VIVAX vs. VTSMX
VIVAX (Vanguard Value Index Fund) and VTSMX (Vanguard Total Stock Market Index Fund Investor Shares) are both mutual funds - VIVAX is a Large Cap Value Equities fund managed by Vanguard, while VTSMX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, VIVAX returned 12.28%/yr vs 14.84%/yr for VTSMX. Their correlation of 0.92 suggests significant overlap in exposure. VIVAX charges 0.17%/yr vs 0.14%/yr for VTSMX.
Performance
VIVAX vs. VTSMX - Performance Comparison
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Returns By Period
In the year-to-date period, VIVAX achieves a 13.07% return, which is significantly higher than VTSMX's 11.68% return. Over the past 10 years, VIVAX has underperformed VTSMX with an annualized return of 12.28%, while VTSMX has yielded a comparatively higher 14.84% annualized return.
VIVAX
- 1D
- 0.82%
- 1M
- 4.34%
- YTD
- 13.07%
- 6M
- 14.01%
- 1Y
- 26.69%
- 3Y*
- 18.31%
- 5Y*
- 11.13%
- 10Y*
- 12.28%
VTSMX
- 1D
- 0.51%
- 1M
- 3.65%
- YTD
- 11.68%
- 6M
- 11.20%
- 1Y
- 27.88%
- 3Y*
- 22.00%
- 5Y*
- 12.55%
- 10Y*
- 14.84%
VIVAX vs. VTSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 13.07% | 14.50% | 15.85% | 9.08% | -2.18% | 26.32% | 2.18% | 25.66% | -5.56% | 16.98% |
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | 11.68% | 16.63% | 22.76% | 26.38% | -19.60% | 25.59% | 20.87% | 30.63% | -5.27% | 21.05% |
Correlation
The correlation between VIVAX and VTSMX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 1992 | 0.92 |
Over the past year, the correlation between VIVAX and VTSMX has dropped to 0.71 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
VIVAX vs. VTSMX — Risk / Return Rank
VIVAX
VTSMX
VIVAX vs. VTSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund (VIVAX) and Vanguard Total Stock Market Index Fund Investor Shares (VTSMX). 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 | VTSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.42 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 3.22 | +1.14 |
| Martin ratioReturn relative to average drawdown | 16.43 | 14.87 | +1.56 |
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 | VTSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 2.36 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.73 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.81 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.59 | -0.03 |
Drawdowns
VIVAX vs. VTSMX - Drawdown Comparison
The maximum VIVAX drawdown since its inception was -59.38%, which is greater than VTSMX's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for VIVAX and VTSMX.
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Drawdown Indicators
| VIVAX | VTSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -55.38% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.37% | -8.93% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -19.63% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -25.43% | +8.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -34.98% | -1.83% |
Current DrawdownCurrent decline from peak | 0.00% | -0.25% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -8.89% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.93% | -0.24% |
Volatility
VIVAX vs. VTSMX - Volatility Comparison
The current volatility for Vanguard Value Index Fund (VIVAX) is 2.54%, while Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) has a volatility of 3.00%. This indicates that VIVAX experiences smaller price fluctuations and is considered to be less risky than VTSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIVAX | VTSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 3.00% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 9.21% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 12.21% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 17.36% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 18.41% | -1.67% |
VIVAX vs. VTSMX - Expense Ratio Comparison
VIVAX has a 0.17% expense ratio, which is higher than VTSMX's 0.14% 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
VIVAX vs. VTSMX - Dividend Comparison
VIVAX's dividend yield for the trailing twelve months is around 1.73%, more than VTSMX's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVAX Vanguard Value Index Fund | 1.73% | 1.42% | 2.19% | 2.33% | 2.39% | 2.02% | 2.43% | 2.39% | 2.59% | 2.18% | 2.33% | 2.46% |
VTSMX Vanguard Total Stock Market Index Fund Investor Shares | 0.93% | 0.75% | 0.89% | 1.33% | 1.54% | 1.11% | 1.33% | 1.67% | 1.92% | 1.61% | 1.83% | 1.86% |
Frequently Asked Questions
VIVAX and VTSMX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTSMX has higher volatility (3.00%) compared to VIVAX (2.54%). In terms of maximum drawdown, VIVAX dropped -59.38% vs VTSMX's -55.38%.
VIVAX currently has the higher Sharpe Ratio (2.75 vs 2.36), 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.
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