VRNIX vs. VOO
Compare and contrast key facts about Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and Vanguard S&P 500 ETF (VOO).
VRNIX is managed by Vanguard. It was launched on Oct 15, 2010. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRNIX or VOO.
Correlation
The correlation between VRNIX and VOO 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.
Performance
VRNIX vs. VOO - Performance Comparison
Key characteristics
VRNIX:
2.01
VOO:
2.04
VRNIX:
2.68
VOO:
2.72
VRNIX:
1.37
VOO:
1.38
VRNIX:
3.03
VOO:
3.02
VRNIX:
13.33
VOO:
13.60
VRNIX:
1.93%
VOO:
1.88%
VRNIX:
12.77%
VOO:
12.52%
VRNIX:
-34.57%
VOO:
-33.99%
VRNIX:
-3.91%
VOO:
-3.52%
Returns By Period
The year-to-date returns for both investments are quite close, with VRNIX having a 24.27% return and VOO slightly higher at 24.65%. Both investments have delivered pretty close results over the past 10 years, with VRNIX having a 12.75% annualized return and VOO not far ahead at 13.02%.
VRNIX
24.27%
-0.33%
8.45%
24.35%
14.30%
12.75%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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VRNIX vs. VOO - Expense Ratio Comparison
VRNIX has a 0.07% expense ratio, which is higher than VOO's 0.03% 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
VRNIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) and Vanguard S&P 500 ETF (VOO). 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
VRNIX vs. VOO - Dividend Comparison
VRNIX's dividend yield for the trailing twelve months is around 0.89%, less than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRNIX Vanguard Russell 1000 Index Fund Institutional Shares | 0.89% | 1.41% | 1.59% | 1.16% | 1.46% | 1.65% | 2.00% | 1.73% | 1.93% | 1.92% | 1.74% | 1.69% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VRNIX vs. VOO - Drawdown Comparison
The maximum VRNIX drawdown since its inception was -34.57%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VRNIX and VOO. For additional features, visit the drawdowns tool.
Volatility
VRNIX vs. VOO - Volatility Comparison
Vanguard Russell 1000 Index Fund Institutional Shares (VRNIX) has a higher volatility of 3.85% compared to Vanguard S&P 500 ETF (VOO) at 3.58%. This indicates that VRNIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.