VMFVX vs. VB
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) and Vanguard Small-Cap ETF (VB).
VMFVX is managed by Vanguard. It was launched on Nov 2, 2010. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004.
Performance
VMFVX vs. VB - Performance Comparison
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VMFVX vs. VB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | -1.26% | 7.57% | 10.59% | 16.49% | -7.03% | 30.54% | 3.68% | 26.18% | -11.90% | 12.27% |
VB Vanguard Small-Cap ETF | 1.92% | 8.87% | 14.17% | 18.22% | -17.51% | 17.57% | 19.19% | 27.34% | -9.34% | 16.26% |
Returns By Period
In the year-to-date period, VMFVX achieves a -1.26% return, which is significantly lower than VB's 1.92% return. Over the past 10 years, VMFVX has underperformed VB with an annualized return of 9.82%, while VB has yielded a comparatively higher 10.51% annualized return.
VMFVX
- 1D
- -0.21%
- 1M
- -7.37%
- YTD
- -1.26%
- 6M
- 0.78%
- 1Y
- 10.31%
- 3Y*
- 10.10%
- 5Y*
- 7.00%
- 10Y*
- 9.82%
VB
- 1D
- 3.18%
- 1M
- -5.13%
- YTD
- 1.92%
- 6M
- 3.76%
- 1Y
- 19.75%
- 3Y*
- 13.04%
- 5Y*
- 5.35%
- 10Y*
- 10.51%
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VMFVX vs. VB - Expense Ratio Comparison
VMFVX has a 0.08% expense ratio, which is higher than VB's 0.05% 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
VMFVX vs. VB — Risk / Return Rank
VMFVX
VB
VMFVX vs. VB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) and Vanguard Small-Cap ETF (VB). 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.
| VMFVX | VB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.91 | -0.38 |
Sortino ratioReturn per unit of downside risk | 0.88 | 1.41 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.39 | -0.78 |
Martin ratioReturn relative to average drawdown | 2.33 | 5.97 | -3.64 |
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
| VMFVX | VB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.91 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.26 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.49 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.42 | +0.07 |
Correlation
The correlation between VMFVX and VB is 0.95, 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
VMFVX vs. VB - Dividend Comparison
VMFVX's dividend yield for the trailing twelve months is around 1.91%, more than VB's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 1.91% | 1.88% | 1.81% | 1.58% | 2.04% | 1.81% | 2.48% | 1.94% | 2.01% | 1.56% | 1.42% | 1.73% |
VB Vanguard Small-Cap ETF | 1.34% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Drawdowns
VMFVX vs. VB - Drawdown Comparison
The maximum VMFVX drawdown since its inception was -45.79%, smaller than the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for VMFVX and VB.
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Drawdown Indicators
| VMFVX | VB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -59.56% | +13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -14.52% | -14.29% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.46% | -28.15% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -45.79% | -42.05% | -3.74% |
Current DrawdownCurrent decline from peak | -9.66% | -6.08% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -8.49% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 3.32% | +0.49% |
Volatility
VMFVX vs. VB - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) is 4.65%, while Vanguard Small-Cap ETF (VB) has a volatility of 6.84%. This indicates that VMFVX experiences smaller price fluctuations and is considered to be less risky than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMFVX | VB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 6.84% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 12.60% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.51% | 21.86% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 20.78% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 21.40% | +0.47% |