VLISX vs. VMCIX
Compare and contrast key facts about Vanguard Large-Cap Index Fund Institutional Shares (VLISX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX).
VLISX is managed by Vanguard. It was launched on Jun 30, 2005. 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: VLISX or VMCIX.
Key characteristics
| VLISX | VMCIX | |
|---|---|---|
| YTD Return | 27.02% | 20.36% |
| 1Y Return | 37.96% | 36.22% |
| 3Y Return (Ann) | 9.53% | 3.89% |
| 5Y Return (Ann) | 15.92% | 11.75% |
| 10Y Return (Ann) | 13.35% | 10.28% |
| Sharpe Ratio | 3.13 | 2.86 |
| Sortino Ratio | 4.23 | 3.96 |
| Omega Ratio | 1.59 | 1.50 |
| Calmar Ratio | 4.55 | 1.96 |
| Martin Ratio | 20.58 | 17.71 |
| Ulcer Index | 1.84% | 2.04% |
| Daily Std Dev | 12.12% | 12.61% |
| Max Drawdown | -54.75% | -58.86% |
| Current Drawdown | -0.26% | -0.64% |
Correlation
The correlation between VLISX and VMCIX is 0.94, 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
VLISX vs. VMCIX - Performance Comparison
In the year-to-date period, VLISX achieves a 27.02% return, which is significantly higher than VMCIX's 20.36% return. Over the past 10 years, VLISX has outperformed VMCIX with an annualized return of 13.35%, while VMCIX has yielded a comparatively lower 10.28% annualized return. 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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VLISX vs. VMCIX - Expense Ratio Comparison
Both VLISX and VMCIX have an expense ratio of 0.04%, 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
VLISX vs. VMCIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap Index Fund Institutional Shares (VLISX) 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
VLISX vs. VMCIX - Dividend Comparison
VLISX's dividend yield for the trailing twelve months is around 1.24%, less than VMCIX's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLISX Vanguard Large-Cap Index Fund Institutional Shares | 1.24% | 1.41% | 1.67% | 1.19% | 1.46% | 1.81% | 2.09% | 1.76% | 1.99% | 1.97% | 1.78% | 1.76% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.46% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% | 1.29% | 1.18% |
Drawdowns
VLISX vs. VMCIX - Drawdown Comparison
The maximum VLISX drawdown since its inception was -54.75%, smaller than the maximum VMCIX drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for VLISX and VMCIX. For additional features, visit the drawdowns tool.
Volatility
VLISX vs. VMCIX - Volatility Comparison
Vanguard Large-Cap Index Fund Institutional Shares (VLISX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) have volatilities of 3.89% and 3.81%, 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.