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:
1.38
QQQ:
1.40
VMGIX:
1.90
QQQ:
1.90
VMGIX:
1.24
QQQ:
1.25
VMGIX:
1.25
QQQ:
1.88
VMGIX:
6.93
QQQ:
6.51
VMGIX:
2.98%
QQQ:
3.92%
VMGIX:
14.98%
QQQ:
18.23%
VMGIX:
-60.20%
QQQ:
-82.98%
VMGIX:
-2.64%
QQQ:
-0.42%
Returns By Period
In the year-to-date period, VMGIX achieves a 6.09% return, which is significantly higher than QQQ's 5.09% return. Over the past 10 years, VMGIX has underperformed QQQ with an annualized return of 10.42%, while QQQ has yielded a comparatively higher 18.32% annualized return.
VMGIX
6.09%
-0.46%
15.41%
21.89%
10.52%
10.42%
QQQ
5.09%
2.37%
13.48%
26.98%
19.29%
18.32%
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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 Rank
VMGIX
QQQ
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 0.53%, which matches QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.53% | 0.56% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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
The current volatility for Vanguard Mid-Cap Growth Index Fund (VMGIX) is 3.97%, while Invesco QQQ (QQQ) has a volatility of 4.70%. This indicates that VMGIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.