VMGAX vs. IWY
Compare and contrast key facts about Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and iShares Russell Top 200 Growth ETF (IWY).
VMGAX is managed by Vanguard. It was launched on Apr 3, 2008. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGAX or IWY.
Key characteristics
| VMGAX | IWY | |
|---|---|---|
| YTD Return | 31.65% | 32.94% |
| 1Y Return | 41.03% | 42.23% |
| 3Y Return (Ann) | 10.30% | 11.84% |
| 5Y Return (Ann) | 20.47% | 21.39% |
| 10Y Return (Ann) | 16.61% | 17.82% |
| Sharpe Ratio | 2.37 | 2.44 |
| Sortino Ratio | 3.07 | 3.14 |
| Omega Ratio | 1.43 | 1.44 |
| Calmar Ratio | 3.01 | 3.03 |
| Martin Ratio | 11.49 | 11.56 |
| Ulcer Index | 3.56% | 3.64% |
| Daily Std Dev | 17.25% | 17.22% |
| Max Drawdown | -48.61% | -32.68% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between VMGAX and IWY is 0.98, 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
VMGAX vs. IWY - Performance Comparison
The year-to-date returns for both investments are quite close, with VMGAX having a 31.65% return and IWY slightly higher at 32.94%. Over the past 10 years, VMGAX has underperformed IWY with an annualized return of 16.61%, while IWY has yielded a comparatively higher 17.82% 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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VMGAX vs. IWY - Expense Ratio Comparison
VMGAX has a 0.06% expense ratio, which is lower than IWY's 0.20% 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
VMGAX vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and iShares Russell Top 200 Growth ETF (IWY). 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
VMGAX vs. IWY - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.42%, less than IWY's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGAX Vanguard Mega Cap Growth Index Fund Institutional Shares | 0.42% | 0.51% | 0.71% | 0.42% | 0.65% | 0.86% | 1.13% | 1.23% | 1.53% | 1.44% | 1.25% | 1.31% |
IWY iShares Russell Top 200 Growth ETF | 0.49% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
VMGAX vs. IWY - Drawdown Comparison
The maximum VMGAX drawdown since its inception was -48.61%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for VMGAX and IWY. For additional features, visit the drawdowns tool.
Volatility
VMGAX vs. IWY - Volatility Comparison
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and iShares Russell Top 200 Growth ETF (IWY) have volatilities of 5.13% and 5.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.