 |
Martin ratioReturn relative to average drawdown | 5.60 | 5.27 | +0.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VIVAX | VMVLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.00 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.82 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.72 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.44 | +0.10 |
Correlation
The correlation between VIVAX and VMVLX is 1.00, 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.
Dividends
VIVAX vs. VMVLX - Dividend Comparison
VIVAX's dividend yield for the trailing twelve months is around 1.93%, less than VMVLX's 2.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 1.93% | 1.42% | 2.19% | 2.33% | 2.39% | 2.02% | 2.43% | 2.39% | 2.59% | 2.18% | 2.33% | 2.46% |
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 2.11% | 2.05% | 2.32% | 2.49% | 2.46% | 2.18% | 2.47% | 2.70% | 2.66% | 2.36% | 1.90% | 2.62% |
Drawdowns
VIVAX vs. VMVLX - Drawdown Comparison
The maximum VIVAX drawdown since its inception was -59.38%, which is greater than VMVLX's maximum drawdown of -55.79%. Use the drawdown chart below to compare losses from any high point for VIVAX and VMVLX.
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Drawdown Indicators
| VIVAX | VMVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -55.79% | -3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -10.93% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -16.60% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -35.57% | -1.24% |
Current DrawdownCurrent decline from peak | -6.37% | -6.41% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -7.72% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.49% | 0.00% |
Volatility
VIVAX vs. VMVLX - Volatility Comparison
Vanguard Value Index Fund (VIVAX) and Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) have volatilities of 3.27% and 3.13%, 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
| VIVAX | VMVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.13% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 7.30% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 14.49% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 13.55% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 16.46% | +0.28% |