VMCIX vs. VSCIX
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) and Vanguard Small-Cap Index Fund Institutional Shares (VSCIX).
VMCIX is managed by Vanguard. It was launched on May 21, 1998. VSCIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMCIX or VSCIX.
Key characteristics
| VMCIX | VSCIX | |
|---|---|---|
| YTD Return | 20.36% | 19.87% |
| 1Y Return | 36.22% | 40.29% |
| 3Y Return (Ann) | 3.89% | 3.76% |
| 5Y Return (Ann) | 11.75% | 11.29% |
| 10Y Return (Ann) | 10.28% | 9.85% |
| Sharpe Ratio | 2.86 | 2.28 |
| Sortino Ratio | 3.96 | 3.18 |
| Omega Ratio | 1.50 | 1.39 |
| Calmar Ratio | 1.96 | 1.91 |
| Martin Ratio | 17.71 | 13.02 |
| Ulcer Index | 2.04% | 3.08% |
| Daily Std Dev | 12.61% | 17.61% |
| Max Drawdown | -58.86% | -59.66% |
| Current Drawdown | -0.64% | -1.18% |
Correlation
The correlation between VMCIX and VSCIX is 0.95, 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. VSCIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VMCIX having a 20.36% return and VSCIX slightly lower at 19.87%. Both investments have delivered pretty close results over the past 10 years, with VMCIX having a 10.28% annualized return and VSCIX not far behind at 9.85%. 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. VSCIX - Expense Ratio Comparison
Both VMCIX and VSCIX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VMCIX vs. VSCIX - 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 Small-Cap Index Fund Institutional Shares (VSCIX). 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. VSCIX - Dividend Comparison
VMCIX's dividend yield for the trailing twelve months is around 1.46%, more than VSCIX's 1.31% 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% |
VSCIX Vanguard Small-Cap Index Fund Institutional Shares | 1.31% | 1.56% | 1.55% | 1.25% | 1.15% | 1.40% | 1.68% | 1.36% | 1.50% | 1.49% | 1.44% | 1.31% |
Drawdowns
VMCIX vs. VSCIX - Drawdown Comparison
The maximum VMCIX drawdown since its inception was -58.86%, roughly equal to the maximum VSCIX drawdown of -59.66%. Use the drawdown chart below to compare losses from any high point for VMCIX and VSCIX. For additional features, visit the drawdowns tool.
Volatility
VMCIX vs. VSCIX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) is 3.81%, while Vanguard Small-Cap Index Fund Institutional Shares (VSCIX) has a volatility of 5.47%. This indicates that VMCIX experiences smaller price fluctuations and is considered to be less risky than VSCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.