VAW vs. VGPMX
Compare and contrast key facts about Vanguard Materials ETF (VAW) and Vanguard Global Capital Cycles Fund (VGPMX).
VAW is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Materials 25/50 Index. It was launched on Jan 26, 2004. VGPMX is managed by Vanguard. It was launched on May 23, 1984.
Performance
VAW vs. VGPMX - Performance Comparison
Loading graphics...
VAW vs. VGPMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAW Vanguard Materials ETF | 8.97% | 12.30% | 0.48% | 13.67% | -11.80% | 27.43% | 19.44% | 23.53% | -17.49% | 23.76% |
VGPMX Vanguard Global Capital Cycles Fund | 4.53% | 65.96% | 5.78% | 10.06% | 7.34% | 19.50% | 17.21% | 20.67% | -32.26% | 13.75% |
Returns By Period
In the year-to-date period, VAW achieves a 8.97% return, which is significantly higher than VGPMX's 4.53% return. Over the past 10 years, VAW has underperformed VGPMX with an annualized return of 10.55%, while VGPMX has yielded a comparatively higher 12.39% annualized return.
VAW
- 1D
- 2.34%
- 1M
- -7.36%
- YTD
- 8.97%
- 6M
- 10.84%
- 1Y
- 21.22%
- 3Y*
- 10.04%
- 5Y*
- 7.09%
- 10Y*
- 10.55%
VGPMX
- 1D
- -0.02%
- 1M
- -10.69%
- YTD
- 4.53%
- 6M
- 17.55%
- 1Y
- 57.21%
- 3Y*
- 24.25%
- 5Y*
- 19.13%
- 10Y*
- 12.39%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VAW vs. VGPMX - Expense Ratio Comparison
VAW has a 0.10% expense ratio, which is lower than VGPMX's 0.36% expense ratio.
Return for Risk
VAW vs. VGPMX — Risk / Return Rank
VAW
VGPMX
VAW vs. VGPMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials ETF (VAW) and Vanguard Global Capital Cycles Fund (VGPMX). 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.
| VAW | VGPMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 2.94 | -1.94 |
Sortino ratioReturn per unit of downside risk | 1.51 | 3.51 | -2.00 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.56 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 4.24 | -2.68 |
Martin ratioReturn relative to average drawdown | 5.38 | 17.59 | -12.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VAW | VGPMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 2.94 | -1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.12 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.57 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.25 | +0.14 |
Correlation
The correlation between VAW and VGPMX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VAW vs. VGPMX - Dividend Comparison
VAW's dividend yield for the trailing twelve months is around 1.41%, less than VGPMX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAW Vanguard Materials ETF | 1.41% | 1.55% | 1.70% | 1.72% | 1.98% | 1.44% | 1.67% | 1.94% | 2.03% | 1.63% | 1.67% | 2.30% |
VGPMX Vanguard Global Capital Cycles Fund | 3.73% | 2.59% | 2.68% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.02% | 0.02% | 1.72% | 2.32% |
Drawdowns
VAW vs. VGPMX - Drawdown Comparison
The maximum VAW drawdown since its inception was -62.17%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for VAW and VGPMX.
Loading graphics...
Drawdown Indicators
| VAW | VGPMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.17% | -78.85% | +16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -12.80% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.50% | -22.71% | -2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -54.59% | +13.46% |
Current DrawdownCurrent decline from peak | -7.36% | -10.73% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -34.69% | +25.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 3.09% | +1.06% |
Volatility
VAW vs. VGPMX - Volatility Comparison
The current volatility for Vanguard Materials ETF (VAW) is 7.07%, while Vanguard Global Capital Cycles Fund (VGPMX) has a volatility of 7.56%. This indicates that VAW experiences smaller price fluctuations and is considered to be less risky than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VAW | VGPMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 7.56% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 13.14% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 19.28% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 17.15% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 21.65% | -0.51% |