INDEX vs. VMIAX
Compare and contrast key facts about Index Funds S&P 500 Equal Weight (INDEX) and Vanguard Materials Index Fund Admiral Shares (VMIAX).
INDEX is managed by Fidelity. It was launched on Mar 9, 2017. VMIAX is managed by Vanguard. It was launched on Feb 11, 2004.
Performance
INDEX vs. VMIAX - Performance Comparison
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INDEX vs. VMIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDEX Index Funds S&P 500 Equal Weight | -7.15% | 17.77% | 24.73% | 10.58% | -11.84% | 29.10% | 12.75% | 28.98% | -7.83% | 18.70% |
VMIAX Vanguard Materials Index Fund Admiral Shares | 6.53% | 12.26% | 0.45% | 13.69% | -11.77% | 27.15% | 19.37% | 23.59% | -17.38% | 23.68% |
Returns By Period
In the year-to-date period, INDEX achieves a -7.15% return, which is significantly lower than VMIAX's 6.53% return. Over the past 10 years, INDEX has outperformed VMIAX with an annualized return of 11.36%, while VMIAX has yielded a comparatively lower 10.28% annualized return.
INDEX
- 1D
- -0.40%
- 1M
- -7.68%
- YTD
- -7.15%
- 6M
- -4.57%
- 1Y
- 14.28%
- 3Y*
- 13.53%
- 5Y*
- 9.06%
- 10Y*
- 11.36%
VMIAX
- 1D
- 0.18%
- 1M
- -9.44%
- YTD
- 6.53%
- 6M
- 8.30%
- 1Y
- 18.48%
- 3Y*
- 9.17%
- 5Y*
- 6.78%
- 10Y*
- 10.28%
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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%.
Return for Risk
INDEX vs. VMIAX — Risk / Return Rank
INDEX
VMIAX
INDEX vs. VMIAX - Risk-Adjusted Trends 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 | VMIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.92 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.41 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.20 | -0.15 |
Martin ratioReturn relative to average drawdown | 5.10 | 4.14 | +0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INDEX | VMIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.92 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.35 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.49 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.38 | +0.16 |
Correlation
The correlation between INDEX and VMIAX is 0.83, 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.
Dividends
INDEX vs. VMIAX - Dividend Comparison
INDEX's dividend yield for the trailing twelve months is around 1.12%, less than VMIAX's 1.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDEX Index Funds S&P 500 Equal Weight | 1.12% | 1.04% | 1.97% | 1.56% | 3.25% | 1.81% | 1.53% | 1.61% | 3.09% | 1.15% | 0.00% | 0.00% |
VMIAX Vanguard Materials Index Fund Admiral Shares | 1.45% | 1.56% | 1.70% | 1.72% | 1.98% | 1.33% | 1.67% | 1.94% | 2.02% | 1.63% | 1.73% | 2.31% |
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.
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Drawdown Indicators
| INDEX | VMIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.82% | -62.17% | +23.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -14.30% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -25.45% | +3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -38.82% | -41.02% | +2.20% |
Current DrawdownCurrent decline from peak | -8.93% | -9.44% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -9.67% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 4.13% | -1.64% |
Volatility
INDEX vs. VMIAX - Volatility Comparison
The current volatility for Index Funds S&P 500 Equal Weight (INDEX) is 4.25%, while Vanguard Materials Index Fund Admiral Shares (VMIAX) has a volatility of 6.44%. This indicates that INDEX experiences smaller price fluctuations and is considered to be less risky than VMIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDEX | VMIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 6.44% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 13.15% | -4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 21.35% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 19.59% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 21.15% | -2.53% |