VITAX vs. VGT
Compare and contrast key facts about Vanguard Information Technology Index Fund Admiral Shares (VITAX) and Vanguard Information Technology ETF (VGT).
VITAX is a passively managed fund by Vanguard that tracks the performance of the MSCI US IMI Info Technology 25/50. It was launched on Mar 25, 2004. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both VITAX and VGT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VITAX or VGT.
Key characteristics
| VITAX | VGT | |
|---|---|---|
| YTD Return | 1.25% | 1.35% |
| 1Y Return | 29.52% | 29.63% |
| 3Y Return (Ann) | 9.96% | 9.97% |
| 5Y Return (Ann) | 19.12% | 19.16% |
| 10Y Return (Ann) | 19.71% | 19.73% |
| Sharpe Ratio | 1.52 | 1.54 |
| Daily Std Dev | 18.48% | 18.28% |
| Max Drawdown | -54.81% | -54.63% |
| Current Drawdown | -7.57% | -7.47% |
Correlation
The correlation between VITAX and VGT is 0.98, 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.
Performance
VITAX vs. VGT - Performance Comparison
In the year-to-date period, VITAX achieves a 1.25% return, which is significantly lower than VGT's 1.35% return. Both investments have delivered pretty close results over the past 10 years, with VITAX having a 19.71% annualized return and VGT not far ahead at 19.73%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VITAX vs. VGT - Expense Ratio Comparison
Both VITAX and VGT have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VITAX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Information Technology Index Fund Admiral Shares (VITAX) and Vanguard Information Technology ETF (VGT). 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
VITAX vs. VGT - Dividend Comparison
VITAX's dividend yield for the trailing twelve months is around 0.74%, which matches VGT's 0.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.74% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.04% |
VGT Vanguard Information Technology ETF | 0.74% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
VITAX vs. VGT - Drawdown Comparison
The maximum VITAX drawdown since its inception was -54.81%, roughly equal to the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for VITAX and VGT. For additional features, visit the drawdowns tool.
Volatility
VITAX vs. VGT - Volatility Comparison
Vanguard Information Technology Index Fund Admiral Shares (VITAX) and Vanguard Information Technology ETF (VGT) have volatilities of 6.53% and 6.32%, 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.