VMAX vs. VVIAX
Compare and contrast key facts about Hartford US Value ETF (VMAX) and Vanguard Value Index Fund Admiral Shares (VVIAX).
VMAX is an actively managed fund by Hartford. It was launched on Dec 5, 2023. VVIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMAX or VVIAX.
Key characteristics
| VMAX | VVIAX | |
|---|---|---|
| YTD Return | 16.04% | 16.78% |
| 1Y Return | 164.60% | 23.44% |
| 3Y Return (Ann) | 247.20% | 10.46% |
| 5Y Return (Ann) | 247.20% | 11.81% |
| Sharpe Ratio | 1.12 | 2.18 |
| Daily Std Dev | 128.48% | 10.62% |
| Max Drawdown | -95.29% | -59.32% |
| Current Drawdown | -79.03% | -0.31% |
Correlation
The correlation between VMAX and VVIAX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VMAX vs. VVIAX - Performance Comparison
The year-to-date returns for both investments are quite close, with VMAX having a 16.04% return and VVIAX slightly higher at 16.78%. 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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VMAX vs. VVIAX - Expense Ratio Comparison
VMAX has a 0.29% expense ratio, which is higher than VVIAX's 0.05% expense ratio.
Risk-Adjusted Performance
VMAX vs. VVIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford US Value ETF (VMAX) and Vanguard Value Index Fund Admiral Shares (VVIAX). 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
VMAX vs. VVIAX - Dividend Comparison
VMAX's dividend yield for the trailing twelve months is around 0.88%, less than VVIAX's 2.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMAX Hartford US Value ETF | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VVIAX Vanguard Value Index Fund Admiral Shares | 1.76% | 2.45% | 2.51% | 2.14% | 2.55% | 2.49% | 2.72% | 2.29% | 2.45% | 2.60% | 2.22% | 2.21% |
Drawdowns
VMAX vs. VVIAX - Drawdown Comparison
The maximum VMAX drawdown since its inception was -95.29%, which is greater than VVIAX's maximum drawdown of -59.32%. Use the drawdown chart below to compare losses from any high point for VMAX and VVIAX. For additional features, visit the drawdowns tool.
Volatility
VMAX vs. VVIAX - Volatility Comparison
Hartford US Value ETF (VMAX) has a higher volatility of 3.83% compared to Vanguard Value Index Fund Admiral Shares (VVIAX) at 2.99%. This indicates that VMAX's price experiences larger fluctuations and is considered to be riskier than VVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.