VIMAX vs. VOE
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) and Vanguard Mid-Cap Value ETF (VOE).
VIMAX is managed by Vanguard. It was launched on Nov 12, 2001. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006.
Performance
VIMAX vs. VOE - Performance Comparison
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VIMAX vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | -0.63% | 11.67% | 14.66% | 16.53% | -18.70% | 24.51% | 18.18% | 31.03% | -9.24% | 19.26% |
VOE Vanguard Mid-Cap Value ETF | 4.67% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Returns By Period
In the year-to-date period, VIMAX achieves a -0.63% return, which is significantly lower than VOE's 4.67% return. Both investments have delivered pretty close results over the past 10 years, with VIMAX having a 10.66% annualized return and VOE not far behind at 10.23%.
VIMAX
- 1D
- 2.22%
- 1M
- -5.79%
- YTD
- -0.63%
- 6M
- -1.36%
- 1Y
- 12.39%
- 3Y*
- 12.60%
- 5Y*
- 6.65%
- 10Y*
- 10.66%
VOE
- 1D
- 0.20%
- 1M
- -4.46%
- YTD
- 4.67%
- 6M
- 7.17%
- 1Y
- 17.39%
- 3Y*
- 13.81%
- 5Y*
- 8.66%
- 10Y*
- 10.23%
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VIMAX vs. VOE - Expense Ratio Comparison
VIMAX has a 0.05% expense ratio, which is lower than VOE's 0.07% 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%.
Return for Risk
VIMAX vs. VOE — Risk / Return Rank
VIMAX
VOE
VIMAX vs. VOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) and Vanguard Mid-Cap Value ETF (VOE). 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.
| VIMAX | VOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.06 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.12 | 1.55 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.41 | -0.35 |
Martin ratioReturn relative to average drawdown | 4.86 | 6.51 | -1.65 |
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
| VIMAX | VOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.06 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.54 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.54 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.43 | +0.05 |
Correlation
The correlation between VIMAX and VOE is 0.95, 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
VIMAX vs. VOE - Dividend Comparison
VIMAX's dividend yield for the trailing twelve months is around 1.50%, less than VOE's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.50% | 1.51% | 1.48% | 1.50% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% |
VOE Vanguard Mid-Cap Value ETF | 1.99% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Drawdowns
VIMAX vs. VOE - Drawdown Comparison
The maximum VIMAX drawdown since its inception was -58.88%, roughly equal to the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for VIMAX and VOE.
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Drawdown Indicators
| VIMAX | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.88% | -61.50% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -12.42% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.55% | -19.70% | -7.85% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -43.18% | +3.88% |
Current DrawdownCurrent decline from peak | -6.09% | -4.54% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -8.41% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.68% | +0.09% |
Volatility
VIMAX vs. VOE - Volatility Comparison
Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) has a higher volatility of 4.95% compared to Vanguard Mid-Cap Value ETF (VOE) at 4.01%. This indicates that VIMAX's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIMAX | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.01% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 8.77% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 16.46% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 16.11% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 18.84% | +0.07% |