AIE.L vs. MGC
Compare and contrast key facts about Ashoka India Equity Investment Trust plc (AIE.L) and Vanguard Mega Cap ETF (MGC).
MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIE.L or MGC.
Key characteristics
| AIE.L | MGC | |
|---|---|---|
| YTD Return | 19.34% | 20.03% |
| 1Y Return | 27.19% | 29.60% |
| 3Y Return (Ann) | 14.64% | 10.19% |
| 5Y Return (Ann) | 21.73% | 16.10% |
| Sharpe Ratio | 1.54 | 2.24 |
| Daily Std Dev | 17.56% | 13.09% |
| Max Drawdown | -41.42% | -52.20% |
| Current Drawdown | -0.34% | -1.27% |
Correlation
The correlation between AIE.L and MGC is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AIE.L vs. MGC - Performance Comparison
The year-to-date returns for both investments are quite close, with AIE.L having a 19.34% return and MGC slightly higher at 20.03%. 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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Risk-Adjusted Performance
AIE.L vs. MGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ashoka India Equity Investment Trust plc (AIE.L) and Vanguard Mega Cap ETF (MGC). 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
AIE.L vs. MGC - Dividend Comparison
AIE.L has not paid dividends to shareholders, while MGC's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIE.L Ashoka India Equity Investment Trust plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGC Vanguard Mega Cap ETF | 1.21% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.83% | 2.14% | 2.11% | 1.81% | 1.86% |
Drawdowns
AIE.L vs. MGC - Drawdown Comparison
The maximum AIE.L drawdown since its inception was -41.42%, smaller than the maximum MGC drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for AIE.L and MGC. For additional features, visit the drawdowns tool.
Volatility
AIE.L vs. MGC - Volatility Comparison
The current volatility for Ashoka India Equity Investment Trust plc (AIE.L) is 2.94%, while Vanguard Mega Cap ETF (MGC) has a volatility of 4.02%. This indicates that AIE.L experiences smaller price fluctuations and is considered to be less risky than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.