VMFGX vs. AOA
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) and iShares Core Aggressive Allocation ETF (AOA).
VMFGX is managed by Vanguard. It was launched on Mar 28, 2011. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMFGX or AOA.
Key characteristics
| VMFGX | AOA | |
|---|---|---|
| YTD Return | 14.23% | 7.82% |
| 1Y Return | 28.43% | 18.33% |
| 3Y Return (Ann) | 5.91% | 4.64% |
| 5Y Return (Ann) | 11.72% | 9.14% |
| 10Y Return (Ann) | 10.61% | 7.63% |
| Sharpe Ratio | 1.95 | 1.94 |
| Daily Std Dev | 15.20% | 9.66% |
| Max Drawdown | -39.15% | -28.38% |
| Current Drawdown | -1.17% | -0.13% |
Correlation
The correlation between VMFGX and AOA is 0.88, 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
VMFGX vs. AOA - Performance Comparison
In the year-to-date period, VMFGX achieves a 14.23% return, which is significantly higher than AOA's 7.82% return. Over the past 10 years, VMFGX has outperformed AOA with an annualized return of 10.61%, while AOA has yielded a comparatively lower 7.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMFGX vs. AOA - Expense Ratio Comparison
VMFGX has a 0.08% expense ratio, which is lower than AOA's 0.25% 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
VMFGX vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) and iShares Core Aggressive Allocation ETF (AOA). 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
VMFGX vs. AOA - Dividend Comparison
VMFGX's dividend yield for the trailing twelve months is around 1.06%, less than AOA's 2.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares | 1.06% | 1.21% | 1.12% | 0.53% | 0.79% | 1.22% | 1.18% | 0.93% | 1.14% | 1.14% | 0.91% | 0.75% |
AOA iShares Core Aggressive Allocation ETF | 2.10% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
VMFGX vs. AOA - Drawdown Comparison
The maximum VMFGX drawdown since its inception was -39.15%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for VMFGX and AOA. For additional features, visit the drawdowns tool.
Volatility
VMFGX vs. AOA - Volatility Comparison
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) has a higher volatility of 4.06% compared to iShares Core Aggressive Allocation ETF (AOA) at 2.72%. This indicates that VMFGX's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.