VMCIX vs. LLSCX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Longleaf Partners Small-Cap Fund (LLSCX).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. LLSCX is managed by Longleaf Partners. It was launched on Feb 21, 1989.
Performance
VMCIX vs. LLSCX - Performance Comparison
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VMCIX vs. LLSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | -0.62% | 11.67% | 14.68% | 16.54% | -18.70% | 24.53% | 18.20% | 31.04% | -9.25% | 19.30% |
LLSCX Longleaf Partners Small-Cap Fund | -3.68% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
Returns By Period
In the year-to-date period, VMCIX achieves a -0.62% return, which is significantly higher than LLSCX's -3.68% return. Over the past 10 years, VMCIX has outperformed LLSCX with an annualized return of 10.67%, while LLSCX has yielded a comparatively lower 6.69% annualized return.
VMCIX
- 1D
- 2.22%
- 1M
- -5.79%
- YTD
- -0.62%
- 6M
- -1.35%
- 1Y
- 12.40%
- 3Y*
- 12.61%
- 5Y*
- 6.67%
- 10Y*
- 10.67%
LLSCX
- 1D
- 0.61%
- 1M
- -3.81%
- YTD
- -3.68%
- 6M
- -2.59%
- 1Y
- 2.07%
- 3Y*
- 9.42%
- 5Y*
- 1.87%
- 10Y*
- 6.69%
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VMCIX vs. LLSCX - Expense Ratio Comparison
VMCIX has a 0.04% expense ratio, which is lower than LLSCX's 0.95% expense ratio.
Return for Risk
VMCIX vs. LLSCX — Risk / Return Rank
VMCIX
LLSCX
VMCIX vs. LLSCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Longleaf Partners Small-Cap Fund (LLSCX). 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.
| VMCIX | LLSCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.15 | +0.57 |
Sortino ratioReturn per unit of downside risk | 1.12 | 0.32 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.04 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.10 | +0.95 |
Martin ratioReturn relative to average drawdown | 4.87 | 0.30 | +4.57 |
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
| VMCIX | LLSCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.15 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.11 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.27 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.51 | -0.04 |
Correlation
The correlation between VMCIX and LLSCX is 0.80, 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
VMCIX vs. LLSCX - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.51%, more than LLSCX's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.51% | 1.52% | 1.49% | 1.51% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% |
LLSCX Longleaf Partners Small-Cap Fund | 1.22% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
Drawdowns
VMCIX vs. LLSCX - Drawdown Comparison
The maximum VMCIX drawdown since its inception was -58.86%, smaller than the maximum LLSCX drawdown of -63.97%. Use the drawdown chart below to compare losses from any high point for VMCIX and LLSCX.
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Drawdown Indicators
| VMCIX | LLSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.86% | -63.97% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -10.47% | -2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.54% | -28.37% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -42.23% | +2.93% |
Current DrawdownCurrent decline from peak | -6.09% | -7.92% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -8.90% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.68% | -0.91% |
Volatility
VMCIX vs. LLSCX - Volatility Comparison
Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) has a higher volatility of 4.96% compared to Longleaf Partners Small-Cap Fund (LLSCX) at 3.90%. This indicates that VMCIX's price experiences larger fluctuations and is considered to be riskier than LLSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMCIX | LLSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 3.90% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 9.23% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 15.42% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 17.00% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 24.58% | -5.67% |