VSIIX vs. VIGAX
VSIIX (Vanguard Small-Cap Value Index Fund Institutional Shares) and VIGAX (Vanguard Growth Index Fund Admiral Shares) are both mutual funds - VSIIX is a Small Cap Value Equities fund managed by Vanguard, while VIGAX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 10 years, VSIIX returned 10.53%/yr vs 18.24%/yr for VIGAX. A 0.78 correlation means they provide meaningful diversification when combined. VSIIX charges 0.06%/yr vs 0.05%/yr for VIGAX.
Performance
VSIIX vs. VIGAX - Performance Comparison
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Returns By Period
In the year-to-date period, VSIIX achieves a 11.65% return, which is significantly higher than VIGAX's 9.46% return. Over the past 10 years, VSIIX has underperformed VIGAX with an annualized return of 10.53%, while VIGAX has yielded a comparatively higher 18.24% annualized return.
VSIIX
- 1D
- -0.37%
- 1M
- 1.35%
- YTD
- 11.65%
- 6M
- 11.87%
- 1Y
- 26.40%
- 3Y*
- 16.46%
- 5Y*
- 7.98%
- 10Y*
- 10.53%
VIGAX
- 1D
- -1.23%
- 1M
- 5.47%
- YTD
- 9.46%
- 6M
- 8.59%
- 1Y
- 27.34%
- 3Y*
- 25.93%
- 5Y*
- 15.09%
- 10Y*
- 18.24%
VSIIX vs. VIGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 11.65% | 9.10% | 11.37% | 17.06% | -9.31% | 28.12% | 5.81% | 22.81% | -12.24% | 11.80% |
VIGAX Vanguard Growth Index Fund Admiral Shares | 9.46% | 19.43% | 32.67% | 46.76% | -33.14% | 27.26% | 40.18% | 37.23% | -3.35% | 27.80% |
Correlation
The correlation between VSIIX and VIGAX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2000 | 0.78 |
Over the past year, the correlation between VSIIX and VIGAX has dropped to 0.47 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
VSIIX vs. VIGAX — Risk / Return Rank
VSIIX
VIGAX
VSIIX vs. VIGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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.
| VSIIX | VIGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.69 | +1.22 |
| Martin ratioReturn relative to average drawdown | 10.35 | 5.96 | +4.39 |
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
| VSIIX | VIGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.76 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.68 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.85 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.48 | -0.04 |
Drawdowns
VSIIX vs. VIGAX - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, which is greater than VIGAX's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for VSIIX and VIGAX.
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Drawdown Indicators
| VSIIX | VIGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.05% | -50.66% | -11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -16.51% | +7.64% |
Max Drawdown (3Y)Largest decline over 3 years | -24.09% | -23.04% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -35.63% | +11.54% |
Max Drawdown (10Y)Largest decline over 10 years | -45.38% | -35.63% | -9.75% |
Current DrawdownCurrent decline from peak | -0.37% | -1.51% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -11.96% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 4.69% | -2.19% |
Volatility
VSIIX vs. VIGAX - Volatility Comparison
Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Vanguard Growth Index Fund Admiral Shares (VIGAX) have volatilities of 3.98% and 3.92%, 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.
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Volatility by Period
| VSIIX | VIGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.92% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 12.17% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 15.92% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.77% | 22.35% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 21.59% | +0.24% |
VSIIX vs. VIGAX - Expense Ratio Comparison
VSIIX has a 0.06% expense ratio, which is higher than VIGAX's 0.05% 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%.
Dividends
VSIIX vs. VIGAX - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.77%, more than VIGAX's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIGAX Vanguard Growth Index Fund Admiral Shares | 0.36% | 0.40% | 0.46% | 0.57% | 0.69% | 0.47% | 0.66% | 0.94% | 1.31% | 1.14% | 1.39% | 1.31% |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.77% | 1.96% | 1.99% | 2.10% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% |
Frequently Asked Questions
VSIIX and VIGAX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSIIX has higher volatility (3.98%) compared to VIGAX (3.92%). In terms of maximum drawdown, VSIIX dropped -62.05% vs VIGAX's -50.66%.
VIGAX currently has the higher Sharpe Ratio (1.76 vs 1.71), 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.
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