VTWAX vs. VTWIX
Compare and contrast key facts about Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) and Vanguard Total World Stock Index Fund Institutional Shares (VTWIX).
VTWAX is managed by Vanguard. It was launched on Feb 7, 2019. VTWIX is managed by Vanguard. It was launched on Oct 9, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTWAX or VTWIX.
Performance
VTWAX vs. VTWIX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VTWAX having a 17.55% return and VTWIX slightly higher at 17.58%.
VTWAX
17.55%
-0.42%
7.59%
24.70%
11.07%
N/A
VTWIX
17.58%
-0.42%
7.59%
24.72%
11.10%
9.23%
Key characteristics
| VTWAX | VTWIX | |
|---|---|---|
| Sharpe Ratio | 2.10 | 2.10 |
| Sortino Ratio | 2.87 | 2.87 |
| Omega Ratio | 1.38 | 1.38 |
| Calmar Ratio | 3.01 | 3.00 |
| Martin Ratio | 13.50 | 13.52 |
| Ulcer Index | 1.80% | 1.80% |
| Daily Std Dev | 11.56% | 11.57% |
| Max Drawdown | -34.20% | -49.82% |
| Current Drawdown | -1.81% | -1.80% |
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VTWAX vs. VTWIX - Expense Ratio Comparison
VTWAX has a 0.10% expense ratio, which is higher than VTWIX's 0.08% 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%.
Correlation
The correlation between VTWAX and VTWIX is 1.00, 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.
Risk-Adjusted Performance
VTWAX vs. VTWIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) and Vanguard Total World Stock Index Fund Institutional Shares (VTWIX). 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
VTWAX vs. VTWIX - Dividend Comparison
VTWAX's dividend yield for the trailing twelve months is around 1.83%, less than VTWIX's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTWAX Vanguard Total World Stock Index Fund Admiral Shares | 1.83% | 2.06% | 2.16% | 1.79% | 1.64% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTWIX Vanguard Total World Stock Index Fund Institutional Shares | 1.85% | 2.07% | 2.19% | 1.81% | 1.66% | 2.32% | 2.55% | 2.11% | 2.40% | 2.46% | 2.46% | 2.08% |
Drawdowns
VTWAX vs. VTWIX - Drawdown Comparison
The maximum VTWAX drawdown since its inception was -34.20%, smaller than the maximum VTWIX drawdown of -49.82%. Use the drawdown chart below to compare losses from any high point for VTWAX and VTWIX. For additional features, visit the drawdowns tool.
Volatility
VTWAX vs. VTWIX - Volatility Comparison
Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) and Vanguard Total World Stock Index Fund Institutional Shares (VTWIX) have volatilities of 3.26% and 3.26%, 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.