VMCIX vs. VOO
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard S&P 500 ETF (VOO).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMCIX or VOO.
Correlation
The correlation between VMCIX and VOO 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. VOO - Performance Comparison
Key characteristics
VMCIX:
1.52
VOO:
2.25
VMCIX:
2.11
VOO:
2.98
VMCIX:
1.27
VOO:
1.42
VMCIX:
1.87
VOO:
3.31
VMCIX:
8.62
VOO:
14.77
VMCIX:
2.22%
VOO:
1.90%
VMCIX:
12.54%
VOO:
12.46%
VMCIX:
-58.86%
VOO:
-33.99%
VMCIX:
-5.78%
VOO:
-2.47%
Returns By Period
In the year-to-date period, VMCIX achieves a 16.53% return, which is significantly lower than VOO's 26.02% return. Over the past 10 years, VMCIX has underperformed VOO with an annualized return of 9.60%, while VOO has yielded a comparatively higher 13.08% annualized return.
VMCIX
16.53%
-3.99%
10.65%
17.09%
10.19%
9.60%
VOO
26.02%
-0.11%
9.35%
26.45%
14.79%
13.08%
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VMCIX vs. VOO - Expense Ratio Comparison
VMCIX has a 0.04% expense ratio, which is higher than VOO's 0.03% 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. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.06%, more than VOO's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.06% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% | 1.29% | 1.18% |
VOO Vanguard S&P 500 ETF | 0.91% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VMCIX vs. VOO - Drawdown Comparison
The maximum VMCIX drawdown since its inception was -58.86%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VMCIX and VOO. For additional features, visit the drawdowns tool.
Volatility
VMCIX vs. VOO - Volatility Comparison
Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) has a higher volatility of 4.69% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that VMCIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.