VMCIX vs. VLXVX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard Target Retirement 2065 Fund (VLXVX).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. VLXVX is managed by Vanguard. It was launched on Jul 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMCIX or VLXVX.
Key characteristics
| VMCIX | VLXVX | |
|---|---|---|
| YTD Return | 20.22% | 17.19% |
| 1Y Return | 37.52% | 29.59% |
| 3Y Return (Ann) | 3.81% | 5.01% |
| 5Y Return (Ann) | 11.78% | 10.40% |
| Sharpe Ratio | 2.88 | 2.62 |
| Sortino Ratio | 3.98 | 3.62 |
| Omega Ratio | 1.51 | 1.48 |
| Calmar Ratio | 1.89 | 2.66 |
| Martin Ratio | 17.87 | 17.07 |
| Ulcer Index | 2.04% | 1.69% |
| Daily Std Dev | 12.65% | 10.99% |
| Max Drawdown | -58.86% | -31.42% |
| Current Drawdown | 0.00% | -0.20% |
Correlation
The correlation between VMCIX and VLXVX 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. VLXVX - Performance Comparison
In the year-to-date period, VMCIX achieves a 20.22% return, which is significantly higher than VLXVX's 17.19% 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. VLXVX - Expense Ratio Comparison
VMCIX has a 0.04% expense ratio, which is lower than VLXVX'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%.
Risk-Adjusted Performance
VMCIX vs. VLXVX - 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 2065 Fund (VLXVX). 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. VLXVX - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.46%, less than VLXVX's 1.75% 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% |
VLXVX Vanguard Target Retirement 2065 Fund | 1.75% | 2.06% | 2.00% | 1.70% | 1.45% | 1.90% | 1.85% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VMCIX vs. VLXVX - Drawdown Comparison
The maximum VMCIX drawdown since its inception was -58.86%, which is greater than VLXVX's maximum drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for VMCIX and VLXVX. For additional features, visit the drawdowns tool.
Volatility
VMCIX vs. VLXVX - Volatility Comparison
Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) has a higher volatility of 3.86% compared to Vanguard Target Retirement 2065 Fund (VLXVX) at 2.91%. This indicates that VMCIX's price experiences larger fluctuations and is considered to be riskier than VLXVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.