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VMGAX vs. IWY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VMGAX vs. IWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and iShares Russell Top 200 Growth ETF (IWY). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
13.33%
13.28%
VMGAX
IWY

Returns By Period

In the year-to-date period, VMGAX achieves a 28.11% return, which is significantly lower than IWY's 29.94% return. Over the past 10 years, VMGAX has underperformed IWY with an annualized return of 16.22%, while IWY has yielded a comparatively higher 17.49% annualized return.


VMGAX

YTD

28.11%

1M

1.84%

6M

14.05%

1Y

34.16%

5Y (annualized)

19.60%

10Y (annualized)

16.22%

IWY

YTD

29.94%

1M

1.36%

6M

13.90%

1Y

36.25%

5Y (annualized)

20.52%

10Y (annualized)

17.49%

Key characteristics


VMGAXIWY
Sharpe Ratio2.012.08
Sortino Ratio2.642.71
Omega Ratio1.361.38
Calmar Ratio2.572.60
Martin Ratio9.779.88
Ulcer Index3.57%3.65%
Daily Std Dev17.33%17.36%
Max Drawdown-48.61%-32.68%
Current Drawdown-2.69%-2.35%

Compare stocks, funds, or ETFs

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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%.


IWY
iShares Russell Top 200 Growth ETF
Expense ratio chart for IWY: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for VMGAX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Correlation

-0.50.00.51.01.0

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.

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.


Sharpe ratio
The chart of Sharpe ratio for VMGAX, currently valued at 1.97, compared to the broader market0.002.004.001.972.08
The chart of Sortino ratio for VMGAX, currently valued at 2.60, compared to the broader market0.005.0010.002.602.71
The chart of Omega ratio for VMGAX, currently valued at 1.36, compared to the broader market1.002.003.004.001.361.38
The chart of Calmar ratio for VMGAX, currently valued at 2.52, compared to the broader market0.005.0010.0015.0020.0025.002.522.60
The chart of Martin ratio for VMGAX, currently valued at 9.57, compared to the broader market0.0020.0040.0060.0080.00100.009.579.88
VMGAX
IWY

The current VMGAX Sharpe Ratio is 2.01, which is comparable to the IWY Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VMGAX and IWY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.97
2.08
VMGAX
IWY

Dividends

VMGAX vs. IWY - Dividend Comparison

VMGAX's dividend yield for the trailing twelve months is around 0.43%, less than IWY's 0.50% yield.


TTM20232022202120202019201820172016201520142013
VMGAX
Vanguard Mega Cap Growth Index Fund Institutional Shares
0.43%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
0.50%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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.69%
-2.35%
VMGAX
IWY

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 5.53% and 5.69%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
5.53%
5.69%
VMGAX
IWY