Correlation
The correlation between VMGAX and VOO is 0.94, 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.
VMGAX vs. VOO
Compare and contrast key facts about Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Vanguard S&P 500 ETF (VOO).
VMGAX is managed by Vanguard. It was launched on Apr 3, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGAX or VOO.
Performance
VMGAX vs. VOO - Performance Comparison
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Key characteristics
VMGAX:
0.72
VOO:
0.74
VMGAX:
1.05
VOO:
1.04
VMGAX:
1.15
VOO:
1.15
VMGAX:
0.70
VOO:
0.68
VMGAX:
2.34
VOO:
2.58
VMGAX:
7.04%
VOO:
4.93%
VMGAX:
26.24%
VOO:
19.54%
VMGAX:
-48.61%
VOO:
-33.99%
VMGAX:
-3.32%
VOO:
-3.55%
Returns By Period
In the year-to-date period, VMGAX achieves a 0.65% return, which is significantly lower than VOO's 0.90% return. Over the past 10 years, VMGAX has outperformed VOO with an annualized return of 16.10%, while VOO has yielded a comparatively lower 12.81% annualized return.
VMGAX
0.65%
9.16%
1.83%
18.73%
20.82%
17.93%
16.10%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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VMGAX vs. VOO - Expense Ratio Comparison
VMGAX has a 0.06% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
VMGAX vs. VOO — Risk-Adjusted Performance Rank
VMGAX
VOO
VMGAX vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.
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Dividends
VMGAX vs. VOO - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.45%, less than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGAX Vanguard Mega Cap Growth Index Fund Institutional Shares | 0.45% | 0.44% | 0.51% | 0.71% | 0.42% | 0.65% | 0.86% | 1.13% | 1.23% | 1.53% | 1.44% | 1.25% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
VMGAX vs. VOO - Drawdown Comparison
The maximum VMGAX drawdown since its inception was -48.61%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VMGAX and VOO.
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Volatility
VMGAX vs. VOO - Volatility Comparison
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) has a higher volatility of 5.97% compared to Vanguard S&P 500 ETF (VOO) at 4.84%. This indicates that VMGAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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