VMGIX vs. BQMGX

Last updated Aug 5, 2026

VMGIX (Vanguard Mid-Cap Growth Index Fund) and BQMGX (Bright Rock Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, VMGIX returned 11.59%/yr vs 8.91%/yr for BQMGX. Their correlation of 0.91 means they have usually moved in the same direction. VMGIX charges 0.19%/yr vs 1.07%/yr for BQMGX.

Performance

VMGIX vs. BQMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth Index Fund (VMGIX) and Bright Rock Mid Cap Growth Fund (BQMGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMGIX achieves a 8.27% return, which is significantly higher than BQMGX's 2.00% return. Over the past 10 years, VMGIX has outperformed BQMGX with an annualized return of 11.59%, while BQMGX has yielded a comparatively lower 8.91% annualized return.

VMGIX

• 1D: 1.99%
• 1M: 0.07%
• 6M: 10.77%
• YTD: 8.27%
• 1Y: 3.87%
• 3Y*: 14.25%
• 5Y*: 5.03%
• 10Y*: 11.59%
• ALL TIME*: 9.91%

BQMGX

• 1D: 0.97%
• 1M: 1.44%
• 6M: 1.09%
• YTD: 2.00%
• 1Y: -2.88%
• 3Y*: 6.40%
• 5Y*: 2.63%
• 10Y*: 8.91%
• ALL TIME*: 9.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BQMGX Bright Rock Mid Cap Growth Fund	$0.00	$0.00	$0.00
VMGIX Vanguard Mid-Cap Growth Index Fund	$0.00	$0.00	$0.00

VMGIX vs. BQMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VMGIX Vanguard Mid-Cap Growth Index Fund	8.27%	10.56%	15.51%	23.79%	-28.93%	20.32%	34.30%	33.69%	-5.73%	21.72%
BQMGX Bright Rock Mid Cap Growth Fund	2.00%	-0.29%	14.16%	13.00%	-19.44%	23.02%	19.62%	32.05%	-6.68%	22.16%

Correlation

The correlation between VMGIX and BQMGX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since May 26, 2010	0.91

Over the past year, the correlation between VMGIX and BQMGX has dropped to 0.67 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

Return for Risk

VMGIX vs. BQMGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VMGIX

VMGIX Risk / Return Rank: 8
VMGIX Sharpe Ratio Rank: 8
VMGIX Sortino Ratio Rank: 8
VMGIX Omega Ratio Rank: 8
VMGIX Calmar Ratio Rank: 8
VMGIX Martin Ratio Rank: 8

BQMGX

BQMGX Risk / Return Rank: 3
BQMGX Sharpe Ratio Rank: 4
BQMGX Sortino Ratio Rank: 3
BQMGX Omega Ratio Rank: 3
BQMGX Calmar Ratio Rank: 4
BQMGX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VMGIX vs. BQMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and Bright Rock Mid Cap Growth Fund (BQMGX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VMGIX	BQMGX	Difference
Sharpe ratio: Return per unit of total volatility	0.35	-0.02	+0.37
Sortino ratio: Return per unit of downside risk	0.61	0.06	+0.55
Omega ratio: Gain probability vs. loss probability	1.07	1.01	+0.06
Calmar ratio: Return relative to maximum drawdown	0.38	-0.02	+0.40
Martin ratio: Return relative to average drawdown	1.12	-0.04	+1.16

VMGIX vs. BQMGX - Sharpe Ratio Comparison

The current VMGIX Sharpe Ratio is 0.35, which is higher than the BQMGX Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of VMGIX and BQMGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VMGIX vs. BQMGX - Drawdown Comparison

The maximum VMGIX drawdown since its inception was -60.20%, which is greater than BQMGX's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for VMGIX and BQMGX.

Drawdown Indicators

	VMGIX	BQMGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.20%	-36.05%	-24.15%
Max Drawdown (1Y) Largest decline over 1 year	-15.99%	-11.62%	-4.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.67%	-18.72%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-37.25%	-25.92%	-11.33%
Max Drawdown (10Y) Largest decline over 10 years	-37.25%	-36.05%	-1.20%
Current Drawdown Current decline from peak	-1.66%	-4.21%	+2.55%
Average Drawdown Average peak-to-trough decline	-9.95%	-5.88%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.43%	5.51%	-0.08%

Volatility

VMGIX vs. BQMGX - Volatility Comparison

Vanguard Mid-Cap Growth Index Fund (VMGIX) has a higher volatility of 4.57% compared to Bright Rock Mid Cap Growth Fund (BQMGX) at 3.31%. This indicates that VMGIX's price experiences larger fluctuations and is considered to be riskier than BQMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VMGIX	BQMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.31%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	13.97%	9.42%	+4.55%
Volatility (1Y) Calculated over the trailing 1-year period	17.34%	12.42%	+4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	16.86%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.04%	17.93%	+3.11%

VMGIX vs. BQMGX - Expense Ratio Comparison

VMGIX has a 0.19% expense ratio, which is lower than BQMGX's 1.07% expense ratio.

Dividends

VMGIX vs. BQMGX - Dividend Comparison

VMGIX's dividend yield for the trailing twelve months is around 0.48%, less than BQMGX's 4.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BQMGX Bright Rock Mid Cap Growth Fund	4.04%	4.12%	5.99%	0.00%	5.90%	8.05%	5.27%	3.50%	0.00%	0.08%	1.07%	5.80%
VMGIX Vanguard Mid-Cap Growth Index Fund	0.48%	0.52%	0.56%	0.60%	0.64%	0.23%	0.46%	0.67%	0.70%	0.61%	0.70%	0.69%

Frequently Asked Questions

Can I hold both VMGIX and BQMGX in my portfolio?

VMGIX and BQMGX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMGIX or BQMGX?

VMGIX has higher volatility (4.57%) compared to BQMGX (3.31%). In terms of maximum drawdown, VMGIX dropped -60.20% vs BQMGX's -36.05%.

Which has better risk-adjusted returns?

VMGIX currently has the higher Sharpe Ratio (0.35 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.