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VTWIX vs. VTSAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VTWIX vs. VTSAX

Last updated Jun 23, 2026

VTWIX (Vanguard Total World Stock Index Fund Institutional Shares) and VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) are both mutual funds - VTWIX is a Large Cap Growth Equities fund managed by Vanguard, while VTSAX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, VTWIX returned 12.85%/yr vs 15.06%/yr for VTSAX. With a 0.96 correlation, they move nearly in lockstep. VTWIX charges 0.08%/yr vs 0.04%/yr for VTSAX.

Performance

VTWIX vs. VTSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total World Stock Index Fund Institutional Shares (VTWIX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VTWIX achieves a 12.44% return, which is significantly higher than VTSAX's 10.72% return. Over the past 10 years, VTWIX has underperformed VTSAX with an annualized return of 12.85%, while VTSAX has yielded a comparatively higher 15.06% annualized return.

VTWIX

1D
1.21%
1M
1.71%
YTD
12.44%
6M
12.24%
1Y
29.61%
3Y*
19.81%
5Y*
11.45%
10Y*
12.85%

VTSAX

1D
1.14%
1M
0.90%
YTD
10.72%
6M
9.93%
1Y
27.56%
3Y*
20.66%
5Y*
12.87%
10Y*
15.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VTWIX vs. VTSAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VTWIX
Vanguard Total World Stock Index Fund Institutional Shares		12.44%22.43%16.47%21.87%-18.00%18.21%16.70%26.77%-9.68%24.21%
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares		10.72%17.12%23.23%26.51%-19.52%25.72%20.98%30.79%-5.18%21.16%

Correlation

The correlation between VTWIX and VTSAX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2008

0.96

The correlation between VTWIX and VTSAX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

VTWIX vs. VTSAX - Sectors Allocation Comparison

Sectors
VTWIX
VTSAX

Technology

27.8%
37.0%

Financial Services

15.9%
11.3%

Industrials

12.0%
9.4%

Consumer Cyclical

9.5%
9.7%

Communication Services

8.3%
9.8%

Healthcare

8.1%
9.0%

Consumer Defensive

4.8%
4.3%

Energy

4.3%
3.3%

Basic Materials

4.2%
1.9%

Utilities

2.7%
2.1%

Real Estate

2.4%
2.3%

Technology

VTWIX
27.8%
VTSAX
37.0%

Financial Services

VTWIX
15.9%
VTSAX
11.3%

Industrials

VTWIX
12.0%
VTSAX
9.4%

Consumer Cyclical

VTWIX
9.5%
VTSAX
9.7%

Communication Services

VTWIX
8.3%
VTSAX
9.8%

Healthcare

VTWIX
8.1%
VTSAX
9.0%

Consumer Defensive

VTWIX
4.8%
VTSAX
4.3%

Energy

VTWIX
4.3%
VTSAX
3.3%

Basic Materials

VTWIX
4.2%
VTSAX
1.9%

Utilities

VTWIX
2.7%
VTSAX
2.1%

Real Estate

VTWIX
2.4%
VTSAX
2.3%

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Vanguard Total World Stock Index Fund Institutional Shares

Vanguard Total Stock Market Index Fund Admiral Shares

Often compared with VTWIX:
VTWIX vs. VTWAXVTWIX vs. VTIVTWIX vs. FZROXVTWIX vs. FZILXVTWIX vs. SPYVTWIX vs. VOOVTWIX vs. PHG
Often compared with VTSAX:
VTSAX vs. VOOVTSAX vs. VTIAXVTSAX vs. SWTSXVTSAX vs. FSKAXVTSAX vs. VTIVTSAX vs. SPYVTSAX vs. VTWAX

