VMFGX vs. VBR
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) and Vanguard Small-Cap Value ETF (VBR).
VMFGX is managed by Vanguard. It was launched on Mar 28, 2011. VBR is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap Value Index. It was launched on Jan 26, 2004.
Performance
VMFGX vs. VBR - Performance Comparison
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VMFGX vs. VBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares | 3.91% | 7.43% | 15.86% | 17.42% | -18.99% | 18.83% | 22.61% | 26.20% | -10.39% | 19.87% |
VBR Vanguard Small-Cap Value ETF | 3.59% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
Returns By Period
In the year-to-date period, VMFGX achieves a 3.91% return, which is significantly higher than VBR's 3.59% return. Both investments have delivered pretty close results over the past 10 years, with VMFGX having a 10.58% annualized return and VBR not far behind at 10.14%.
VMFGX
- 1D
- 3.44%
- 1M
- -6.81%
- YTD
- 3.91%
- 6M
- 4.99%
- 1Y
- 20.83%
- 3Y*
- 13.08%
- 5Y*
- 5.78%
- 10Y*
- 10.58%
VBR
- 1D
- 0.41%
- 1M
- -4.79%
- YTD
- 3.59%
- 6M
- 5.25%
- 1Y
- 19.13%
- 3Y*
- 13.58%
- 5Y*
- 7.64%
- 10Y*
- 10.14%
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VMFGX vs. VBR - Expense Ratio Comparison
VMFGX has a 0.08% expense ratio, which is higher than VBR's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VMFGX vs. VBR — Risk / Return Rank
VMFGX
VBR
VMFGX vs. VBR - Risk-Adjusted Trends 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 Vanguard Small-Cap Value ETF (VBR). 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.
| VMFGX | VBR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.93 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.43 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.37 | +0.23 |
Martin ratioReturn relative to average drawdown | 6.93 | 5.62 | +1.31 |
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
| VMFGX | VBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.93 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.39 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.47 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.40 | +0.19 |
Correlation
The correlation between VMFGX and VBR is 0.92, 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.
Dividends
VMFGX vs. VBR - Dividend Comparison
VMFGX's dividend yield for the trailing twelve months is around 0.68%, less than VBR's 1.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares | 0.68% | 0.70% | 0.84% | 1.21% | 1.12% | 0.53% | 0.79% | 1.22% | 1.18% | 0.93% | 1.14% | 1.14% |
VBR Vanguard Small-Cap Value ETF | 1.90% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Drawdowns
VMFGX vs. VBR - Drawdown Comparison
The maximum VMFGX drawdown since its inception was -39.15%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for VMFGX and VBR.
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Drawdown Indicators
| VMFGX | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -61.98% | +22.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -14.18% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -24.19% | -5.06% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -45.28% | +6.13% |
Current DrawdownCurrent decline from peak | -6.81% | -5.75% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -8.32% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.46% | -0.30% |
Volatility
VMFGX vs. VBR - Volatility Comparison
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) has a higher volatility of 7.88% compared to Vanguard Small-Cap Value ETF (VBR) at 5.40%. This indicates that VMFGX's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMFGX | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 5.40% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 11.29% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.12% | 20.64% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.55% | 19.85% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 21.73% | -0.74% |