VMAX vs. MGV
Compare and contrast key facts about Hartford US Value ETF (VMAX) and Vanguard Mega Cap Value ETF (MGV).
VMAX and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VMAX is an actively managed fund by Hartford. It was launched on Dec 5, 2023. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007.
Performance
VMAX vs. MGV - Performance Comparison
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VMAX vs. MGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VMAX Hartford US Value ETF | 4.27% | 15.65% | 15.89% | 6.98% |
MGV Vanguard Mega Cap Value ETF | 3.51% | 15.45% | 16.94% | 4.98% |
Returns By Period
In the year-to-date period, VMAX achieves a 4.27% return, which is significantly higher than MGV's 3.51% return.
VMAX
- 1D
- 0.46%
- 1M
- -1.83%
- YTD
- 4.27%
- 6M
- 7.25%
- 1Y
- 19.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MGV
- 1D
- 0.25%
- 1M
- -4.32%
- YTD
- 3.51%
- 6M
- 6.42%
- 1Y
- 15.59%
- 3Y*
- 15.57%
- 5Y*
- 11.38%
- 10Y*
- 12.08%
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VMAX vs. MGV - Expense Ratio Comparison
VMAX has a 0.29% expense ratio, which is higher than MGV's 0.07% expense ratio.
Return for Risk
VMAX vs. MGV — Risk / Return Rank
VMAX
MGV
VMAX vs. MGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford US Value ETF (VMAX) and Vanguard Mega Cap Value ETF (MGV). 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.
| VMAX | MGV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.07 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.53 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.40 | +0.11 |
Martin ratioReturn relative to average drawdown | 7.27 | 6.06 | +1.22 |
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
| VMAX | MGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.07 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.45 | +0.75 |
Correlation
The correlation between VMAX and MGV is 0.89, 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
VMAX vs. MGV - Dividend Comparison
VMAX's dividend yield for the trailing twelve months is around 2.05%, which matches MGV's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMAX Hartford US Value ETF | 2.05% | 2.14% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGV Vanguard Mega Cap Value ETF | 2.06% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
Drawdowns
VMAX vs. MGV - Drawdown Comparison
The maximum VMAX drawdown since its inception was -19.05%, smaller than the maximum MGV drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for VMAX and MGV.
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Drawdown Indicators
| VMAX | MGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -55.87% | +36.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -10.91% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.41% | — |
Current DrawdownCurrent decline from peak | -1.91% | -4.66% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -7.76% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.52% | +0.24% |
Volatility
VMAX vs. MGV - Volatility Comparison
Hartford US Value ETF (VMAX) has a higher volatility of 3.97% compared to Vanguard Mega Cap Value ETF (MGV) at 3.55%. This indicates that VMAX's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMAX | MGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 3.55% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 7.47% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.40% | 14.59% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 13.56% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 16.33% | -0.53% |