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.
Performance
VMCIX vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, VMCIX achieves a 19.79% return, which is significantly lower than VOO's 25.52% return. Over the past 10 years, VMCIX has underperformed VOO with an annualized return of 10.05%, while VOO has yielded a comparatively higher 13.15% annualized return.
VMCIX
19.79%
2.66%
11.90%
30.52%
11.50%
10.05%
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| VMCIX | VOO | |
|---|---|---|
| Sharpe Ratio | 2.46 | 2.62 |
| Sortino Ratio | 3.38 | 3.50 |
| Omega Ratio | 1.43 | 1.49 |
| Calmar Ratio | 1.99 | 3.78 |
| Martin Ratio | 14.74 | 17.12 |
| Ulcer Index | 2.05% | 1.86% |
| Daily Std Dev | 12.30% | 12.19% |
| Max Drawdown | -58.86% | -33.99% |
| Current Drawdown | -1.12% | -1.36% |
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. 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%.
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.
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 1.46%, more than VOO's 1.25% 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% |
VOO Vanguard S&P 500 ETF | 1.25% | 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
The current volatility for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) is 3.80%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.10%. This indicates that VMCIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.