VMCIX vs. VFIAX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. VFIAX 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: VMCIX or VFIAX.
Key characteristics
| VMCIX | VFIAX | |
|---|---|---|
| YTD Return | 20.36% | 26.88% |
| 1Y Return | 36.22% | 37.53% |
| 3Y Return (Ann) | 3.89% | 10.20% |
| 5Y Return (Ann) | 11.75% | 15.91% |
| 10Y Return (Ann) | 10.28% | 13.39% |
| Sharpe Ratio | 2.86 | 3.05 |
| Sortino Ratio | 3.96 | 4.05 |
| Omega Ratio | 1.50 | 1.57 |
| Calmar Ratio | 1.96 | 4.43 |
| Martin Ratio | 17.71 | 20.05 |
| Ulcer Index | 2.04% | 1.87% |
| Daily Std Dev | 12.61% | 12.28% |
| Max Drawdown | -58.86% | -55.20% |
| Current Drawdown | -0.64% | -0.28% |
Correlation
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.
Performance
VMCIX vs. VFIAX - Performance Comparison
In the year-to-date period, VMCIX achieves a 20.36% return, which is significantly lower than VFIAX's 26.88% return. Over the past 10 years, VMCIX has underperformed VFIAX with an annualized return of 10.28%, while VFIAX has yielded a comparatively higher 13.39% annualized return. 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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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%.
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.
Dividends
VMCIX vs. VFIAX - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.46%, more than VFIAX's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.22% | 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.
Volatility
VMCIX vs. VFIAX - Volatility Comparison
Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard 500 Index Fund Admiral Shares (VFIAX) have volatilities of 3.81% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.