VMGIX vs. NAESX
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard Small Cap Index Fund (NAESX).
VMGIX is managed by Vanguard. It was launched on Aug 17, 2006. NAESX is managed by Vanguard. It was launched on Oct 3, 1960.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGIX or NAESX.
Key characteristics
| VMGIX | NAESX | |
|---|---|---|
| YTD Return | 14.04% | 13.05% |
| 1Y Return | 38.71% | 37.25% |
| 3Y Return (Ann) | -0.41% | 2.83% |
| 5Y Return (Ann) | 11.23% | 10.35% |
| 10Y Return (Ann) | 10.38% | 9.12% |
| Sharpe Ratio | 2.64 | 2.20 |
| Sortino Ratio | 3.54 | 3.06 |
| Omega Ratio | 1.46 | 1.38 |
| Calmar Ratio | 1.25 | 1.59 |
| Martin Ratio | 15.61 | 12.36 |
| Ulcer Index | 2.48% | 3.09% |
| Daily Std Dev | 14.70% | 17.40% |
| Max Drawdown | -60.20% | -59.77% |
| Current Drawdown | -4.40% | -1.43% |
Correlation
The correlation between VMGIX and NAESX is 0.91, 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. NAESX - Performance Comparison
In the year-to-date period, VMGIX achieves a 14.04% return, which is significantly higher than NAESX's 13.05% return. Over the past 10 years, VMGIX has outperformed NAESX with an annualized return of 10.38%, while NAESX has yielded a comparatively lower 9.12% 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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VMGIX vs. NAESX - Expense Ratio Comparison
VMGIX has a 0.19% expense ratio, which is higher than NAESX's 0.17% 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. NAESX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard Small Cap Index Fund (NAESX). 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. NAESX - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.60%, less than NAESX's 1.27% 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% |
NAESX Vanguard Small Cap Index Fund | 1.27% | 1.44% | 1.41% | 1.12% | 1.05% | 1.27% | 1.53% | 1.24% | 1.39% | 1.35% | 1.27% | 1.17% |
Drawdowns
VMGIX vs. NAESX - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, roughly equal to the maximum NAESX drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for VMGIX and NAESX. For additional features, visit the drawdowns tool.
Volatility
VMGIX vs. NAESX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Growth Index Fund (VMGIX) is 2.93%, while Vanguard Small Cap Index Fund (NAESX) has a volatility of 3.51%. This indicates that VMGIX experiences smaller price fluctuations and is considered to be less risky than NAESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.