VSIIX vs. VINIX
Compare and contrast key facts about Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
VSIIX is managed by Vanguard. It was launched on Dec 7, 1999. VINIX is managed by Vanguard. It was launched on Jul 31, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSIIX or VINIX.
Key characteristics
| VSIIX | VINIX | |
|---|---|---|
| YTD Return | 19.11% | 26.89% |
| 1Y Return | 38.34% | 37.53% |
| 3Y Return (Ann) | 6.88% | 10.21% |
| 5Y Return (Ann) | 11.98% | 15.93% |
| 10Y Return (Ann) | 9.58% | 13.41% |
| Sharpe Ratio | 2.22 | 3.05 |
| Sortino Ratio | 3.16 | 4.06 |
| Omega Ratio | 1.39 | 1.57 |
| Calmar Ratio | 3.13 | 4.43 |
| Martin Ratio | 13.03 | 20.05 |
| Ulcer Index | 2.92% | 1.87% |
| Daily Std Dev | 17.17% | 12.28% |
| Max Drawdown | -62.05% | -55.19% |
| Current Drawdown | -1.23% | -0.28% |
Correlation
The correlation between VSIIX and VINIX is 0.86, 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
VSIIX vs. VINIX - Performance Comparison
In the year-to-date period, VSIIX achieves a 19.11% return, which is significantly lower than VINIX's 26.89% return. Over the past 10 years, VSIIX has underperformed VINIX with an annualized return of 9.58%, while VINIX has yielded a comparatively higher 13.41% 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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VSIIX vs. VINIX - Expense Ratio Comparison
VSIIX has a 0.06% expense ratio, which is higher than VINIX's 0.04% 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
VSIIX vs. VINIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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
VSIIX vs. VINIX - Dividend Comparison
VSIIX's dividend yield for the trailing twelve months is around 1.89%, more than VINIX's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.89% | 2.12% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% | 1.78% | 1.88% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 1.24% | 1.47% | 1.74% | 1.28% | 1.59% | 1.91% | 2.13% | 1.82% | 2.07% | 2.45% | 1.88% | 1.85% |
Drawdowns
VSIIX vs. VINIX - Drawdown Comparison
The maximum VSIIX drawdown since its inception was -62.05%, which is greater than VINIX's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VSIIX and VINIX. For additional features, visit the drawdowns tool.
Volatility
VSIIX vs. VINIX - Volatility Comparison
Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) has a higher volatility of 5.80% compared to Vanguard Institutional Index Fund Institutional Shares (VINIX) at 3.85%. This indicates that VSIIX's price experiences larger fluctuations and is considered to be riskier than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.