VMFVX vs. VITAX
VMFVX (Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both mutual funds - VMFVX is a Mid Cap Value 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, VMFVX returned 10.61%/yr vs 23.98%/yr for VITAX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. VMFVX charges 0.08%/yr vs 0.09%/yr for VITAX.
Performance
VMFVX vs. VITAX - Performance Comparison
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Returns By Period
In the year-to-date period, VMFVX achieves a 13.52% return, which is significantly lower than VITAX's 20.86% return. Over the past 10 years, VMFVX has underperformed VITAX with an annualized return of 10.61%, while VITAX has yielded a comparatively higher 23.98% annualized return.
VMFVX
- 1D
- 0.11%
- 1M
- 1.00%
- 6M
- 9.03%
- YTD
- 13.52%
- 1Y
- 23.10%
- 3Y*
- 12.01%
- 5Y*
- 9.25%
- 10Y*
- 10.61%
- ALL TIME*
- 10.87%
VITAX
- 1D
- 5.05%
- 1M
- -1.00%
- 6M
- 21.80%
- YTD
- 20.86%
- 1Y
- 35.33%
- 3Y*
- 26.67%
- 5Y*
- 17.91%
- 10Y*
- 23.98%
- ALL TIME*
- 14.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VMFVX vs. VITAX - 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 | 13.52% | 7.57% | 10.59% | 16.49% | -7.03% | 30.54% | 3.68% | 26.18% | -11.90% | 12.27% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 20.86% | 21.78% | 29.26% | 52.69% | -29.67% | 30.36% | 45.93% | 48.72% | 2.51% | 37.07% |
Correlation
The correlation between VMFVX and VITAX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.66 |
Over the past year, the correlation between VMFVX and VITAX has dropped to 0.44 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
VMFVX vs. VITAX — Risk / Return Rank
VMFVX
VITAX
VMFVX vs. VITAX - 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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VMFVX | VITAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.93 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.84 | 5.21 | +1.62 |
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Drawdowns
VMFVX vs. VITAX - Drawdown Comparison
The maximum VMFVX drawdown since its inception was -45.79%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VMFVX and VITAX.
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Drawdown Indicators
| VMFVX | VITAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -54.81% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -16.38% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -27.38% | +4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.46% | -35.10% | +12.64% |
Max Drawdown (10Y)Largest decline over 10 years | -45.79% | -35.10% | -10.69% |
Current DrawdownCurrent decline from peak | -1.01% | -9.58% | +8.57% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -8.01% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 6.05% | -3.09% |
Volatility
VMFVX vs. VITAX - Volatility Comparison
The current volatility for Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) is 3.41%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 8.62%. This indicates that VMFVX 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
| VMFVX | VITAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 8.62% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 20.26% | -9.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 24.34% | -9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 26.04% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 25.12% | -3.31% |
VMFVX vs. VITAX - Expense Ratio Comparison
VMFVX has a 0.08% 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
VMFVX vs. VITAX - Dividend Comparison
VMFVX's dividend yield for the trailing twelve months is around 1.66%, more than VITAX's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.38% | 0.40% | 0.60% | 0.65% | 0.91% | 0.63% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 1.66% | 1.88% | 1.81% | 1.58% | 2.04% | 1.81% | 2.48% | 1.94% | 2.01% | 1.56% | 1.42% | 1.73% |
Frequently Asked Questions
VMFVX and VITAX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VITAX has higher volatility (8.62%) compared to VMFVX (3.41%). In terms of maximum drawdown, VMFVX dropped -45.79% vs VITAX's -54.81%.
VMFVX currently has the higher Sharpe Ratio (1.35 vs 1.30), 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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