VIEIX vs. VMCIX
Compare and contrast key facts about Vanguard Extended Market Index Fund Institutional Shares (VIEIX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX).
VIEIX is managed by Vanguard. It was launched on Jul 7, 1997. VMCIX is managed by Vanguard. It was launched on May 21, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIEIX or VMCIX.
Performance
VIEIX vs. VMCIX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VIEIX having a 19.06% return and VMCIX slightly lower at 19.05%. Both investments have delivered pretty close results over the past 10 years, with VIEIX having a 9.82% annualized return and VMCIX not far ahead at 9.99%.
VIEIX
19.06%
3.29%
12.17%
34.48%
11.16%
9.82%
VMCIX
19.05%
1.28%
10.83%
30.03%
11.31%
9.99%
Key characteristics
| VIEIX | VMCIX | |
|---|---|---|
| Sharpe Ratio | 2.00 | 2.50 |
| Sortino Ratio | 2.76 | 3.42 |
| Omega Ratio | 1.34 | 1.43 |
| Calmar Ratio | 1.43 | 1.99 |
| Martin Ratio | 11.26 | 15.01 |
| Ulcer Index | 3.19% | 2.05% |
| Daily Std Dev | 17.93% | 12.33% |
| Max Drawdown | -58.04% | -58.86% |
| Current Drawdown | -3.62% | -1.73% |
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VIEIX vs. VMCIX - Expense Ratio Comparison
VIEIX has a 0.05% expense ratio, which is higher than VMCIX's 0.04% 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%.
Correlation
The correlation between VIEIX and VMCIX is 0.96, 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.
Risk-Adjusted Performance
VIEIX vs. VMCIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Institutional Shares (VIEIX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX). 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.
Dividends
VIEIX vs. VMCIX - Dividend Comparison
VIEIX's dividend yield for the trailing twelve months is around 1.13%, less than VMCIX's 1.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIEIX Vanguard Extended Market Index Fund Institutional Shares | 1.13% | 1.28% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% | 1.34% | 1.15% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.47% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% | 1.29% | 1.18% |
Drawdowns
VIEIX vs. VMCIX - Drawdown Comparison
The maximum VIEIX drawdown since its inception was -58.04%, roughly equal to the maximum VMCIX drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for VIEIX and VMCIX. For additional features, visit the drawdowns tool.
Volatility
VIEIX vs. VMCIX - Volatility Comparison
Vanguard Extended Market Index Fund Institutional Shares (VIEIX) has a higher volatility of 6.32% compared to Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) at 3.95%. This indicates that VIEIX's price experiences larger fluctuations and is considered to be riskier than VMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.