Return for Risk

VTWIX vs. VTSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VTWIX
VTWIX Risk / Return Rank: 6868
Overall Rank
VTWIX Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VTWIX Sortino Ratio Rank: 6363
Sortino Ratio Rank
VTWIX Omega Ratio Rank: 6464
Omega Ratio Rank
VTWIX Calmar Ratio Rank: 6868
Calmar Ratio Rank
VTWIX Martin Ratio Rank: 7575
Martin Ratio Rank
VTSAX
VTSAX Risk / Return Rank: 6565
Overall Rank
VTSAX Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
VTSAX Sortino Ratio Rank: 5757
Sortino Ratio Rank
VTSAX Omega Ratio Rank: 5858
Omega Ratio Rank
VTSAX Calmar Ratio Rank: 7070
Calmar Ratio Rank
VTSAX Martin Ratio Rank: 8080
Martin Ratio Rank
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.

VTWIX vs. VTSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock Index Fund Institutional Shares (VTWIX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VTWIXVTSAXDifference
Sharpe ratioReturn per unit of total volatility
2.23
2.14

+0.09

Sortino ratioReturn per unit of downside risk
3.03
2.90

+0.13

Omega ratioGain probability vs. loss probability

1.41

1.38

+0.02

Calmar ratioReturn relative to maximum drawdown

3.03

3.07

-0.04

Martin ratioReturn relative to average drawdown

13.22

13.77

-0.56

VTWIX vs. VTSAX - Sharpe Ratio Comparison

The current VTWIX Sharpe Ratio is 2.23, which is comparable to the VTSAX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of VTWIX and VTSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VTWIX vs. VTSAX - Drawdown Comparison

The maximum VTWIX drawdown since its inception was -50.16%, smaller than the maximum VTSAX drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for VTWIX and VTSAX.

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Drawdown Indicators

VTWIXVTSAXDifference

Max Drawdown

Largest peak-to-trough decline

-50.16%

-55.33%

+5.17%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-8.92%

-0.72%

Max Drawdown (3Y)

Largest decline over 3 years

-16.43%

-19.36%

+2.93%

Max Drawdown (5Y)

Largest decline over 5 years

-26.39%

-25.36%

-1.03%

Max Drawdown (10Y)

Largest decline over 10 years

-34.20%

-34.97%

+0.77%

Current Drawdown

Current decline from peak

-0.65%

-1.13%

+0.48%

Average Drawdown

Average peak-to-trough decline

-6.95%

-8.99%

+2.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.21%

1.99%

+0.22%

Volatility

VTWIX vs. VTSAX - Volatility Comparison

Vanguard Total World Stock Index Fund Institutional Shares (VTWIX) has a higher volatility of 5.27% compared to Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) at 4.88%. This indicates that VTWIX's price experiences larger fluctuations and is considered to be riskier than VTSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VTWIXVTSAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.27%

4.88%

+0.39%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

10.11%

+0.74%

Volatility (1Y)

Calculated over the trailing 1-year period

13.12%

12.80%

+0.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.84%

17.45%

-1.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.81%

18.45%

-1.64%

VTWIX vs. VTSAX - Expense Ratio Comparison

VTWIX has a 0.08% expense ratio, which is higher than VTSAX'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%.

Dividends

VTWIX vs. VTSAX - Dividend Comparison

VTWIX's dividend yield for the trailing twelve months is around 1.57%, more than VTSAX's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares		1.01%1.11%1.26%1.42%1.65%1.20%1.41%1.76%2.03%1.71%1.92%1.98%
VTWIX
Vanguard Total World Stock Index Fund Institutional Shares		1.57%1.82%1.94%2.07%2.19%1.81%1.66%2.32%2.55%2.11%2.40%2.46%

Frequently Asked Questions

With a correlation of 0.97, VTWIX and VTSAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

VTWIX has higher volatility (5.27%) compared to VTSAX (4.88%). In terms of maximum drawdown, VTWIX dropped -50.16% vs VTSAX's -55.33%.

VTWIX currently has the higher Sharpe Ratio (2.23 vs 2.14), 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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