VMCIX vs. SPY
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and SPDR S&P 500 ETF (SPY).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMCIX or SPY.
Correlation
The correlation between VMCIX and SPY is 0.91, 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
VMCIX vs. SPY - Performance Comparison
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Key characteristics
VMCIX:
0.67
SPY:
0.69
VMCIX:
1.11
SPY:
1.17
VMCIX:
1.16
SPY:
1.18
VMCIX:
0.69
SPY:
0.80
VMCIX:
2.51
SPY:
3.08
VMCIX:
5.21%
SPY:
4.88%
VMCIX:
18.39%
SPY:
20.26%
VMCIX:
-58.86%
SPY:
-55.19%
VMCIX:
-2.79%
SPY:
-2.76%
Returns By Period
In the year-to-date period, VMCIX achieves a 4.34% return, which is significantly higher than SPY's 1.69% return. Over the past 10 years, VMCIX has underperformed SPY with an annualized return of 9.39%, while SPY has yielded a comparatively higher 12.77% annualized return.
VMCIX
4.34%
12.51%
1.52%
12.23%
14.97%
9.39%
SPY
1.69%
13.04%
2.09%
13.82%
17.47%
12.77%
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VMCIX vs. SPY - Expense Ratio Comparison
VMCIX has a 0.04% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VMCIX vs. SPY — Risk-Adjusted Performance Rank
VMCIX
SPY
VMCIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
VMCIX vs. SPY - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.51%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.51% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% | 1.29% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VMCIX vs. SPY - Drawdown Comparison
The maximum VMCIX drawdown since its inception was -58.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMCIX and SPY. For additional features, visit the drawdowns tool.
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Volatility
VMCIX vs. SPY - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) is 5.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.51%. This indicates that VMCIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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