VMGAX vs. VRGWX
Compare and contrast key facts about Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX).
VMGAX is managed by Vanguard. It was launched on Apr 3, 2008. VRGWX is managed by Vanguard. It was launched on Dec 6, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGAX or VRGWX.
Performance
VMGAX vs. VRGWX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VMGAX having a 29.76% return and VRGWX slightly higher at 30.23%. Both investments have delivered pretty close results over the past 10 years, with VMGAX having a 16.30% annualized return and VRGWX not far ahead at 16.44%.
VMGAX
29.76%
1.83%
14.54%
34.96%
20.06%
16.30%
VRGWX
30.23%
2.25%
14.43%
36.43%
19.48%
16.44%
Key characteristics
| VMGAX | VRGWX | |
|---|---|---|
| Sharpe Ratio | 1.99 | 2.12 |
| Sortino Ratio | 2.62 | 2.73 |
| Omega Ratio | 1.36 | 1.39 |
| Calmar Ratio | 2.54 | 2.74 |
| Martin Ratio | 9.67 | 10.83 |
| Ulcer Index | 3.57% | 3.32% |
| Daily Std Dev | 17.32% | 17.02% |
| Max Drawdown | -48.61% | -32.70% |
| Current Drawdown | -1.44% | -1.47% |
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VMGAX vs. VRGWX - Expense Ratio Comparison
VMGAX has a 0.06% expense ratio, which is lower than VRGWX's 0.07% 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%.
Correlation
The correlation between VMGAX and VRGWX is 0.99, 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. VRGWX - 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 Russell 1000 Growth Index Fund Institutional Shares (VRGWX). 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. VRGWX - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.43%, less than VRGWX's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VRGWX Vanguard Russell 1000 Growth Index Fund Institutional Shares | 0.60% | 0.71% | 0.99% | 0.59% | 0.77% | 1.03% | 1.22% | 1.22% | 1.52% | 1.51% | 1.46% | 1.33% |
Drawdowns
VMGAX vs. VRGWX - Drawdown Comparison
The maximum VMGAX drawdown since its inception was -48.61%, which is greater than VRGWX's maximum drawdown of -32.70%. Use the drawdown chart below to compare losses from any high point for VMGAX and VRGWX. For additional features, visit the drawdowns tool.
Volatility
VMGAX vs. VRGWX - Volatility Comparison
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Vanguard Russell 1000 Growth Index Fund Institutional Shares (VRGWX) have volatilities of 5.62% and 5.59%, 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.