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:
0.63
VOO:
0.75
VMCIX:
0.99
VOO:
1.15
VMCIX:
1.14
VOO:
1.17
VMCIX:
0.60
VOO:
0.77
VMCIX:
2.25
VOO:
3.04
VMCIX:
5.06%
VOO:
4.72%
VMCIX:
18.21%
VOO:
19.15%
VMCIX:
-58.86%
VOO:
-33.99%
VMCIX:
-7.49%
VOO:
-7.30%
Returns By Period
In the year-to-date period, VMCIX achieves a -0.71% return, which is significantly higher than VOO's -3.02% return. Over the past 10 years, VMCIX has underperformed VOO with an annualized return of 9.07%, while VOO has yielded a comparatively higher 12.53% annualized return.
VMCIX
-0.71%
-0.46%
0.20%
10.63%
14.08%
9.07%
VOO
-3.02%
0.35%
-0.14%
13.67%
16.73%
12.53%
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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 Rank
VMCIX
VOO
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 1.58%, more than VOO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.58% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% | 1.29% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
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 13.12%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.90%. 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.