FASEX vs. VMFVX

Last updated Aug 1, 2026

FASEX (Nuveen Mid Cap Value Fund) and VMFVX (Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares) are both Mid Cap Value Equities funds. Over the past 10 years, FASEX returned 11.00%/yr vs 10.61%/yr for VMFVX. Their 0.95 correlation means they have historically moved very closely together. FASEX charges 1.16%/yr vs 0.08%/yr for VMFVX.

Performance

FASEX vs. VMFVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Mid Cap Value Fund (FASEX) and Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASEX achieves a 19.56% return, which is significantly higher than VMFVX's 13.52% return. Both investments have delivered pretty close results over the past 10 years, with FASEX having a 11.00% annualized return and VMFVX not far behind at 10.61%.

FASEX

• 1D: 0.70%
• 1M: -0.26%
• 6M: 14.33%
• YTD: 19.56%
• 1Y: 28.65%
• 3Y*: 14.01%
• 5Y*: 9.89%
• 10Y*: 11.00%
• ALL TIME*: 9.47%

VMFVX

• 1D: 0.11%
• 1M: 1.00%
• 6M: 9.03%
• YTD: 13.52%
• 1Y: 23.10%
• 3Y*: 12.01%
• 5Y*: 9.25%
• 10Y*: 10.61%
• ALL TIME*: 10.87%

*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)
FASEX Nuveen Mid Cap Value Fund	$0.00	$0.00	$0.00
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares	$0.00	$0.00	$0.00

FASEX vs. VMFVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FASEX Nuveen Mid Cap Value Fund	19.56%	9.68%	10.40%	14.20%	-10.63%	34.84%	1.19%	26.68%	-13.00%	19.23%
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares	13.52%	7.57%	10.59%	16.49%	-7.03%	30.54%	3.68%	26.18%	-11.90%	12.27%

Correlation

The correlation between FASEX and VMFVX is 0.92, 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.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.95

The correlation between FASEX and VMFVX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

FASEX vs. VMFVX — Risk / Return Rank

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

FASEX

FASEX Risk / Return Rank: 84
FASEX Sharpe Ratio Rank: 81
FASEX Sortino Ratio Rank: 80
FASEX Omega Ratio Rank: 77
FASEX Calmar Ratio Rank: 92
FASEX Martin Ratio Rank: 93

VMFVX

VMFVX Risk / Return Rank: 54
VMFVX Sharpe Ratio Rank: 54
VMFVX Sortino Ratio Rank: 59
VMFVX Omega Ratio Rank: 50
VMFVX Calmar Ratio Rank: 56
VMFVX Martin Ratio Rank: 51

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.

FASEX vs. VMFVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Mid Cap Value Fund (FASEX) and Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX). 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.

	FASEX	VMFVX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.35	+0.57
Sortino ratio: Return per unit of downside risk	2.76	2.07	+0.69
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.10
Calmar ratio: Return relative to maximum drawdown	3.62	1.92	+1.70
Martin ratio: Return relative to average drawdown	13.59	6.84	+6.75

FASEX vs. VMFVX - Sharpe Ratio Comparison

The current FASEX Sharpe Ratio is 1.93, which is higher than the VMFVX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FASEX and VMFVX, 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

FASEX vs. VMFVX - Drawdown Comparison

The maximum FASEX drawdown since its inception was -55.57%, which is greater than VMFVX's maximum drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for FASEX and VMFVX.

Drawdown Indicators

	FASEX	VMFVX	Difference
Max Drawdown Largest peak-to-trough decline	-55.57%	-45.79%	-9.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-10.52%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-22.26%	-22.46%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-22.26%	-22.46%	+0.20%
Max Drawdown (10Y) Largest decline over 10 years	-44.56%	-45.79%	+1.23%
Current Drawdown Current decline from peak	-1.61%	-1.01%	-0.60%
Average Drawdown Average peak-to-trough decline	-8.90%	-5.43%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.96%	-0.97%

Volatility

FASEX vs. VMFVX - Volatility Comparison

Nuveen Mid Cap Value Fund (FASEX) and Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) have volatilities of 3.53% and 3.41%, 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

	FASEX	VMFVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.41%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	10.33%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	14.96%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	19.27%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	21.81%	-1.67%

FASEX vs. VMFVX - Expense Ratio Comparison

FASEX has a 1.16% expense ratio, which is higher than VMFVX's 0.08% expense ratio.

Dividends

FASEX vs. VMFVX - Dividend Comparison

FASEX's dividend yield for the trailing twelve months is around 12.27%, more than VMFVX's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASEX Nuveen Mid Cap Value Fund	12.27%	14.67%	5.29%	3.12%	6.32%	4.02%	1.06%	0.89%	4.48%	7.93%	3.67%	3.49%
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares	1.66%	1.88%	1.81%	1.58%	2.04%	1.81%	2.48%	1.94%	2.01%	1.56%	1.42%	1.73%

Frequently Asked Questions

Can I hold both FASEX and VMFVX in my portfolio?

With a correlation of 0.92, FASEX and VMFVX 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.

Which is riskier, FASEX or VMFVX?

FASEX has higher volatility (3.53%) compared to VMFVX (3.41%). In terms of maximum drawdown, FASEX dropped -55.57% vs VMFVX's -45.79%.

Which has better risk-adjusted returns?

FASEX currently has the higher Sharpe Ratio (1.93 vs 1.35), 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.