IAXIX vs. VMGMX
IAXIX (VY T. Rowe Price Diversified Mid Cap Growth Portfolio) and VMGMX (Vanguard Mid-Cap Growth Index Fund Admiral Shares) are both Mid Cap Growth Equities funds. Over the past 10 years, IAXIX returned 12.41%/yr vs 11.65%/yr for VMGMX. Their 0.96 correlation means they have historically moved very closely together. IAXIX charges 0.78%/yr vs 0.07%/yr for VMGMX.
Performance
IAXIX vs. VMGMX - Performance Comparison
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Returns By Period
In the year-to-date period, IAXIX achieves a 2.00% return, which is significantly lower than VMGMX's 6.22% return. Over the past 10 years, IAXIX has outperformed VMGMX with an annualized return of 12.41%, while VMGMX has yielded a comparatively lower 11.65% annualized return.
IAXIX
- 1D
- -0.27%
- 1M
- -3.86%
- 6M
- 1.72%
- YTD
- 2.00%
- 1Y
- -0.72%
- 3Y*
- 12.70%
- 5Y*
- 5.34%
- 10Y*
- 12.41%
- ALL TIME*
- 9.55%
VMGMX
- 1D
- 0.20%
- 1M
- -1.87%
- 6M
- 6.87%
- YTD
- 6.22%
- 1Y
- 4.11%
- 3Y*
- 12.47%
- 5Y*
- 4.87%
- 10Y*
- 11.65%
- ALL TIME*
- 12.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IAXIX vs. VMGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAXIX VY T. Rowe Price Diversified Mid Cap Growth Portfolio | 2.00% | 10.02% | 23.56% | 20.96% | -24.03% | 13.90% | 31.84% | 37.03% | -3.25% | 24.82% |
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 6.22% | 10.69% | 15.65% | 23.93% | -28.84% | 20.48% | 34.45% | 33.85% | -5.61% | 21.83% |
Correlation
The correlation between IAXIX and VMGMX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011 | 0.96 |
The correlation between IAXIX and VMGMX has been stable across timeframes, ranging from 0.86 to 0.96 - a consistent structural relationship.
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Return for Risk
IAXIX vs. VMGMX — Risk / Return Rank
IAXIX
VMGMX
IAXIX vs. VMGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY T. Rowe Price Diversified Mid Cap Growth Portfolio (IAXIX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). 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.
| IAXIX | VMGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.03 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.14 | -0.19 |
| Martin ratioReturn relative to average drawdown | -0.16 | 0.40 | -0.56 |
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Drawdowns
IAXIX vs. VMGMX - Drawdown Comparison
The maximum IAXIX drawdown since its inception was -57.55%, which is greater than VMGMX's maximum drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for IAXIX and VMGMX.
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Drawdown Indicators
| IAXIX | VMGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.55% | -37.17% | -20.38% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -15.95% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -25.22% | -21.65% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -35.55% | -37.17% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -35.92% | -37.17% | +1.25% |
Current DrawdownCurrent decline from peak | -6.11% | -3.57% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -6.97% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 5.41% | -0.74% |
Volatility
IAXIX vs. VMGMX - Volatility Comparison
VY T. Rowe Price Diversified Mid Cap Growth Portfolio (IAXIX) has a higher volatility of 5.23% compared to Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) at 4.16%. This indicates that IAXIX's price experiences larger fluctuations and is considered to be riskier than VMGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAXIX | VMGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 4.16% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 13.94% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.48% | 17.30% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.72% | 21.62% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.62% | 21.03% | +0.59% |
IAXIX vs. VMGMX - Expense Ratio Comparison
IAXIX has a 0.78% expense ratio, which is higher than VMGMX's 0.07% expense ratio.
Dividends
IAXIX vs. VMGMX - Dividend Comparison
IAXIX's dividend yield for the trailing twelve months is around 14.53%, more than VMGMX's 0.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAXIX VY T. Rowe Price Diversified Mid Cap Growth Portfolio | 14.53% | 14.82% | 10.16% | 0.13% | 33.01% | 16.53% | 7.02% | 10.49% | 11.65% | 7.56% | 13.36% | 17.67% |
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.61% | 0.64% | 0.67% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% |
Frequently Asked Questions
IAXIX and VMGMX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAXIX has higher volatility (5.23%) compared to VMGMX (4.16%). In terms of maximum drawdown, IAXIX dropped -57.55% vs VMGMX's -37.17%.
VMGMX currently has the higher Sharpe Ratio (0.13 vs -0.04), 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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