VMGIX vs. FMDGX
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund (VMGIX) and Fidelity Mid Cap Growth Index Fund (FMDGX).
VMGIX is managed by Vanguard. It was launched on Aug 17, 2006. FMDGX is managed by Fidelity. It was launched on Jul 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGIX or FMDGX.
Key characteristics
| VMGIX | FMDGX | |
|---|---|---|
| YTD Return | 14.04% | 17.43% |
| 1Y Return | 38.71% | 42.90% |
| 3Y Return (Ann) | -0.41% | 1.36% |
| 5Y Return (Ann) | 11.23% | 11.84% |
| Sharpe Ratio | 2.64 | 2.86 |
| Sortino Ratio | 3.54 | 3.79 |
| Omega Ratio | 1.46 | 1.49 |
| Calmar Ratio | 1.25 | 1.49 |
| Martin Ratio | 15.61 | 14.98 |
| Ulcer Index | 2.48% | 2.90% |
| Daily Std Dev | 14.70% | 15.20% |
| Max Drawdown | -60.20% | -38.59% |
| Current Drawdown | -4.40% | -0.06% |
Correlation
The correlation between VMGIX and FMDGX 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.
Performance
VMGIX vs. FMDGX - Performance Comparison
In the year-to-date period, VMGIX achieves a 14.04% return, which is significantly lower than FMDGX's 17.43% 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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VMGIX vs. FMDGX - Expense Ratio Comparison
VMGIX has a 0.19% expense ratio, which is higher than FMDGX's 0.05% 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
VMGIX vs. FMDGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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
VMGIX vs. FMDGX - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.60%, more than FMDGX's 0.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.60% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% | 0.48% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.51% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VMGIX vs. FMDGX - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for VMGIX and FMDGX. For additional features, visit the drawdowns tool.
Volatility
VMGIX vs. FMDGX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Growth Index Fund (VMGIX) is 2.93%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 3.32%. This indicates that VMGIX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.