PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
VMCIX vs. VFIAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VMCIX vs. VFIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
11.90%
12.20%
VMCIX
VFIAX

Returns By Period

In the year-to-date period, VMCIX achieves a 19.79% return, which is significantly lower than VFIAX's 25.52% return. Over the past 10 years, VMCIX has underperformed VFIAX with an annualized return of 10.05%, while VFIAX has yielded a comparatively higher 13.13% annualized return.


VMCIX

YTD

19.79%

1M

2.66%

6M

11.90%

1Y

30.52%

5Y (annualized)

11.50%

10Y (annualized)

10.05%

VFIAX

YTD

25.52%

1M

1.18%

6M

12.20%

1Y

32.15%

5Y (annualized)

15.54%

10Y (annualized)

13.13%

Key characteristics


VMCIXVFIAX
Sharpe Ratio2.462.61
Sortino Ratio3.383.49
Omega Ratio1.431.48
Calmar Ratio1.993.77
Martin Ratio14.7416.97
Ulcer Index2.05%1.88%
Daily Std Dev12.30%12.24%
Max Drawdown-58.86%-55.20%
Current Drawdown-1.12%-1.35%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VMCIX vs. VFIAX - Expense Ratio Comparison

Both VMCIX and VFIAX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


VMCIX
Vanguard Mid-Cap Index Fund Institutional Shares
Expense ratio chart for VMCIX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%
Expense ratio chart for VFIAX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.00.9

The correlation between VMCIX and VFIAX is 0.93, 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.

Risk-Adjusted Performance

VMCIX vs. VFIAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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.


Sharpe ratio
The chart of Sharpe ratio for VMCIX, currently valued at 2.46, compared to the broader market-1.000.001.002.003.004.005.002.462.61
The chart of Sortino ratio for VMCIX, currently valued at 3.38, compared to the broader market0.005.0010.003.383.49
The chart of Omega ratio for VMCIX, currently valued at 1.43, compared to the broader market1.002.003.004.001.431.48
The chart of Calmar ratio for VMCIX, currently valued at 1.99, compared to the broader market0.005.0010.0015.0020.0025.001.993.77
The chart of Martin ratio for VMCIX, currently valued at 14.74, compared to the broader market0.0020.0040.0060.0080.00100.0014.7416.97
VMCIX
VFIAX

The current VMCIX Sharpe Ratio is 2.46, which is comparable to the VFIAX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of VMCIX and VFIAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.46
2.61
VMCIX
VFIAX

Dividends

VMCIX vs. VFIAX - Dividend Comparison

VMCIX's dividend yield for the trailing twelve months is around 1.46%, more than VFIAX's 1.24% yield.


TTM20232022202120202019201820172016201520142013
VMCIX
Vanguard Mid-Cap Index Fund Institutional Shares
1.46%1.52%1.60%1.12%1.45%1.48%1.83%1.36%1.46%1.48%1.29%1.18%
VFIAX
Vanguard 500 Index Fund Admiral Shares
1.24%1.45%1.68%1.24%1.53%1.87%2.05%1.78%2.02%2.10%1.85%1.84%

Drawdowns

VMCIX vs. VFIAX - Drawdown Comparison

The maximum VMCIX drawdown since its inception was -58.86%, which is greater than VFIAX's maximum drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for VMCIX and VFIAX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.12%
-1.35%
VMCIX
VFIAX

Volatility

VMCIX vs. VFIAX - Volatility Comparison

The current volatility for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) is 3.80%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 4.06%. This indicates that VMCIX experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.80%
4.06%
VMCIX
VFIAX