VMCIX vs. VIIIX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMCIX or VIIIX.
Correlation
The correlation between VMCIX and VIIIX is 0.91, 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. VIIIX - Performance Comparison
Key characteristics
VMCIX:
1.90
VIIIX:
2.04
VMCIX:
2.58
VIIIX:
2.70
VMCIX:
1.33
VIIIX:
1.38
VMCIX:
2.64
VIIIX:
3.14
VMCIX:
9.13
VIIIX:
12.53
VMCIX:
2.63%
VIIIX:
2.12%
VMCIX:
12.63%
VIIIX:
13.00%
VMCIX:
-58.86%
VIIIX:
-55.18%
VMCIX:
-2.07%
VIIIX:
-1.58%
Returns By Period
In the year-to-date period, VMCIX achieves a 5.11% return, which is significantly higher than VIIIX's 2.91% return. Over the past 10 years, VMCIX has underperformed VIIIX with an annualized return of 10.14%, while VIIIX has yielded a comparatively higher 12.20% annualized return.
VMCIX
5.11%
3.94%
11.94%
22.16%
10.29%
10.14%
VIIIX
2.91%
1.01%
8.44%
24.73%
12.33%
12.20%
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VMCIX vs. VIIIX - Expense Ratio Comparison
VMCIX has a 0.04% expense ratio, which is higher than VIIIX's 0.02% expense ratio. However, 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. VIIIX — Risk-Adjusted Performance Rank
VMCIX
VIIIX
VMCIX vs. VIIIX - 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 Institutional Index Fund Institutional Plus Shares (VIIIX). 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. VIIIX - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.42%, more than VIIIX's 1.24% 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% | 2.57% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.24% | 1.28% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 2.46% |
Drawdowns
VMCIX vs. VIIIX - Drawdown Comparison
The maximum VMCIX drawdown since its inception was -58.86%, which is greater than VIIIX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VMCIX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VMCIX vs. VIIIX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) is 5.19%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 5.47%. This indicates that VMCIX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.