VFINX vs. MDYV
VFINX (Vanguard 500 Index Fund Investor Shares) and MDYV (SPDR S&P 400 Mid Cap Value ETF) are both funds - VFINX is a Large Cap Blend Equities fund tracking the S&P 500 Index, while MDYV is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Value Index. Both are passively managed. Over the past 10 years, VFINX returned 15.03%/yr vs 10.68%/yr for MDYV. Their 0.75 correlation means they have sometimes moved together and sometimes differently. VFINX charges 0.14%/yr vs 0.15%/yr for MDYV.
Performance
VFINX vs. MDYV - Performance Comparison
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Returns By Period
In the year-to-date period, VFINX achieves a 11.68% return, which is significantly lower than MDYV's 16.02% return. Over the past 10 years, VFINX has outperformed MDYV with an annualized return of 15.03%, while MDYV has yielded a comparatively lower 10.68% annualized return.
VFINX
- 1D
- 1.48%
- 1M
- 1.62%
- 6M
- 10.43%
- YTD
- 11.68%
- 1Y
- 21.34%
- 3Y*
- 20.72%
- 5Y*
- 12.99%
- 10Y*
- 15.03%
- ALL TIME*
- 10.72%
MDYV
- 1D
- 1.48%
- 1M
- 3.21%
- 6M
- 10.25%
- YTD
- 16.02%
- 1Y
- 24.25%
- 3Y*
- 13.43%
- 5Y*
- 9.63%
- 10Y*
- 10.68%
- ALL TIME*
- 9.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.66M | $9.09M | $7.81M | |
| $0.00 | $0.00 | $0.00 |
VFINX vs. MDYV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFINX Vanguard 500 Index Fund Investor Shares | 11.68% | 17.71% | 24.84% | 26.12% | -18.24% | 28.53% | 18.20% | 31.33% | -4.55% | 21.66% |
MDYV SPDR S&P 400 Mid Cap Value ETF | 16.02% | 7.45% | 11.48% | 15.35% | -7.19% | 30.51% | 3.68% | 25.89% | -11.95% | 12.31% |
Correlation
The correlation between VFINX and MDYV is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2005 | 0.75 |
The correlation between VFINX and MDYV shifts across timeframes, from 0.64 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VFINX vs. MDYV — Risk / Return Rank
VFINX
MDYV
VFINX vs. MDYV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Investor Shares (VFINX) and SPDR S&P 400 Mid Cap Value ETF (MDYV). 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.
| VFINX | MDYV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.31 | +0.29 |
| Martin ratioReturn relative to average drawdown | 11.18 | 8.23 | +2.95 |
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Drawdowns
VFINX vs. MDYV - Drawdown Comparison
The maximum VFINX drawdown since its inception was -55.25%, smaller than the maximum MDYV drawdown of -60.71%. Use the drawdown chart below to compare losses from any high point for VFINX and MDYV.
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Drawdown Indicators
| VFINX | MDYV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -60.71% | +5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -10.53% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -22.58% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -22.58% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.83% | -45.90% | +12.07% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -8.56% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.95% | -0.88% |
Volatility
VFINX vs. MDYV - Volatility Comparison
Vanguard 500 Index Fund Investor Shares (VFINX) and SPDR S&P 400 Mid Cap Value ETF (MDYV) have volatilities of 3.81% and 3.78%, 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.
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Volatility by Period
| VFINX | MDYV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.78% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 10.46% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 14.96% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 19.30% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 21.84% | -3.76% |
VFINX vs. MDYV - Expense Ratio Comparison
VFINX has a 0.14% expense ratio, which is lower than MDYV's 0.15% 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
VFINX vs. MDYV - Dividend Comparison
VFINX's dividend yield for the trailing twelve months is around 0.95%, less than MDYV's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 1.63% | 1.72% | 1.89% | 1.59% | 1.90% | 1.74% | 1.69% | 1.83% | 2.28% | 2.48% | 1.83% | 4.31% |
VFINX Vanguard 500 Index Fund Investor Shares | 0.95% | 1.02% | 1.14% | 1.36% | 1.57% | 1.15% | 1.45% | 1.77% | 1.94% | 1.69% | 1.92% | 1.99% |
Frequently Asked Questions
VFINX and MDYV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFINX has higher volatility (3.81%) compared to MDYV (3.78%). In terms of maximum drawdown, VFINX dropped -55.25% vs MDYV's -60.71%.
VFINX currently has the higher Sharpe Ratio (1.81 vs 1.63), 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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