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INDEX vs. VMIAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


INDEXVMIAX
YTD Return11.66%7.33%
1Y Return21.04%19.89%
3Y Return (Ann)6.33%3.77%
5Y Return (Ann)12.17%13.18%
Sharpe Ratio1.861.37
Daily Std Dev11.85%15.05%
Max Drawdown-38.82%-62.17%
Current Drawdown-0.08%-0.72%

Correlation

-0.50.00.51.00.9

The correlation between INDEX and VMIAX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

INDEX vs. VMIAX - Performance Comparison

In the year-to-date period, INDEX achieves a 11.66% return, which is significantly higher than VMIAX's 7.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


90.00%100.00%110.00%120.00%130.00%December2024FebruaryMarchAprilMay
133.80%
117.98%
INDEX
VMIAX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Index Funds S&P 500 Equal Weight

Vanguard Materials Index Fund Admiral Shares

INDEX vs. VMIAX - Expense Ratio Comparison

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%.


INDEX
Index Funds S&P 500 Equal Weight
Expense ratio chart for INDEX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for VMIAX: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

Risk-Adjusted Performance

INDEX vs. VMIAX - Risk-Adjusted Performance Comparison

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.


INDEX
Sharpe ratio
The chart of Sharpe ratio for INDEX, currently valued at 1.86, compared to the broader market-1.000.001.002.003.004.001.86
Sortino ratio
The chart of Sortino ratio for INDEX, currently valued at 2.72, compared to the broader market-2.000.002.004.006.008.0010.0012.002.72
Omega ratio
The chart of Omega ratio for INDEX, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.003.501.33
Calmar ratio
The chart of Calmar ratio for INDEX, currently valued at 1.36, compared to the broader market0.002.004.006.008.0010.0012.001.36
Martin ratio
The chart of Martin ratio for INDEX, currently valued at 5.12, compared to the broader market0.0020.0040.0060.0080.005.12
VMIAX
Sharpe ratio
The chart of Sharpe ratio for VMIAX, currently valued at 1.37, compared to the broader market-1.000.001.002.003.004.001.37
Sortino ratio
The chart of Sortino ratio for VMIAX, currently valued at 1.98, compared to the broader market-2.000.002.004.006.008.0010.0012.001.98
Omega ratio
The chart of Omega ratio for VMIAX, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.003.501.24
Calmar ratio
The chart of Calmar ratio for VMIAX, currently valued at 1.29, compared to the broader market0.002.004.006.008.0010.0012.001.29
Martin ratio
The chart of Martin ratio for VMIAX, currently valued at 4.09, compared to the broader market0.0020.0040.0060.0080.004.09

INDEX vs. VMIAX - Sharpe Ratio Comparison

The current INDEX Sharpe Ratio is 1.86, which is higher than the VMIAX Sharpe Ratio of 1.37. The chart below compares the 12-month rolling Sharpe Ratio of INDEX and VMIAX.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00December2024FebruaryMarchAprilMay
1.86
1.37
INDEX
VMIAX

Dividends

INDEX vs. VMIAX - Dividend Comparison

INDEX's dividend yield for the trailing twelve months is around 1.40%, less than VMIAX's 1.60% yield.


TTM20232022202120202019201820172016201520142013
INDEX
Index Funds S&P 500 Equal Weight
1.40%1.56%3.25%1.81%1.53%1.61%1.82%1.15%1.15%1.19%0.00%0.00%
VMIAX
Vanguard Materials Index Fund Admiral Shares
1.60%1.72%1.98%1.44%1.67%1.94%2.02%1.63%1.73%2.31%1.76%1.83%

Drawdowns

INDEX vs. VMIAX - Drawdown Comparison

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. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-0.08%
-0.72%
INDEX
VMIAX

Volatility

INDEX vs. VMIAX - Volatility Comparison

Index Funds S&P 500 Equal Weight (INDEX) and Vanguard Materials Index Fund Admiral Shares (VMIAX) have volatilities of 3.36% and 3.21%, 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.


2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%December2024FebruaryMarchAprilMay
3.36%
3.21%
INDEX
VMIAX