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 0.90, 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
Key characteristics
VMCIX:
1.55
SPY:
1.87
VMCIX:
2.17
SPY:
2.52
VMCIX:
1.27
SPY:
1.35
VMCIX:
2.62
SPY:
2.81
VMCIX:
6.99
SPY:
11.69
VMCIX:
2.72%
SPY:
2.02%
VMCIX:
12.26%
SPY:
12.65%
VMCIX:
-58.86%
SPY:
-55.19%
VMCIX:
-2.03%
SPY:
0.00%
Returns By Period
In the year-to-date period, VMCIX achieves a 5.15% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, VMCIX has underperformed SPY with an annualized return of 9.67%, while SPY has yielded a comparatively higher 13.23% annualized return.
VMCIX
5.15%
1.38%
10.00%
20.16%
10.26%
9.67%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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.
Dividends
VMCIX vs. SPY - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.42%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.42% | 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 | 1.15% | 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.
Volatility
VMCIX vs. SPY - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) is 2.74%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. 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.