VIVIX vs. PPI

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Value Index Fund Institutional Shares (VIVIX) and AXS Astoria Inflation Sensitive ETF (PPI).

VIVIX is managed by Vanguard. It was launched on Jul 2, 1998. PPI is an actively managed fund by AXS. It was launched on Dec 30, 2021.

Performance

VIVIX vs. PPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value Index Fund Institutional Shares (VIVIX) and AXS Astoria Inflation Sensitive ETF (PPI). The values are adjusted to include any dividend payments, if applicable.

VIVIX vs. PPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VIVIX Vanguard Value Index Fund Institutional Shares	1.63%	15.30%	-4.25%
PPI AXS Astoria Inflation Sensitive ETF	11.99%	30.06%	-6.85%

Returns By Period

In the year-to-date period, VIVIX achieves a 1.63% return, which is significantly lower than PPI's 11.99% return.

VIVIX

• 1D: -0.17%
• 1M: -6.36%
• YTD: 1.63%
• 6M: 4.64%
• 1Y: 14.18%
• 3Y*: 14.46%
• 5Y*: 10.63%
• 10Y*: 11.62%

PPI

• 1D: 2.01%
• 1M: -4.97%
• YTD: 11.99%
• 6M: 14.13%
• 1Y: 45.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VIVIX vs. PPI - Expense Ratio Comparison

VIVIX has a 0.04% expense ratio, which is lower than PPI's 0.76% expense ratio.

PPI

AXS Astoria Inflation Sensitive ETF

VIVIX

Vanguard Value Index Fund Institutional Shares

Return for Risk

VIVIX vs. PPI — Risk / Return Rank

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

VIVIX

VIVIX Risk / Return Rank: 58
VIVIX Sharpe Ratio Rank: 59
VIVIX Sortino Ratio Rank: 59
VIVIX Omega Ratio Rank: 60
VIVIX Calmar Ratio Rank: 52
VIVIX Martin Ratio Rank: 60

PPI

PPI Risk / Return Rank: 94
PPI Sharpe Ratio Rank: 93
PPI Sortino Ratio Rank: 93
PPI Omega Ratio Rank: 95
PPI Calmar Ratio Rank: 92
PPI Martin Ratio Rank: 95

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.

VIVIX vs. PPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund Institutional Shares (VIVIX) and AXS Astoria Inflation Sensitive ETF (PPI). 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.

	VIVIX	PPI	Difference
Sharpe ratio Return per unit of total volatility	1.04	2.25	-1.20
Sortino ratio Return per unit of downside risk	1.50	2.86	-1.36
Omega ratio Gain probability vs. loss probability	1.22	1.45	-0.23
Calmar ratio Return relative to maximum drawdown	1.25	3.43	-2.18
Martin ratio Return relative to average drawdown	5.67	15.36	-9.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIVIX vs. PPI - Sharpe Ratio Comparison

The current VIVIX Sharpe Ratio is 1.04, which is lower than the PPI Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of VIVIX and PPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VIVIX	PPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.25	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	1.22	-0.82

Correlation

The correlation between VIVIX and PPI is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VIVIX vs. PPI - Dividend Comparison

VIVIX's dividend yield for the trailing twelve months is around 2.06%, more than PPI's 1.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIVIX Vanguard Value Index Fund Institutional Shares	2.06%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%
PPI AXS Astoria Inflation Sensitive ETF	1.05%	1.06%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VIVIX vs. PPI - Drawdown Comparison

The maximum VIVIX drawdown since its inception was -59.30%, which is greater than PPI's maximum drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for VIVIX and PPI.

Drawdown Indicators

	VIVIX	PPI	Difference
Max Drawdown Largest peak-to-trough decline	-59.30%	-18.89%	-40.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-13.32%	+2.03%
Max Drawdown (5Y) Largest decline over 5 years	-17.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.80%	—	—
Current Drawdown Current decline from peak	-6.36%	-5.08%	-1.28%
Average Drawdown Average peak-to-trough decline	-9.31%	-2.98%	-6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.98%	-0.50%

Volatility

VIVIX vs. PPI - Volatility Comparison

The current volatility for Vanguard Value Index Fund Institutional Shares (VIVIX) is 3.27%, while AXS Astoria Inflation Sensitive ETF (PPI) has a volatility of 6.11%. This indicates that VIVIX experiences smaller price fluctuations and is considered to be less risky than PPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIVIX	PPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	6.11%	-2.84%
Volatility (6M) Calculated over the trailing 6-month period	7.52%	13.59%	-6.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	20.23%	-5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	19.41%	-5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	19.41%	-2.67%