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VMCIX vs. VFIFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VMCIXVFIFX
YTD Return20.22%17.21%
1Y Return37.52%29.56%
3Y Return (Ann)3.81%4.98%
5Y Return (Ann)11.78%10.42%
10Y Return (Ann)10.26%9.01%
Sharpe Ratio2.882.55
Sortino Ratio3.983.60
Omega Ratio1.511.48
Calmar Ratio1.892.64
Martin Ratio17.8716.84
Ulcer Index2.04%1.71%
Daily Std Dev12.65%11.30%
Max Drawdown-58.86%-51.68%
Current Drawdown0.00%-0.19%

Correlation

-0.50.00.51.00.9

The correlation between VMCIX and VFIFX is 0.94, 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. VFIFX - Performance Comparison

In the year-to-date period, VMCIX achieves a 20.22% return, which is significantly higher than VFIFX's 17.21% return. Over the past 10 years, VMCIX has outperformed VFIFX with an annualized return of 10.26%, while VFIFX has yielded a comparatively lower 9.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
13.32%
9.92%
VMCIX
VFIFX

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VMCIX vs. VFIFX - Expense Ratio Comparison

VMCIX has a 0.04% expense ratio, which is lower than VFIFX's 0.08% 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%.


VFIFX
Vanguard Target Retirement 2050 Fund
Expense ratio chart for VFIFX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%
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%

Risk-Adjusted Performance

VMCIX vs. VFIFX - 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 Target Retirement 2050 Fund (VFIFX). 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
Sharpe ratio
The chart of Sharpe ratio for VMCIX, currently valued at 2.88, compared to the broader market0.002.004.002.88
Sortino ratio
The chart of Sortino ratio for VMCIX, currently valued at 3.98, compared to the broader market0.005.0010.003.98
Omega ratio
The chart of Omega ratio for VMCIX, currently valued at 1.51, compared to the broader market1.002.003.004.001.51
Calmar ratio
The chart of Calmar ratio for VMCIX, currently valued at 1.89, compared to the broader market0.005.0010.0015.0020.0025.001.89
Martin ratio
The chart of Martin ratio for VMCIX, currently valued at 17.87, compared to the broader market0.0020.0040.0060.0080.00100.0017.87
VFIFX
Sharpe ratio
The chart of Sharpe ratio for VFIFX, currently valued at 2.55, compared to the broader market0.002.004.002.55
Sortino ratio
The chart of Sortino ratio for VFIFX, currently valued at 3.60, compared to the broader market0.005.0010.003.60
Omega ratio
The chart of Omega ratio for VFIFX, currently valued at 1.48, compared to the broader market1.002.003.004.001.48
Calmar ratio
The chart of Calmar ratio for VFIFX, currently valued at 2.64, compared to the broader market0.005.0010.0015.0020.0025.002.64
Martin ratio
The chart of Martin ratio for VFIFX, currently valued at 16.84, compared to the broader market0.0020.0040.0060.0080.00100.0016.84

VMCIX vs. VFIFX - Sharpe Ratio Comparison

The current VMCIX Sharpe Ratio is 2.88, which is comparable to the VFIFX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of VMCIX and VFIFX, 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 Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.88
2.55
VMCIX
VFIFX

Dividends

VMCIX vs. VFIFX - Dividend Comparison

VMCIX's dividend yield for the trailing twelve months is around 1.46%, less than VFIFX's 1.89% 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%
VFIFX
Vanguard Target Retirement 2050 Fund
1.89%2.21%2.13%2.19%1.63%2.20%2.43%1.89%1.93%2.05%2.01%1.84%

Drawdowns

VMCIX vs. VFIFX - Drawdown Comparison

The maximum VMCIX drawdown since its inception was -58.86%, which is greater than VFIFX's maximum drawdown of -51.68%. Use the drawdown chart below to compare losses from any high point for VMCIX and VFIFX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.19%
VMCIX
VFIFX

Volatility

VMCIX vs. VFIFX - Volatility Comparison

Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) has a higher volatility of 3.86% compared to Vanguard Target Retirement 2050 Fund (VFIFX) at 2.96%. This indicates that VMCIX's price experiences larger fluctuations and is considered to be riskier than VFIFX 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
3.86%
2.96%
VMCIX
VFIFX