VIVIX vs. VIPIX
Compare and contrast key facts about Vanguard Value Index Fund Institutional Shares (VIVIX) and Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX).
VIVIX is managed by Vanguard. It was launched on Jul 2, 1998. VIPIX is managed by Vanguard. It was launched on Dec 12, 2003.
Performance
VIVIX vs. VIPIX - Performance Comparison
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VIVIX vs. VIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIVIX Vanguard Value Index Fund Institutional Shares | 1.63% | 15.30% | 15.99% | 9.23% | -2.05% | 26.50% | 2.30% | 25.83% | -5.44% | 17.14% |
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 0.32% | 6.98% | 1.85% | 3.85% | -11.93% | 5.73% | 11.05% | 8.18% | -1.40% | 2.97% |
Returns By Period
In the year-to-date period, VIVIX achieves a 1.63% return, which is significantly higher than VIPIX's 0.32% return. Over the past 10 years, VIVIX has outperformed VIPIX with an annualized return of 11.62%, while VIPIX has yielded a comparatively lower 2.58% annualized 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%
VIPIX
- 1D
- 0.64%
- 1M
- -1.37%
- YTD
- 0.32%
- 6M
- 0.46%
- 1Y
- 2.99%
- 3Y*
- 3.12%
- 5Y*
- 1.40%
- 10Y*
- 2.58%
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VIVIX vs. VIPIX - Expense Ratio Comparison
VIVIX has a 0.04% expense ratio, which is lower than VIPIX's 0.07% expense ratio. Despite the difference, 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
VIVIX vs. VIPIX — Risk / Return Rank
VIVIX
VIPIX
VIVIX vs. VIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund Institutional Shares (VIVIX) and Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX). 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 | VIPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.84 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.18 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.43 | -0.18 |
Martin ratioReturn relative to average drawdown | 5.67 | 4.28 | +1.39 |
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
| VIVIX | VIPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.84 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.23 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.48 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.61 | -0.22 |
Correlation
The correlation between VIVIX and VIPIX is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VIVIX vs. VIPIX - Dividend Comparison
VIVIX's dividend yield for the trailing twelve months is around 2.06%, less than VIPIX's 4.48% 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% |
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 4.48% | 4.77% | 4.20% | 4.34% | 8.49% | 5.16% | 1.41% | 2.32% | 3.15% | 2.45% | 3.50% | 0.91% |
Drawdowns
VIVIX vs. VIPIX - Drawdown Comparison
The maximum VIVIX drawdown since its inception was -59.30%, which is greater than VIPIX's maximum drawdown of -15.04%. Use the drawdown chart below to compare losses from any high point for VIVIX and VIPIX.
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Drawdown Indicators
| VIVIX | VIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -15.04% | -44.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -2.82% | -8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -14.33% | -2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -36.80% | -14.33% | -22.47% |
Current DrawdownCurrent decline from peak | -6.36% | -1.37% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -3.38% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 0.94% | +1.54% |
Volatility
VIVIX vs. VIPIX - Volatility Comparison
Vanguard Value Index Fund Institutional Shares (VIVIX) has a higher volatility of 3.27% compared to Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) at 1.46%. This indicates that VIVIX's price experiences larger fluctuations and is considered to be riskier than VIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIVIX | VIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.46% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 2.39% | +5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 4.17% | +10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 6.03% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 5.38% | +11.36% |