VMCTX vs. VITAX
VMCTX (Vanguard Mega Cap Index Fund Institutional Shares) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both mutual funds - VMCTX is a Large Cap Blend Equities fund managed by Vanguard, while VITAX is a Technology Equities fund tracking the MSCI US Investable Market Information Technology 25/50 Index. Over the past 10 years, VMCTX returned 16.46%/yr vs 25.97%/yr for VITAX. Their correlation of 0.90 suggests significant overlap in exposure. VMCTX charges 0.06%/yr vs 0.09%/yr for VITAX.
Performance
VMCTX vs. VITAX - Performance Comparison
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Returns By Period
In the year-to-date period, VMCTX achieves a 11.68% return, which is significantly lower than VITAX's 33.66% return. Over the past 10 years, VMCTX has underperformed VITAX with an annualized return of 16.46%, while VITAX has yielded a comparatively higher 25.97% annualized return.
VMCTX
- 1D
- 0.04%
- 1M
- 6.43%
- YTD
- 11.68%
- 6M
- 11.63%
- 1Y
- 30.69%
- 3Y*
- 24.20%
- 5Y*
- 15.10%
- 10Y*
- 16.46%
VITAX
- 1D
- 1.27%
- 1M
- 19.87%
- YTD
- 33.66%
- 6M
- 32.51%
- 1Y
- 62.61%
- 3Y*
- 34.15%
- 5Y*
- 23.05%
- 10Y*
- 25.97%
VMCTX vs. VITAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMCTX Vanguard Mega Cap Index Fund Institutional Shares | 11.68% | 19.35% | 27.18% | 29.67% | -19.91% | 27.57% | 21.47% | 31.42% | -3.47% | 22.57% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 33.66% | 21.78% | 29.26% | 52.69% | -29.67% | 30.36% | 45.93% | 48.72% | 2.51% | 37.07% |
Correlation
The correlation between VMCTX and VITAX is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2007 | 0.90 |
The correlation between VMCTX and VITAX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
VMCTX vs. VITAX — Risk / Return Rank
VMCTX
VITAX
VMCTX vs. VITAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Index Fund Institutional Shares (VMCTX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.
| VMCTX | VITAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.51 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 4.00 | -0.81 |
| Martin ratioReturn relative to average drawdown | 14.39 | 12.75 | +1.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMCTX | VITAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 3.18 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.91 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 1.05 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.67 | -0.08 |
Drawdowns
VMCTX vs. VITAX - Drawdown Comparison
The maximum VMCTX drawdown since its inception was -52.00%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VMCTX and VITAX.
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Drawdown Indicators
| VMCTX | VITAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.00% | -54.81% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -16.38% | +6.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -27.38% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.77% | -35.10% | +9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -32.96% | -35.10% | +2.14% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -8.02% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 5.13% | -2.94% |
Volatility
VMCTX vs. VITAX - Volatility Comparison
The current volatility for Vanguard Mega Cap Index Fund Institutional Shares (VMCTX) is 2.93%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 6.01%. This indicates that VMCTX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMCTX | VITAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 6.01% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 16.09% | -6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 20.61% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 25.39% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 24.84% | -6.56% |
VMCTX vs. VITAX - Expense Ratio Comparison
VMCTX has a 0.06% expense ratio, which is lower than VITAX'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%.
Dividends
VMCTX vs. VITAX - Dividend Comparison
VMCTX's dividend yield for the trailing twelve months is around 0.87%, more than VITAX's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.30% | 0.40% | 0.60% | 0.65% | 0.91% | 0.63% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
VMCTX Vanguard Mega Cap Index Fund Institutional Shares | 0.87% | 0.94% | 1.16% | 1.36% | 1.66% | 1.18% | 1.46% | 1.82% | 2.11% | 1.84% | 2.13% | 2.13% |
Frequently Asked Questions
VMCTX and VITAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VITAX has higher volatility (6.01%) compared to VMCTX (2.93%). In terms of maximum drawdown, VMCTX dropped -52.00% vs VITAX's -54.81%.
VITAX currently has the higher Sharpe Ratio (3.18 vs 2.56), 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.
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