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:
1.38
VOO:
1.76
VMCIX:
1.93
VOO:
2.37
VMCIX:
1.24
VOO:
1.32
VMCIX:
2.36
VOO:
2.66
VMCIX:
6.25
VOO:
11.10
VMCIX:
2.74%
VOO:
2.02%
VMCIX:
12.43%
VOO:
12.79%
VMCIX:
-58.86%
VOO:
-33.99%
VMCIX:
-4.52%
VOO:
-2.11%
Returns By Period
The year-to-date returns for both stocks are quite close, with VMCIX having a 2.48% return and VOO slightly lower at 2.40%. Over the past 10 years, VMCIX has underperformed VOO with an annualized return of 9.38%, while VOO has yielded a comparatively higher 13.03% annualized return.
VMCIX
2.48%
-2.22%
6.21%
15.54%
9.68%
9.38%
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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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 1.46%, more than VOO's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.46% | 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 | 1.22% | 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 3.12%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.38%. 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.