VMFVX vs. VTV
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) and Vanguard Value ETF (VTV).
VMFVX is managed by Vanguard. It was launched on Nov 2, 2010. VTV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Prime Market Value Index. It was launched on Jan 26, 2004.
Performance
VMFVX vs. VTV - Performance Comparison
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VMFVX vs. VTV - 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% |
VTV Vanguard Value ETF | 3.30% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Returns By Period
In the year-to-date period, VMFVX achieves a -1.26% return, which is significantly lower than VTV's 3.30% return. Over the past 10 years, VMFVX has underperformed VTV with an annualized return of 9.82%, while VTV has yielded a comparatively higher 11.80% 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%
VTV
- 1D
- 1.64%
- 1M
- -4.81%
- YTD
- 3.30%
- 6M
- 6.34%
- 1Y
- 16.02%
- 3Y*
- 15.09%
- 5Y*
- 10.86%
- 10Y*
- 11.80%
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VMFVX vs. VTV - Expense Ratio Comparison
VMFVX has a 0.08% expense ratio, which is higher than VTV's 0.04% 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. VTV — Risk / Return Rank
VMFVX
VTV
VMFVX vs. VTV - 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 Value ETF (VTV). 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 | VTV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.08 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.88 | 1.56 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.53 | -0.92 |
Martin ratioReturn relative to average drawdown | 2.33 | 6.93 | -4.60 |
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 | VTV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.08 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.79 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.71 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.49 | 0.00 |
Correlation
The correlation between VMFVX and VTV is 0.89, 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. VTV - Dividend Comparison
VMFVX's dividend yield for the trailing twelve months is around 1.91%, less than VTV's 2.02% 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% |
VTV Vanguard Value ETF | 2.02% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Drawdowns
VMFVX vs. VTV - Drawdown Comparison
The maximum VMFVX drawdown since its inception was -45.79%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VMFVX and VTV.
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Drawdown Indicators
| VMFVX | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -59.27% | +13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.52% | -11.32% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.46% | -17.04% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -45.79% | -36.78% | -9.01% |
Current DrawdownCurrent decline from peak | -9.66% | -4.81% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -7.92% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.50% | +1.31% |
Volatility
VMFVX vs. VTV - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) has a higher volatility of 4.65% compared to Vanguard Value ETF (VTV) at 3.78%. This indicates that VMFVX's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMFVX | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 3.78% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 7.72% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.51% | 14.93% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 13.88% | +5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 16.67% | +5.20% |