VDVIX vs. VMVIX
VDVIX (Vanguard Developed Markets Index Fund Investor Shares) and VMVIX (Vanguard Mid-Cap Value Index Fund) are both mutual funds - VDVIX is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while VMVIX is a Mid Cap Value Equities fund managed by Vanguard. Over the past 10 years, VDVIX returned 9.94%/yr vs 10.57%/yr for VMVIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. VDVIX charges 0.16%/yr vs 0.19%/yr for VMVIX.
Performance
VDVIX vs. VMVIX - Performance Comparison
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Returns By Period
In the year-to-date period, VDVIX achieves a 14.56% return, which is significantly lower than VMVIX's 16.84% return. Over the past 10 years, VDVIX has underperformed VMVIX with an annualized return of 9.94%, while VMVIX has yielded a comparatively higher 10.57% annualized return.
VDVIX
- 1D
- 3.15%
- 1M
- 0.80%
- 6M
- 8.09%
- YTD
- 14.56%
- 1Y
- 30.50%
- 3Y*
- 17.80%
- 5Y*
- 9.79%
- 10Y*
- 9.94%
- ALL TIME*
- 7.61%
VMVIX
- 1D
- -0.33%
- 1M
- 2.52%
- 6M
- 12.09%
- YTD
- 16.84%
- 1Y
- 26.13%
- 3Y*
- 14.80%
- 5Y*
- 9.91%
- 10Y*
- 10.57%
- ALL TIME*
- 9.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VDVIX vs. VMVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDVIX Vanguard Developed Markets Index Fund Investor Shares | 14.56% | 34.96% | 2.95% | 17.59% | -15.41% | 11.31% | 10.10% | 21.95% | -14.59% | 26.30% |
VMVIX Vanguard Mid-Cap Value Index Fund | 16.84% | 11.22% | 13.48% | 10.00% | -8.00% | 28.60% | 2.33% | 27.85% | -12.57% | 16.91% |
Correlation
The correlation between VDVIX and VMVIX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2013 | 0.74 |
The correlation between VDVIX and VMVIX shifts across timeframes, from 0.55 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VDVIX vs. VMVIX — Risk / Return Rank
VDVIX
VMVIX
VDVIX vs. VMVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Investor Shares (VDVIX) 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.
| VDVIX | VMVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.55 | -1.06 |
| Martin ratioReturn relative to average drawdown | 9.29 | 13.86 | -4.56 |
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Drawdowns
VDVIX vs. VMVIX - Drawdown Comparison
The maximum VDVIX drawdown since its inception was -35.78%, smaller than the maximum VMVIX drawdown of -61.61%. Use the drawdown chart below to compare losses from any high point for VDVIX and VMVIX.
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Drawdown Indicators
| VDVIX | VMVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.78% | -61.61% | +25.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -6.96% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.21% | -18.94% | +5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | -19.81% | -10.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.78% | -43.08% | +7.30% |
Current DrawdownCurrent decline from peak | -1.67% | -1.08% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -8.39% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 1.78% | +1.35% |
Volatility
VDVIX vs. VMVIX - Volatility Comparison
Vanguard Developed Markets Index Fund Investor Shares (VDVIX) has a higher volatility of 5.78% compared to Vanguard Mid-Cap Value Index Fund (VMVIX) at 2.69%. This indicates that VDVIX's price experiences larger fluctuations and is considered to be riskier than VMVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDVIX | VMVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 2.69% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 8.13% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 11.39% | +5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 15.89% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 18.69% | -2.26% |
VDVIX vs. VMVIX - Expense Ratio Comparison
VDVIX has a 0.16% expense ratio, which is lower than VMVIX's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VDVIX vs. VMVIX - Dividend Comparison
VDVIX's dividend yield for the trailing twelve months is around 2.43%, more than VMVIX's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDVIX Vanguard Developed Markets Index Fund Investor Shares | 2.43% | 3.11% | 3.24% | 3.05% | 2.78% | 3.04% | 1.94% | 2.94% | 3.22% | 2.68% | 2.95% | 2.79% |
VMVIX Vanguard Mid-Cap Value Index Fund | 1.70% | 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
VDVIX and VMVIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VDVIX has higher volatility (5.78%) compared to VMVIX (2.69%). In terms of maximum drawdown, VDVIX dropped -35.78% vs VMVIX's -61.61%.
VMVIX currently has the higher Sharpe Ratio (2.18 vs 1.74), 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.
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