VMCPX vs. GENIX

Last updated Jun 24, 2026

VMCPX (Vanguard Mid-Cap Index Fund Institutional Plus Shares) and GENIX (Gotham Enhanced Return Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, VMCPX returned 12.03%/yr vs 14.17%/yr for GENIX. Their correlation of 0.87 suggests significant overlap in exposure. VMCPX charges 0.03%/yr vs 1.50%/yr for GENIX.

Performance

VMCPX vs. GENIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Gotham Enhanced Return Fund (GENIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMCPX achieves a 11.33% return, which is significantly lower than GENIX's 12.47% return. Over the past 10 years, VMCPX has underperformed GENIX with an annualized return of 12.03%, while GENIX has yielded a comparatively higher 14.17% annualized return.

VMCPX

• 1D: 0.41%
• 1M: 3.04%
• YTD: 11.33%
• 6M: 10.02%
• 1Y: 18.76%
• 3Y*: 16.61%
• 5Y*: 8.07%
• 10Y*: 12.03%

GENIX

• 1D: 0.36%
• 1M: 1.04%
• YTD: 12.47%
• 6M: 11.64%
• 1Y: 26.07%
• 3Y*: 25.30%
• 5Y*: 17.83%
• 10Y*: 14.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VMCPX vs. GENIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares	11.33%	11.70%	14.68%	16.55%	-18.68%	24.54%	18.20%	31.06%	-9.23%	19.28%
GENIX Gotham Enhanced Return Fund	12.47%	21.16%	27.31%	25.26%	-12.02%	39.66%	-8.21%	21.54%	-5.97%	18.21%

Correlation

The correlation between VMCPX and GENIX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.87

The correlation between VMCPX and GENIX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

VMCPX vs. GENIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMCPX

VMCPX Risk / Return Rank: 38
VMCPX Sharpe Ratio Rank: 34
VMCPX Sortino Ratio Rank: 32
VMCPX Omega Ratio Rank: 30
VMCPX Calmar Ratio Rank: 45
VMCPX Martin Ratio Rank: 47

GENIX

GENIX Risk / Return Rank: 75
GENIX Sharpe Ratio Rank: 69
GENIX Sortino Ratio Rank: 65
GENIX Omega Ratio Rank: 59
GENIX Calmar Ratio Rank: 90
GENIX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VMCPX vs. GENIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Gotham Enhanced Return Fund (GENIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VMCPX	GENIX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.23	-0.67
Sortino ratio: Return per unit of downside risk	2.21	3.07	-0.86
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	2.45	4.31	-1.87
Martin ratio: Return relative to average drawdown	9.20	18.20	-9.00

VMCPX vs. GENIX - Sharpe Ratio Comparison

The current VMCPX Sharpe Ratio is 1.56, which is lower than the GENIX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of VMCPX and GENIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VMCPX vs. GENIX - Drawdown Comparison

The maximum VMCPX drawdown since its inception was -39.30%, roughly equal to the maximum GENIX drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for VMCPX and GENIX.

Drawdown Indicators

	VMCPX	GENIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.30%	-39.35%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.13%	-6.44%	-1.69%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-19.20%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-27.54%	-20.74%	-6.80%
Max Drawdown (10Y) Largest decline over 10 years	-39.30%	-39.35%	+0.05%
Current Drawdown Current decline from peak	-0.43%	-1.79%	+1.36%
Average Drawdown Average peak-to-trough decline	-5.20%	-5.63%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	1.52%	+0.64%

Volatility

VMCPX vs. GENIX - Volatility Comparison

The current volatility for Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) is 4.36%, while Gotham Enhanced Return Fund (GENIX) has a volatility of 4.70%. This indicates that VMCPX experiences smaller price fluctuations and is considered to be less risky than GENIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VMCPX	GENIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.70%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	9.70%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	12.49%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	17.24%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	18.57%	+0.38%

VMCPX vs. GENIX - Expense Ratio Comparison

VMCPX has a 0.03% expense ratio, which is lower than GENIX's 1.50% expense ratio.

Dividends

VMCPX vs. GENIX - Dividend Comparison

VMCPX's dividend yield for the trailing twelve months is around 1.35%, less than GENIX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GENIX Gotham Enhanced Return Fund	1.84%	2.07%	19.28%	9.82%	8.02%	19.31%	0.14%	32.49%	9.60%	0.97%	0.00%	1.85%
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares	1.35%	1.53%	1.50%	1.52%	1.61%	1.13%	1.45%	1.49%	1.84%	1.37%	1.47%	1.50%

Frequently Asked Questions

Can I hold both VMCPX and GENIX in my portfolio?

VMCPX and GENIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMCPX or GENIX?

GENIX has higher volatility (4.70%) compared to VMCPX (4.36%). In terms of maximum drawdown, VMCPX dropped -39.30% vs GENIX's -39.35%.

Which has better risk-adjusted returns?

GENIX currently has the higher Sharpe Ratio (2.23 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.