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 | 22.92% | 16.00% |
| 1Y Return | 39.73% | 27.19% |
| 3Y Return (Ann) | 4.52% | 4.69% |
| 5Y Return (Ann) | 12.15% | 9.14% |
| 10Y Return (Ann) | 10.59% | 8.01% |
| Sharpe Ratio | 2.33 | 2.68 |
| Sortino Ratio | 3.23 | 3.76 |
| Omega Ratio | 1.39 | 1.50 |
| Calmar Ratio | 2.07 | 2.63 |
| Martin Ratio | 12.59 | 17.75 |
| Ulcer Index | 3.06% | 1.49% |
| Daily Std Dev | 16.53% | 9.85% |
| Max Drawdown | -39.15% | -28.38% |
| Current Drawdown | 0.00% | -0.28% |
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 22.92% return, which is significantly higher than AOA's 16.00% return. Over the past 10 years, VMFGX has outperformed AOA with an annualized return of 10.59%, while AOA has yielded a comparatively lower 8.01% 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 0.99%, less than AOA's 2.08% 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 | 0.99% | 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 | 2.08% | 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 4.92% compared to iShares Core Aggressive Allocation ETF (AOA) at 2.69%. 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.