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.
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
Key characteristics
VMGAX:
1.09
VOO:
1.47
VMGAX:
1.52
VOO:
1.99
VMGAX:
1.20
VOO:
1.27
VMGAX:
1.48
VOO:
2.23
VMGAX:
5.33
VOO:
9.05
VMGAX:
3.77%
VOO:
2.08%
VMGAX:
18.44%
VOO:
12.84%
VMGAX:
-48.61%
VOO:
-33.99%
VMGAX:
-5.26%
VOO:
-3.08%
Returns By Period
In the year-to-date period, VMGAX achieves a -1.37% return, which is significantly lower than VOO's 1.40% return. Over the past 10 years, VMGAX has outperformed VOO with an annualized return of 15.91%, while VOO has yielded a comparatively lower 13.01% annualized return.
VMGAX
-1.37%
-3.17%
7.83%
18.44%
18.76%
15.91%
VOO
1.40%
-1.79%
6.13%
17.41%
15.83%
13.01%
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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.
Dividends
VMGAX vs. VOO - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.45%, less than VOO's 1.23% 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 | 1.23% | 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. 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 5.23% compared to Vanguard S&P 500 ETF (VOO) at 3.70%. 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.