VIVIX vs. VIIIX
Compare and contrast key facts about Vanguard Value Index Fund Institutional Shares (VIVIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VIVIX is managed by Vanguard. It was launched on Jul 2, 1998. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIVIX or VIIIX.
Key characteristics
| VIVIX | VIIIX | |
|---|---|---|
| YTD Return | 21.09% | 26.55% |
| 1Y Return | 32.44% | 35.58% |
| 3Y Return (Ann) | 9.72% | 8.06% |
| 5Y Return (Ann) | 11.82% | 13.79% |
| 10Y Return (Ann) | 10.65% | 12.27% |
| Sharpe Ratio | 3.14 | 2.87 |
| Sortino Ratio | 4.41 | 3.84 |
| Omega Ratio | 1.58 | 1.54 |
| Calmar Ratio | 5.46 | 3.82 |
| Martin Ratio | 20.29 | 18.67 |
| Ulcer Index | 1.59% | 1.90% |
| Daily Std Dev | 10.31% | 12.34% |
| Max Drawdown | -59.30% | -55.18% |
| Current Drawdown | -0.77% | -0.28% |
Correlation
The correlation between VIVIX and VIIIX is 0.93, 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.
Performance
VIVIX vs. VIIIX - Performance Comparison
In the year-to-date period, VIVIX achieves a 21.09% return, which is significantly lower than VIIIX's 26.55% return. Over the past 10 years, VIVIX has underperformed VIIIX with an annualized return of 10.65%, while VIIIX has yielded a comparatively higher 12.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VIVIX vs. VIIIX - Expense Ratio Comparison
VIVIX has a 0.04% expense ratio, which is higher than VIIIX's 0.02% 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%.
Risk-Adjusted Performance
VIVIX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund Institutional Shares (VIVIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.
Dividends
VIVIX vs. VIIIX - Dividend Comparison
VIVIX's dividend yield for the trailing twelve months is around 2.23%, more than VIIIX's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVIX Vanguard Value Index Fund Institutional Shares | 2.23% | 2.46% | 2.52% | 2.14% | 2.56% | 2.50% | 2.73% | 2.30% | 2.46% | 2.61% | 2.23% | 2.22% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.26% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
VIVIX vs. VIIIX - Drawdown Comparison
The maximum VIVIX drawdown since its inception was -59.30%, which is greater than VIIIX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VIVIX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VIVIX vs. VIIIX - Volatility Comparison
The current volatility for Vanguard Value Index Fund Institutional Shares (VIVIX) is 3.64%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 3.85%. This indicates that VIVIX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.