Correlation
The correlation between VTSIX and VINIX is 0.85, 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.
VTSIX vs. VINIX
Compare and contrast key facts about Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
VTSIX is managed by Blackrock. It was launched on Apr 21, 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: VTSIX or VINIX.
Performance
VTSIX vs. VINIX - Performance Comparison
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Key characteristics
VTSIX:
-0.03
VINIX:
0.73
VTSIX:
0.14
VINIX:
1.04
VTSIX:
1.02
VINIX:
1.15
VTSIX:
-0.02
VINIX:
0.69
VTSIX:
-0.07
VINIX:
2.61
VTSIX:
10.20%
VINIX:
4.93%
VTSIX:
24.36%
VINIX:
19.77%
VTSIX:
-57.81%
VINIX:
-55.19%
VTSIX:
-16.14%
VINIX:
-3.42%
Returns By Period
In the year-to-date period, VTSIX achieves a -8.14% return, which is significantly lower than VINIX's 1.05% return. Over the past 10 years, VTSIX has underperformed VINIX with an annualized return of 7.59%, while VINIX has yielded a comparatively higher 12.81% annualized return.
VTSIX
-8.14%
5.25%
-15.50%
-0.67%
3.04%
11.52%
7.59%
VINIX
1.05%
6.29%
-1.38%
14.38%
14.36%
15.90%
12.81%
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VTSIX vs. VINIX - Expense Ratio Comparison
VTSIX 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
VTSIX vs. VINIX — Risk-Adjusted Performance Rank
VTSIX
VINIX
VTSIX vs. VINIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) 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.
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Dividends
VTSIX vs. VINIX - Dividend Comparison
VTSIX's dividend yield for the trailing twelve months is around 1.68%, less than VINIX's 2.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSIX Vanguard Tax-Managed Small-Cap Fund Institutional Shares | 1.68% | 1.47% | 1.52% | 1.54% | 1.19% | 1.11% | 1.17% | 1.29% | 1.13% | 1.03% | 1.30% | 1.03% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 2.53% | 2.58% | 2.97% | 3.38% | 4.77% | 3.06% | 2.85% | 2.43% | 1.82% | 2.36% | 2.45% | 1.88% |
Drawdowns
VTSIX vs. VINIX - Drawdown Comparison
The maximum VTSIX drawdown since its inception was -57.81%, roughly equal to the maximum VINIX drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VTSIX and VINIX.
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Volatility
VTSIX vs. VINIX - Volatility Comparison
Vanguard Tax-Managed Small-Cap Fund Institutional Shares (VTSIX) has a higher volatility of 6.59% compared to Vanguard Institutional Index Fund Institutional Shares (VINIX) at 4.77%. This indicates that VTSIX'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.
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