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.
Key characteristics
| VMGIX | QQQ | |
|---|---|---|
| YTD Return | 14.04% | 22.66% |
| 1Y Return | 38.71% | 44.21% |
| 3Y Return (Ann) | -0.41% | 9.77% |
| 5Y Return (Ann) | 11.23% | 21.34% |
| 10Y Return (Ann) | 10.38% | 18.30% |
| Sharpe Ratio | 2.64 | 2.67 |
| Sortino Ratio | 3.54 | 3.42 |
| Omega Ratio | 1.46 | 1.47 |
| Calmar Ratio | 1.25 | 3.38 |
| Martin Ratio | 15.61 | 12.40 |
| Ulcer Index | 2.48% | 3.70% |
| Daily Std Dev | 14.70% | 17.17% |
| Max Drawdown | -60.20% | -82.98% |
| Current Drawdown | -4.40% | -0.42% |
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
In the year-to-date period, VMGIX achieves a 14.04% return, which is significantly lower than QQQ's 22.66% return. Over the past 10 years, VMGIX has underperformed QQQ with an annualized return of 10.38%, while QQQ has yielded a comparatively higher 18.30% 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. 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 0.60%, less than QQQ's 0.61% 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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
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 2.93%, while Invesco QQQ (QQQ) has a volatility of 3.89%. 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.