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.
Key characteristics
| VMGAX | VOO | |
|---|---|---|
| YTD Return | 31.46% | 27.26% |
| 1Y Return | 40.72% | 37.86% |
| 3Y Return (Ann) | 10.26% | 10.35% |
| 5Y Return (Ann) | 20.52% | 16.03% |
| 10Y Return (Ann) | 16.60% | 13.45% |
| Sharpe Ratio | 2.51 | 3.25 |
| Sortino Ratio | 3.23 | 4.31 |
| Omega Ratio | 1.45 | 1.61 |
| Calmar Ratio | 3.21 | 4.74 |
| Martin Ratio | 12.24 | 21.63 |
| Ulcer Index | 3.56% | 1.85% |
| Daily Std Dev | 17.29% | 12.25% |
| Max Drawdown | -48.61% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
VMGAX vs. VOO - Performance Comparison
In the year-to-date period, VMGAX achieves a 31.46% return, which is significantly higher than VOO's 27.26% return. Over the past 10 years, VMGAX has outperformed VOO with an annualized return of 16.60%, while VOO has yielded a comparatively lower 13.45% 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. 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 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.
Dividends
VMGAX vs. VOO - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.42%, less than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
VMGAX vs. VOO - Volatility Comparison
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) has a higher volatility of 5.18% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. 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.