IJMIX vs. VMVIX

Last updated Jul 3, 2026

IJMIX (VY JPMorgan Mid Cap Value Portfolio) and VMVIX (Vanguard Mid-Cap Value Index Fund) are both Mid Cap Value Equities funds. Over the past 10 years, IJMIX returned 9.13%/yr vs 10.55%/yr for VMVIX. With a 0.96 correlation, they move nearly in lockstep. IJMIX charges 0.88%/yr vs 0.19%/yr for VMVIX.

Performance

IJMIX vs. VMVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY JPMorgan Mid Cap Value Portfolio (IJMIX) and Vanguard Mid-Cap Value Index Fund (VMVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJMIX achieves a 11.48% return, which is significantly lower than VMVIX's 12.85% return. Over the past 10 years, IJMIX has underperformed VMVIX with an annualized return of 9.13%, while VMVIX has yielded a comparatively higher 10.55% annualized return.

IJMIX

• 1D: 0.12%
• 1M: 3.93%
• 6M: 11.48%
• YTD: 11.48%
• 1Y: 12.87%
• 3Y*: 12.09%
• 5Y*: 7.23%
• 10Y*: 9.13%

VMVIX

• 1D: 0.30%
• 1M: 1.76%
• 6M: 12.85%
• YTD: 12.85%
• 1Y: 20.97%
• 3Y*: 14.87%
• 5Y*: 9.06%
• 10Y*: 10.55%

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

IJMIX vs. VMVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJMIX VY JPMorgan Mid Cap Value Portfolio	11.48%	3.49%	14.20%	10.81%	-8.20%	29.83%	0.61%	26.34%	-11.91%	14.06%
VMVIX Vanguard Mid-Cap Value Index Fund	12.85%	11.22%	13.48%	10.00%	-8.00%	28.60%	2.33%	27.85%	-12.57%	16.91%

Correlation

The correlation between IJMIX and VMVIX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 24, 2006	0.96

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

Return for Risk

IJMIX vs. VMVIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJMIX

IJMIX Risk / Return Rank: 26
IJMIX Sharpe Ratio Rank: 17
IJMIX Sortino Ratio Rank: 17
IJMIX Omega Ratio Rank: 25
IJMIX Calmar Ratio Rank: 35
IJMIX Martin Ratio Rank: 38

VMVIX

VMVIX Risk / Return Rank: 69
VMVIX Sharpe Ratio Rank: 64
VMVIX Sortino Ratio Rank: 67
VMVIX Omega Ratio Rank: 57
VMVIX Calmar Ratio Rank: 80
VMVIX Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJMIX vs. VMVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY JPMorgan Mid Cap Value Portfolio (IJMIX) and Vanguard Mid-Cap Value Index Fund (VMVIX). 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.

	IJMIX	VMVIX	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.86	-0.98
Sortino ratio: Return per unit of downside risk	1.34	2.70	-1.36
Omega ratio: Gain probability vs. loss probability	1.20	1.33	-0.13
Calmar ratio: Return relative to maximum drawdown	1.78	3.07	-1.29
Martin ratio: Return relative to average drawdown	6.65	11.68	-5.03

IJMIX vs. VMVIX - Sharpe Ratio Comparison

The current IJMIX Sharpe Ratio is 0.88, which is lower than the VMVIX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of IJMIX and VMVIX, 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

IJMIX vs. VMVIX - Drawdown Comparison

The maximum IJMIX drawdown since its inception was -54.73%, smaller than the maximum VMVIX drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for IJMIX and VMVIX.

Drawdown Indicators

	IJMIX	VMVIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.73%	-61.61%	+6.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-6.96%	-1.30%
Max Drawdown (3Y) Largest decline over 3 years	-18.61%	-18.94%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-18.96%	-19.81%	+0.85%
Max Drawdown (10Y) Largest decline over 10 years	-43.18%	-43.08%	-0.10%
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-10.18%	-8.43%	-1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.83%	+0.29%

Volatility

IJMIX vs. VMVIX - Volatility Comparison

VY JPMorgan Mid Cap Value Portfolio (IJMIX) and Vanguard Mid-Cap Value Index Fund (VMVIX) have volatilities of 3.59% and 3.43%, 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

	IJMIX	VMVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.43%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	13.97%	8.43%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	16.76%	11.57%	+5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	15.99%	+1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.64%	18.70%	+0.94%

IJMIX vs. VMVIX - Expense Ratio Comparison

IJMIX has a 0.88% expense ratio, which is higher than VMVIX's 0.19% expense ratio.

Dividends

IJMIX vs. VMVIX - Dividend Comparison

IJMIX's dividend yield for the trailing twelve months is around 14.11%, more than VMVIX's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJMIX VY JPMorgan Mid Cap Value Portfolio	14.11%	15.72%	6.03%	11.36%	20.71%	4.23%	9.14%	14.29%	11.98%	10.41%	10.24%	17.53%
VMVIX Vanguard Mid-Cap Value Index Fund	1.76%	1.42%	1.99%	2.15%	2.15%	1.67%	2.26%	1.95%	2.60%	1.75%	1.81%	1.91%

Frequently Asked Questions

Can I hold both IJMIX and VMVIX in my portfolio?

IJMIX and VMVIX 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, IJMIX or VMVIX?

IJMIX has higher volatility (3.59%) compared to VMVIX (3.43%). In terms of maximum drawdown, IJMIX dropped -54.73% vs VMVIX's -61.61%.

Which has better risk-adjusted returns?

VMVIX currently has the higher Sharpe Ratio (1.86 vs 0.88), 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.