INDEX vs. VMIAX

In the year-to-date period, INDEX achieves a 1.09% return, which is significantly lower than VMIAX's 3.21% return. Over the past 10 years, INDEX has outperformed VMIAX with an annualized return of 9.73%, while VMIAX has yielded a comparatively lower 7.67% annualized return.

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INDEX has a 0.25% expense ratio, which is higher than VMIAX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

This table presents a comparison of risk-adjusted performance metrics for Index Funds S&P 500 Equal Weight (INDEX) and Vanguard Materials Index Fund Admiral Shares (VMIAX). 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.

The current INDEX Sharpe Ratio is 0.62, which is higher than the VMIAX Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of INDEX and VMIAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

INDEX's dividend yield for the trailing twelve months is around 1.95%, more than VMIAX's 1.73% yield.

The maximum INDEX drawdown since its inception was -38.82%, smaller than the maximum VMIAX drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for INDEX and VMIAX.

Index Funds S&P 500 Equal Weight (INDEX) has a higher volatility of 4.73% compared to Vanguard Materials Index Fund Admiral Shares (VMIAX) at 4.19%. This indicates that INDEX's price experiences larger fluctuations and is considered to be riskier than VMIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.