VRVIX vs. PKAIX

Last updated Jun 4, 2026

VRVIX (Vanguard Russell 1000 Value Index Fund Institutional Shares) and PKAIX (PIMCO RAE US Fund) are both Large Cap Value Equities funds. Over the past 10 years, VRVIX returned 11.31%/yr vs 14.21%/yr for PKAIX. Their correlation of 0.93 suggests significant overlap in exposure. VRVIX charges 0.07%/yr vs 0.40%/yr for PKAIX.

Performance

VRVIX vs. PKAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 1000 Value Index Fund Institutional Shares (VRVIX) and PIMCO RAE US Fund (PKAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRVIX achieves a 14.28% return, which is significantly lower than PKAIX's 24.56% return. Over the past 10 years, VRVIX has underperformed PKAIX with an annualized return of 11.31%, while PKAIX has yielded a comparatively higher 14.21% annualized return.

VRVIX

• 1D: 0.79%
• 1M: 4.27%
• YTD: 14.28%
• 6M: 14.88%
• 1Y: 28.30%
• 3Y*: 18.37%
• 5Y*: 10.30%
• 10Y*: 11.31%

PKAIX

• 1D: 0.71%
• 1M: 7.80%
• YTD: 24.56%
• 6M: 20.98%
• 1Y: 43.47%
• 3Y*: 25.53%
• 5Y*: 15.06%
• 10Y*: 14.21%

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

VRVIX vs. PKAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VRVIX Vanguard Russell 1000 Value Index Fund Institutional Shares	14.28%	15.31%	14.32%	11.41%	-7.64%	25.09%	2.75%	26.49%	-8.30%	13.58%
PKAIX PIMCO RAE US Fund	24.56%	17.19%	16.28%	17.02%	-3.36%	27.74%	3.94%	24.92%	-6.92%	16.51%

Correlation

The correlation between VRVIX and PKAIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 8, 2015	0.93

The correlation between VRVIX and PKAIX has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

Return for Risk

VRVIX vs. PKAIX — Risk / Return Rank

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

VRVIX

VRVIX Risk / Return Rank: 83
VRVIX Sharpe Ratio Rank: 83
VRVIX Sortino Ratio Rank: 80
VRVIX Omega Ratio Rank: 74
VRVIX Calmar Ratio Rank: 87
VRVIX Martin Ratio Rank: 90

PKAIX

PKAIX Risk / Return Rank: 95
PKAIX Sharpe Ratio Rank: 96
PKAIX Sortino Ratio Rank: 93
PKAIX Omega Ratio Rank: 88
PKAIX Calmar Ratio Rank: 98
PKAIX Martin Ratio Rank: 97

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.

VRVIX vs. PKAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Value Index Fund Institutional Shares (VRVIX) and PIMCO RAE US Fund (PKAIX). 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.

	VRVIX	PKAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.70	3.52	-0.82
Sortino ratio: Return per unit of downside risk	3.81	4.74	-0.93
Omega ratio: Gain probability vs. loss probability	1.49	1.62	-0.14
Calmar ratio: Return relative to maximum drawdown	4.29	8.80	-4.51
Martin ratio: Return relative to average drawdown	17.97	27.00	-9.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VRVIX vs. PKAIX - Sharpe Ratio Comparison

The current VRVIX Sharpe Ratio is 2.70, which is comparable to the PKAIX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of VRVIX and PKAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VRVIX	PKAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	3.52	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.85	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.76	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.70	+0.01

Drawdowns

VRVIX vs. PKAIX - Drawdown Comparison

The maximum VRVIX drawdown since its inception was -38.29%, roughly equal to the maximum PKAIX drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for VRVIX and PKAIX.

Drawdown Indicators

	VRVIX	PKAIX	Difference
Max Drawdown Largest peak-to-trough decline	-38.29%	-38.56%	+0.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-5.15%	-1.65%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-20.31%	+4.31%
Max Drawdown (5Y) Largest decline over 5 years	-19.06%	-20.64%	+1.58%
Max Drawdown (10Y) Largest decline over 10 years	-38.29%	-38.56%	+0.27%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.92%	-4.72%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.67%	-0.05%

Volatility

VRVIX vs. PKAIX - Volatility Comparison

Vanguard Russell 1000 Value Index Fund Institutional Shares (VRVIX) and PIMCO RAE US Fund (PKAIX) have volatilities of 3.06% and 3.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRVIX	PKAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	3.11%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	9.37%	-1.19%
Volatility (1Y) Calculated over the trailing 1-year period	10.82%	12.88%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	17.78%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	18.85%	-1.50%

VRVIX vs. PKAIX - Expense Ratio Comparison

VRVIX has a 0.07% expense ratio, which is lower than PKAIX's 0.40% expense ratio.

Dividends

VRVIX vs. PKAIX - Dividend Comparison

VRVIX's dividend yield for the trailing twelve months is around 1.64%, less than PKAIX's 11.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PKAIX PIMCO RAE US Fund	11.05%	13.77%	16.77%	6.65%	8.09%	10.03%	3.20%	4.91%	6.85%	5.85%	5.33%	3.49%
VRVIX Vanguard Russell 1000 Value Index Fund Institutional Shares	1.64%	1.41%	1.98%	2.10%	2.24%	1.69%	2.25%	2.30%	2.60%	2.21%	2.43%	2.42%

Frequently Asked Questions

Can I hold both VRVIX and PKAIX in my portfolio?

VRVIX and PKAIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VRVIX or PKAIX?

PKAIX has higher volatility (3.11%) compared to VRVIX (3.06%). In terms of maximum drawdown, VRVIX dropped -38.29% vs PKAIX's -38.56%.

Which has better risk-adjusted returns?

PKAIX currently has the higher Sharpe Ratio (3.52 vs 2.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.