VMCIX vs. VFIFX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard Target Retirement 2050 Fund (VFIFX).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. VFIFX is managed by Vanguard. It was launched on Jun 7, 2006.
Performance
VMCIX vs. VFIFX - Performance Comparison
Loading graphics...
VMCIX vs. VFIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | -2.79% | 11.67% | 14.68% | 16.54% | -18.70% | 24.53% | 18.20% | 31.04% | -9.25% | 19.30% |
VFIFX Vanguard Target Retirement 2050 Fund | -3.95% | 21.42% | 14.45% | 20.39% | -17.48% | 16.42% | 16.40% | 24.99% | -7.89% | 19.15% |
Returns By Period
In the year-to-date period, VMCIX achieves a -2.79% return, which is significantly higher than VFIFX's -3.95% return. Both investments have delivered pretty close results over the past 10 years, with VMCIX having a 10.43% annualized return and VFIFX not far behind at 10.29%.
VMCIX
- 1D
- -0.66%
- 1M
- -7.87%
- YTD
- -2.79%
- 6M
- -3.58%
- 1Y
- 10.31%
- 3Y*
- 11.79%
- 5Y*
- 6.51%
- 10Y*
- 10.43%
VFIFX
- 1D
- -0.28%
- 1M
- -8.41%
- YTD
- -3.95%
- 6M
- -1.01%
- 1Y
- 17.29%
- 3Y*
- 14.65%
- 5Y*
- 8.11%
- 10Y*
- 10.29%
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. 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%.
Return for Risk
VMCIX vs. VFIFX — Risk / Return Rank
VMCIX
VFIFX
VMCIX vs. VFIFX - Risk-Adjusted Trends 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 | VFIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.17 | -0.54 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.70 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.48 | -0.75 |
Martin ratioReturn relative to average drawdown | 3.40 | 6.86 | -3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VMCIX | VFIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.17 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.58 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.69 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.47 | 0.00 |
Correlation
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.
Dividends
VMCIX vs. VFIFX - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.54%, less than VFIFX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.54% | 1.52% | 1.49% | 1.51% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% |
VFIFX Vanguard Target Retirement 2050 Fund | 2.18% | 2.09% | 2.26% | 2.21% | 2.38% | 12.83% | 1.84% | 2.20% | 2.51% | 0.03% | 2.04% | 2.36% |
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.
Loading graphics...
Drawdown Indicators
| VMCIX | VFIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.86% | -51.68% | -7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -10.52% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -27.54% | -25.40% | -2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -31.36% | -7.94% |
Current DrawdownCurrent decline from peak | -8.13% | -8.87% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -6.93% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.27% | +0.48% |
Volatility
VMCIX vs. VFIFX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) is 4.23%, while Vanguard Target Retirement 2050 Fund (VFIFX) has a volatility of 4.70%. This indicates that VMCIX experiences smaller price fluctuations and is considered to be less risky than VFIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VMCIX | VFIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.70% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 8.53% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 14.79% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 14.07% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.90% | 15.05% | +3.85% |