CMGIX vs. VONG

Last updated Aug 1, 2026

CMGIX (BlackRock Mid-Cap Growth Equity Portfolio) and VONG (Vanguard Russell 1000 Growth ETF) are both funds - CMGIX is a Mid Cap Growth Equities fund managed by BlackRock, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Over the past 10 years, CMGIX returned 11.80%/yr vs 17.43%/yr for VONG. Their correlation of 0.87 means they have usually moved in the same direction. CMGIX charges 0.80%/yr vs 0.06%/yr for VONG.

Performance

CMGIX vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMGIX achieves a 6.92% return, which is significantly higher than VONG's 0.39% return. Over the past 10 years, CMGIX has underperformed VONG with an annualized return of 11.80%, while VONG has yielded a comparatively higher 17.43% annualized return.

CMGIX

• 1D: 2.99%
• 1M: -5.25%
• 6M: 6.51%
• YTD: 6.92%
• 1Y: 4.90%
• 3Y*: 8.53%
• 5Y*: -0.27%
• 10Y*: 11.80%
• ALL TIME*: 9.63%

VONG

• 1D: 0.84%
• 1M: -2.27%
• 6M: 1.82%
• YTD: 0.39%
• 1Y: 10.18%
• 3Y*: 19.33%
• 5Y*: 11.83%
• 10Y*: 17.43%
• ALL TIME*: 16.45%

*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)
CMGIX BlackRock Mid-Cap Growth Equity Portfolio	$0.00	$0.00	$0.00
VONG Vanguard Russell 1000 Growth ETF	$121.41M	$148.04M	$174.70M

CMGIX vs. VONG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMGIX BlackRock Mid-Cap Growth Equity Portfolio	6.92%	0.49%	12.44%	28.24%	-37.36%	14.51%	46.13%	36.19%	2.88%	34.59%
VONG Vanguard Russell 1000 Growth ETF	0.39%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%

Correlation

The correlation between CMGIX and VONG is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.87

The correlation between CMGIX and VONG has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

Return for Risk

CMGIX vs. VONG — Risk / Return Rank

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

CMGIX

CMGIX Risk / Return Rank: 6
CMGIX Sharpe Ratio Rank: 6
CMGIX Sortino Ratio Rank: 7
CMGIX Omega Ratio Rank: 6
CMGIX Calmar Ratio Rank: 6
CMGIX Martin Ratio Rank: 7

VONG

VONG Risk / Return Rank: 21
VONG Sharpe Ratio Rank: 22
VONG Sortino Ratio Rank: 21
VONG Omega Ratio Rank: 21
VONG Calmar Ratio Rank: 20
VONG Martin Ratio Rank: 22

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.

CMGIX vs. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) and Vanguard Russell 1000 Growth ETF (VONG). 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.

	CMGIX	VONG	Difference
Sharpe ratio: Return per unit of total volatility	0.10	0.46	-0.36
Sortino ratio: Return per unit of downside risk	0.31	0.75	-0.44
Omega ratio: Gain probability vs. loss probability	1.04	1.09	-0.06
Calmar ratio: Return relative to maximum drawdown	0.16	0.50	-0.34
Martin ratio: Return relative to average drawdown	0.46	1.48	-1.02

CMGIX vs. VONG - Sharpe Ratio Comparison

The current CMGIX Sharpe Ratio is 0.10, which is lower than the VONG Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of CMGIX and VONG, 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

CMGIX vs. VONG - Drawdown Comparison

The maximum CMGIX drawdown since its inception was -73.85%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for CMGIX and VONG.

Drawdown Indicators

	CMGIX	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-73.85%	-32.72%	-41.13%
Max Drawdown (1Y) Largest decline over 1 year	-14.90%	-16.23%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-29.77%	-23.27%	-6.50%
Max Drawdown (5Y) Largest decline over 5 years	-45.96%	-32.72%	-13.24%
Max Drawdown (10Y) Largest decline over 10 years	-45.96%	-32.72%	-13.24%
Current Drawdown Current decline from peak	-9.33%	-7.89%	-1.44%
Average Drawdown Average peak-to-trough decline	-28.54%	-4.89%	-23.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	5.42%	-0.36%

Volatility

CMGIX vs. VONG - Volatility Comparison

BlackRock Mid-Cap Growth Equity Portfolio (CMGIX) and Vanguard Russell 1000 Growth ETF (VONG) have volatilities of 6.39% and 6.45%, 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

	CMGIX	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	6.45%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	18.56%	14.00%	+4.56%
Volatility (1Y) Calculated over the trailing 1-year period	22.77%	17.45%	+5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.36%	21.64%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.56%	21.01%	+2.55%

CMGIX vs. VONG - Expense Ratio Comparison

CMGIX has a 0.80% expense ratio, which is higher than VONG's 0.06% expense ratio.

Dividends

CMGIX vs. VONG - Dividend Comparison

CMGIX's dividend yield for the trailing twelve months is around 33.53%, more than VONG's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMGIX BlackRock Mid-Cap Growth Equity Portfolio	33.53%	21.20%	0.00%	0.00%	0.00%	4.94%	0.00%	0.39%	4.72%	3.31%	0.00%	2.57%
VONG Vanguard Russell 1000 Growth ETF	0.48%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

Frequently Asked Questions

Can I hold both CMGIX and VONG in my portfolio?

CMGIX and VONG have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMGIX or VONG?

VONG has higher volatility (6.45%) compared to CMGIX (6.39%). In terms of maximum drawdown, CMGIX dropped -73.85% vs VONG's -32.72%.

Which has better risk-adjusted returns?

VONG currently has the higher Sharpe Ratio (0.46 vs 0.10), 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.