VIVAX vs. VTV
Compare and contrast key facts about Vanguard Value Index Fund (VIVAX) and Vanguard Value ETF (VTV).
VIVAX is managed by Vanguard. It was launched on Nov 2, 1992. VTV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Prime Market Value Index. It was launched on Jan 26, 2004.
Performance
VIVAX vs. VTV - Performance Comparison
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VIVAX vs. VTV - 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% |
VTV Vanguard Value ETF | 3.30% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Returns By Period
In the year-to-date period, VIVAX achieves a 1.61% return, which is significantly lower than VTV's 3.30% return. Both investments have delivered pretty close results over the past 10 years, with VIVAX having a 11.42% annualized return and VTV not far ahead at 11.80%.
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%
VTV
- 1D
- 1.64%
- 1M
- -4.81%
- YTD
- 3.30%
- 6M
- 6.34%
- 1Y
- 16.02%
- 3Y*
- 15.09%
- 5Y*
- 10.86%
- 10Y*
- 11.80%
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VIVAX vs. VTV - Expense Ratio Comparison
VIVAX has a 0.17% expense ratio, which is higher than VTV's 0.04% 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. VTV — Risk / Return Rank
VIVAX
VTV
VIVAX vs. VTV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund (VIVAX) and Vanguard Value ETF (VTV). 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 | VTV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.08 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.56 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.53 | -0.30 |
Martin ratioReturn relative to average drawdown | 5.60 | 6.93 | -1.34 |
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 | VTV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.08 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.79 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.71 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.49 | +0.05 |
Correlation
The correlation between VIVAX and VTV is 0.99, 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. VTV - Dividend Comparison
VIVAX's dividend yield for the trailing twelve months is around 1.93%, less than VTV's 2.02% 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% |
VTV Vanguard Value ETF | 2.02% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Drawdowns
VIVAX vs. VTV - Drawdown Comparison
The maximum VIVAX drawdown since its inception was -59.38%, roughly equal to the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VIVAX and VTV.
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Drawdown Indicators
| VIVAX | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -59.27% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -11.32% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -17.04% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -36.78% | -0.03% |
Current DrawdownCurrent decline from peak | -6.37% | -4.81% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -7.92% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.50% | -0.01% |
Volatility
VIVAX vs. VTV - Volatility Comparison
The current volatility for Vanguard Value Index Fund (VIVAX) is 3.27%, while Vanguard Value ETF (VTV) has a volatility of 3.78%. This indicates that VIVAX experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIVAX | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.78% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 7.72% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 14.93% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 13.88% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 16.67% | +0.07% |