VIVAX vs. VOLMX

Last updated Jun 4, 2026

VIVAX (Vanguard Value Index Fund) and VOLMX (Volumetric Fund) are both mutual funds - VIVAX is a Large Cap Value Equities fund managed by Vanguard, while VOLMX is a Large Cap Blend Equities fund managed by Volumetric. Over the past 10 years, VIVAX returned 12.27%/yr vs 5.58%/yr for VOLMX. Their correlation of 0.89 suggests significant overlap in exposure. VIVAX charges 0.17%/yr vs 1.89%/yr for VOLMX.

Performance

VIVAX vs. VOLMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value Index Fund (VIVAX) and Volumetric Fund (VOLMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIVAX achieves a 12.20% return, which is significantly higher than VOLMX's 9.14% return. Over the past 10 years, VIVAX has outperformed VOLMX with an annualized return of 12.27%, while VOLMX has yielded a comparatively lower 5.58% annualized return.

VIVAX

• 1D: 0.86%
• 1M: 4.21%
• YTD: 12.20%
• 6M: 13.03%
• 1Y: 26.06%
• 3Y*: 17.88%
• 5Y*: 11.03%
• 10Y*: 12.27%

VOLMX

• 1D: 2.41%
• 1M: 5.71%
• YTD: 9.14%
• 6M: 8.08%
• 1Y: 13.37%
• 3Y*: 8.46%
• 5Y*: 3.77%
• 10Y*: 5.58%

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

VIVAX vs. VOLMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIVAX Vanguard Value Index Fund	12.20%	14.50%	15.85%	9.08%	-2.18%	26.32%	2.18%	25.66%	-5.56%	16.98%
VOLMX Volumetric Fund	9.14%	1.52%	5.77%	12.57%	-14.29%	17.79%	10.05%	20.13%	-10.31%	9.08%

Correlation

The correlation between VIVAX and VOLMX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 2, 1992	0.89

The correlation between VIVAX and VOLMX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

VIVAX vs. VOLMX — Risk / Return Rank

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

VIVAX

VIVAX Risk / Return Rank: 81
VIVAX Sharpe Ratio Rank: 82
VIVAX Sortino Ratio Rank: 80
VIVAX Omega Ratio Rank: 71
VIVAX Calmar Ratio Rank: 87
VIVAX Martin Ratio Rank: 84

VOLMX

VOLMX Risk / Return Rank: 19
VOLMX Sharpe Ratio Rank: 18
VOLMX Sortino Ratio Rank: 18
VOLMX Omega Ratio Rank: 17
VOLMX Calmar Ratio Rank: 19
VOLMX Martin Ratio Rank: 24

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.

VIVAX vs. VOLMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund (VIVAX) and Volumetric Fund (VOLMX). 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	VOLMX	Difference
Sharpe ratio: Return per unit of total volatility	2.66	1.19	+1.46
Sortino ratio: Return per unit of downside risk	3.79	1.78	+2.00
Omega ratio: Gain probability vs. loss probability	1.47	1.21	+0.26
Calmar ratio: Return relative to maximum drawdown	4.21	1.59	+2.61
Martin ratio: Return relative to average drawdown	15.84	5.99	+9.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIVAX vs. VOLMX - Sharpe Ratio Comparison

The current VIVAX Sharpe Ratio is 2.66, which is higher than the VOLMX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of VIVAX and VOLMX, 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

	VIVAX	VOLMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	1.19	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.27	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.38	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.31	+0.25

Drawdowns

VIVAX vs. VOLMX - Drawdown Comparison

The maximum VIVAX drawdown since its inception was -59.38%, which is greater than VOLMX's maximum drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for VIVAX and VOLMX.

Drawdown Indicators

	VIVAX	VOLMX	Difference
Max Drawdown Largest peak-to-trough decline	-59.38%	-49.79%	-9.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.37%	-8.67%	+2.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.90%	-24.09%	+9.19%
Max Drawdown (5Y) Largest decline over 5 years	-17.17%	-24.09%	+6.92%
Max Drawdown (10Y) Largest decline over 10 years	-36.81%	-28.21%	-8.60%
Current Drawdown Current decline from peak	0.00%	-2.61%	+2.61%
Average Drawdown Average peak-to-trough decline	-8.07%	-9.50%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.30%	-0.61%

Volatility

VIVAX vs. VOLMX - Volatility Comparison

The current volatility for Vanguard Value Index Fund (VIVAX) is 2.71%, while Volumetric Fund (VOLMX) has a volatility of 4.22%. This indicates that VIVAX experiences smaller price fluctuations and is considered to be less risky than VOLMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIVAX	VOLMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	4.22%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	9.20%	-1.56%
Volatility (1Y) Calculated over the trailing 1-year period	10.09%	11.58%	-1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	13.95%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	14.63%	+2.11%

VIVAX vs. VOLMX - Expense Ratio Comparison

VIVAX has a 0.17% expense ratio, which is lower than VOLMX's 1.89% expense ratio.

Dividends

VIVAX vs. VOLMX - Dividend Comparison

VIVAX's dividend yield for the trailing twelve months is around 1.75%, which matches VOLMX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIVAX Vanguard Value Index Fund	1.75%	1.42%	2.19%	2.33%	2.39%	2.02%	2.43%	2.39%	2.59%	2.18%	2.33%	2.46%
VOLMX Volumetric Fund	1.74%	1.89%	0.00%	3.28%	5.47%	8.02%	1.03%	3.36%	2.39%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VIVAX and VOLMX in my portfolio?

VIVAX and VOLMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIVAX or VOLMX?

VOLMX has higher volatility (4.22%) compared to VIVAX (2.71%). In terms of maximum drawdown, VIVAX dropped -59.38% vs VOLMX's -49.79%.

Which has better risk-adjusted returns?

VIVAX currently has the higher Sharpe Ratio (2.66 vs 1.19), 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.