WHGLX vs. VIVIX

Last updated Aug 1, 2026

WHGLX (Westwood Quality Value Fund) and VIVIX (Vanguard Value Index Fund Institutional Shares) are both mutual funds - WHGLX is a Quality Factor fund managed by Westwood, while VIVIX is a Large Cap Value Equities fund tracking the CRSP U.S. Large Cap Value Index. Over the past 10 years, WHGLX returned 9.58%/yr vs 12.54%/yr for VIVIX. Their 0.96 correlation means they have historically moved very closely together. WHGLX charges 0.65%/yr vs 0.03%/yr for VIVIX.

Performance

WHGLX vs. VIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Quality Value Fund (WHGLX) and Vanguard Value Index Fund Institutional Shares (VIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WHGLX achieves a 8.97% return, which is significantly lower than VIVIX's 16.66% return. Over the past 10 years, WHGLX has underperformed VIVIX with an annualized return of 9.58%, while VIVIX has yielded a comparatively higher 12.54% annualized return.

WHGLX

• 1D: 0.31%
• 1M: 0.79%
• 6M: 6.07%
• YTD: 8.97%
• 1Y: 12.38%
• 3Y*: 9.23%
• 5Y*: 7.13%
• 10Y*: 9.58%
• ALL TIME*: 8.19%

VIVIX

• 1D: 0.33%
• 1M: 0.58%
• 6M: 11.55%
• YTD: 16.66%
• 1Y: 28.24%
• 3Y*: 17.13%
• 5Y*: 12.35%
• 10Y*: 12.54%
• ALL TIME*: 8.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VIVIX Vanguard Value Index Fund Institutional Shares	$0.00	$0.00	$0.00
WHGLX Westwood Quality Value Fund	$0.00	$0.00	$0.00

WHGLX vs. VIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WHGLX Westwood Quality Value Fund	8.97%	5.73%	10.52%	8.91%	-5.64%	23.73%	2.71%	27.34%	-6.18%	20.86%
VIVIX Vanguard Value Index Fund Institutional Shares	16.66%	15.30%	15.99%	9.23%	-2.05%	26.50%	2.30%	25.83%	-5.44%	17.14%

Correlation

The correlation between WHGLX and VIVIX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Jun 28, 2006	0.96

The correlation between WHGLX and VIVIX shifts across timeframes, from 0.85 (1 year) to 0.96 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WHGLX vs. VIVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WHGLX

WHGLX Risk / Return Rank: 31
WHGLX Sharpe Ratio Rank: 30
WHGLX Sortino Ratio Rank: 30
WHGLX Omega Ratio Rank: 27
WHGLX Calmar Ratio Rank: 33
WHGLX Martin Ratio Rank: 37

VIVIX

VIVIX Risk / Return Rank: 93
VIVIX Sharpe Ratio Rank: 95
VIVIX Sortino Ratio Rank: 93
VIVIX Omega Ratio Rank: 88
VIVIX Calmar Ratio Rank: 95
VIVIX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WHGLX vs. VIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Quality Value Fund (WHGLX) and Vanguard Value Index Fund Institutional Shares (VIVIX). 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.

	WHGLX	VIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	2.53	-1.50
Sortino ratio: Return per unit of downside risk	1.51	3.61	-2.09
Omega ratio: Gain probability vs. loss probability	1.18	1.45	-0.27
Calmar ratio: Return relative to maximum drawdown	1.49	4.11	-2.62
Martin ratio: Return relative to average drawdown	5.70	15.86	-10.15

WHGLX vs. VIVIX - Sharpe Ratio Comparison

The current WHGLX Sharpe Ratio is 1.03, which is lower than the VIVIX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of WHGLX and VIVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WHGLX vs. VIVIX - Drawdown Comparison

The maximum WHGLX drawdown since its inception was -51.00%, smaller than the maximum VIVIX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for WHGLX and VIVIX.

Drawdown Indicators

	WHGLX	VIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.00%	-59.30%	+8.30%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-6.36%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-14.40%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-16.62%	-17.12%	+0.50%
Max Drawdown (10Y) Largest decline over 10 years	-36.32%	-36.80%	+0.48%
Current Drawdown Current decline from peak	-0.85%	-1.07%	+0.22%
Average Drawdown Average peak-to-trough decline	-7.61%	-9.21%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.65%	+0.17%

Volatility

WHGLX vs. VIVIX - Volatility Comparison

Westwood Quality Value Fund (WHGLX) and Vanguard Value Index Fund Institutional Shares (VIVIX) have volatilities of 2.67% and 2.65%, 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.

Volatility by Period

	WHGLX	VIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.65%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	7.78%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	10.06%	10.36%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.68%	13.87%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	16.69%	-0.49%

WHGLX vs. VIVIX - Expense Ratio Comparison

WHGLX has a 0.65% expense ratio, which is higher than VIVIX's 0.03% expense ratio.

Dividends

WHGLX vs. VIVIX - Dividend Comparison

WHGLX's dividend yield for the trailing twelve months is around 20.11%, more than VIVIX's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIVIX Vanguard Value Index Fund Institutional Shares	1.85%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%
WHGLX Westwood Quality Value Fund	20.11%	21.91%	7.64%	3.78%	1.52%	17.70%	5.86%	4.63%	12.36%	6.53%	4.04%	10.08%

Frequently Asked Questions

Can I hold both WHGLX and VIVIX in my portfolio?

WHGLX and VIVIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WHGLX or VIVIX?

WHGLX has higher volatility (2.67%) compared to VIVIX (2.65%). In terms of maximum drawdown, WHGLX dropped -51.00% vs VIVIX's -59.30%.

Which has better risk-adjusted returns?

VIVIX currently has the higher Sharpe Ratio (2.53 vs 1.03), 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.