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:
0.50
SPY:
0.54
VMCPX:
0.81
SPY:
0.89
VMCPX:
1.11
SPY:
1.13
VMCPX:
0.48
SPY:
0.58
VMCPX:
1.85
SPY:
2.39
VMCPX:
4.87%
SPY:
4.51%
VMCPX:
18.22%
SPY:
20.07%
VMCPX:
-39.30%
SPY:
-55.19%
VMCPX:
-9.92%
SPY:
-10.54%
Returns By Period
In the year-to-date period, VMCPX achieves a -3.31% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, VMCPX has underperformed SPY with an annualized return of 8.68%, while SPY has yielded a comparatively higher 11.95% annualized return.
VMCPX
-3.31%
-3.63%
-3.73%
7.75%
13.54%
8.68%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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 1.64%, more than SPY's 1.31% 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% |
SPY SPDR S&P 500 ETF | 1.31% | 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 13.15%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. 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.