VMCPX vs. QQQ
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Invesco QQQ (QQQ).
VMCPX is managed by Vanguard. It was launched on Dec 15, 2010. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMCPX or QQQ.
Correlation
The correlation between VMCPX and QQQ 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
VMCPX vs. QQQ - Performance Comparison
Key characteristics
VMCPX:
0.50
QQQ:
0.49
VMCPX:
0.81
QQQ:
0.85
VMCPX:
1.11
QQQ:
1.12
VMCPX:
0.48
QQQ:
0.54
VMCPX:
1.85
QQQ:
1.86
VMCPX:
4.87%
QQQ:
6.59%
VMCPX:
18.22%
QQQ:
25.26%
VMCPX:
-39.30%
QQQ:
-82.98%
VMCPX:
-9.92%
QQQ:
-13.25%
Returns By Period
In the year-to-date period, VMCPX achieves a -3.31% return, which is significantly higher than QQQ's -8.45% return. Over the past 10 years, VMCPX has underperformed QQQ with an annualized return of 8.68%, while QQQ has yielded a comparatively higher 16.49% annualized return.
VMCPX
-3.31%
-3.63%
-3.73%
7.75%
13.54%
8.68%
QQQ
-8.45%
-5.29%
-4.78%
10.24%
17.72%
16.49%
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VMCPX vs. QQQ - Expense Ratio Comparison
VMCPX has a 0.03% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, 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
VMCPX vs. QQQ — Risk-Adjusted Performance Rank
VMCPX
QQQ
VMCPX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and Invesco QQQ (QQQ). 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
VMCPX vs. QQQ - Dividend Comparison
VMCPX's dividend yield for the trailing twelve months is around 1.64%, more than QQQ's 0.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares | 1.64% | 1.50% | 1.53% | 1.61% | 1.13% | 1.46% | 1.49% | 1.84% | 1.37% | 1.47% | 1.50% | 1.31% |
QQQ Invesco QQQ | 0.64% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
VMCPX vs. QQQ - Drawdown Comparison
The maximum VMCPX drawdown since its inception was -39.30%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VMCPX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VMCPX vs. QQQ - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) is 13.15%, while Invesco QQQ (QQQ) has a volatility of 16.89%. This indicates that VMCPX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.