VIVIX vs. PPI

Last updated Jun 4, 2026

VIVIX (Vanguard Value Index Fund Institutional Shares) and PPI (AXS Astoria Inflation Sensitive ETF) are both funds - VIVIX is a Large Cap Value Equities fund managed by Vanguard, while PPI is a Global Allocation fund actively managed by AXS. With a 1.00 correlation, they move nearly in lockstep. VIVIX charges 0.04%/yr vs 0.76%/yr for PPI.

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.

Returns By Period

VIVIX

• 1D: 0.86%
• 1M: 4.21%
• YTD: 12.24%
• 6M: 13.09%
• 1Y: 26.23%
• 3Y*: 18.25%
• 5Y*: 11.30%
• 10Y*: 12.47%

PPI

• 1D: 1.01%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VIVIX vs. PPI - Yearly Performance Comparison

	2026 (YTD)
VIVIX Vanguard Value Index Fund Institutional Shares	0.75%
PPI AXS Astoria Inflation Sensitive ETF	-0.46%

Correlation

The correlation between VIVIX and PPI is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

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: 82
VIVIX Sharpe Ratio Rank: 83
VIVIX Sortino Ratio Rank: 81
VIVIX Omega Ratio Rank: 72
VIVIX Calmar Ratio Rank: 87
VIVIX Martin Ratio Rank: 84

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	2.68	—	—
Sortino ratio Return per unit of downside risk	3.82	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	4.24	—	—
Martin ratio Return relative to average drawdown	15.97	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VIVIX	PPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	-2.46	+2.87

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 -1.46%. 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%	-1.46%	-57.84%
Max Drawdown (1Y) Largest decline over 1 year	-6.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.40%	—	—
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	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-9.26%	-0.86%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	—	—

Volatility

Volatility by Period

	VIVIX	PPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.07%	15.98%	-5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	15.98%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	15.98%	+0.76%

VIVIX vs. PPI - Expense Ratio Comparison

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

Dividends

VIVIX vs. PPI - Dividend Comparison

VIVIX's dividend yield for the trailing twelve months is around 1.86%, while PPI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PPI AXS Astoria Inflation Sensitive ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VIVIX Vanguard Value Index Fund Institutional Shares	1.86%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%

Frequently Asked Questions

Can I hold both VIVIX and PPI in my portfolio?

With a correlation of 1.00, VIVIX and PPI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.