VMGIX vs. QQQ
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund (VMGIX) and Invesco QQQ (QQQ).
VMGIX is managed by Vanguard. It was launched on Aug 17, 2006. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGIX or QQQ.
Correlation
The correlation between VMGIX and QQQ is 0.87, 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. QQQ - Performance Comparison
Key characteristics
VMGIX:
1.32
QQQ:
1.71
VMGIX:
1.82
QQQ:
2.27
VMGIX:
1.23
QQQ:
1.31
VMGIX:
1.04
QQQ:
2.26
VMGIX:
7.37
QQQ:
8.12
VMGIX:
2.69%
QQQ:
3.77%
VMGIX:
15.06%
QQQ:
17.88%
VMGIX:
-60.20%
QQQ:
-82.98%
VMGIX:
-4.98%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, VMGIX achieves a 19.47% return, which is significantly lower than QQQ's 30.18% return. Over the past 10 years, VMGIX has underperformed QQQ with an annualized return of 10.45%, while QQQ has yielded a comparatively higher 18.54% annualized return.
VMGIX
19.47%
-2.79%
13.32%
19.81%
11.01%
10.45%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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VMGIX vs. QQQ - Expense Ratio Comparison
VMGIX has a 0.19% expense ratio, which is lower than QQQ's 0.20% 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%.
Risk-Adjusted Performance
VMGIX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.38%, less than QQQ's 0.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.38% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% | 0.48% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
VMGIX vs. QQQ - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for VMGIX and QQQ. For additional features, visit the drawdowns tool.
Volatility
VMGIX vs. QQQ - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund (VMGIX) and Invesco QQQ (QQQ) have volatilities of 5.43% and 5.48%, 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.