VMCPX vs. SPY
Compare and contrast key facts about Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) and SPDR S&P 500 ETF (SPY).
VMCPX is managed by Vanguard. It was launched on Dec 15, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMCPX or SPY.
Correlation
The correlation between VMCPX and SPY 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. SPY - Performance Comparison
Key characteristics
VMCPX:
1.54
SPY:
1.88
VMCPX:
2.15
SPY:
2.53
VMCPX:
1.27
SPY:
1.35
VMCPX:
2.60
SPY:
2.83
VMCPX:
6.93
SPY:
11.74
VMCPX:
2.72%
SPY:
2.02%
VMCPX:
12.28%
SPY:
12.64%
VMCPX:
-39.30%
SPY:
-55.19%
VMCPX:
-2.67%
SPY:
-0.42%
Returns By Period
In the year-to-date period, VMCPX achieves a 4.46% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, VMCPX has underperformed SPY with an annualized return of 9.61%, while SPY has yielded a comparatively higher 13.18% annualized return.
VMCPX
4.46%
-0.62%
9.68%
19.21%
10.12%
9.61%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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VMCPX vs. SPY - Expense Ratio Comparison
VMCPX has a 0.03% expense ratio, which is lower than SPY's 0.09% 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. SPY — Risk-Adjusted Performance Rank
VMCPX
SPY
VMCPX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
VMCPX's dividend yield for the trailing twelve months is around 1.44%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares | 1.44% | 1.50% | 1.53% | 1.61% | 1.13% | 1.46% | 1.49% | 1.84% | 1.37% | 1.47% | 1.50% | 1.31% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VMCPX vs. SPY - Drawdown Comparison
The maximum VMCPX drawdown since its inception was -39.30%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMCPX and SPY. For additional features, visit the drawdowns tool.
Volatility
VMCPX vs. SPY - Volatility Comparison
The current volatility for Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) is 2.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that VMCPX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.