VMGIX vs. SPY
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund (VMGIX) and SPDR S&P 500 ETF (SPY).
VMGIX is managed by Vanguard. It was launched on Aug 17, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGIX or SPY.
Key characteristics
| VMGIX | SPY | |
|---|---|---|
| YTD Return | 14.04% | 23.55% |
| 1Y Return | 38.71% | 41.88% |
| 3Y Return (Ann) | -0.41% | 9.84% |
| 5Y Return (Ann) | 11.23% | 15.74% |
| 10Y Return (Ann) | 10.38% | 13.19% |
| Sharpe Ratio | 2.64 | 3.62 |
| Sortino Ratio | 3.54 | 4.77 |
| Omega Ratio | 1.46 | 1.68 |
| Calmar Ratio | 1.25 | 4.11 |
| Martin Ratio | 15.61 | 23.79 |
| Ulcer Index | 2.48% | 1.83% |
| Daily Std Dev | 14.70% | 12.04% |
| Max Drawdown | -60.20% | -55.19% |
| Current Drawdown | -4.40% | -0.48% |
Correlation
The correlation between VMGIX and SPY 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. SPY - Performance Comparison
In the year-to-date period, VMGIX achieves a 14.04% return, which is significantly lower than SPY's 23.55% return. Over the past 10 years, VMGIX has underperformed SPY with an annualized return of 10.38%, while SPY has yielded a comparatively higher 13.19% 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. SPY - Expense Ratio Comparison
VMGIX has a 0.19% expense ratio, which is higher than SPY's 0.09% 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.60%, less than SPY's 1.20% 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VMGIX vs. SPY - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VMGIX and SPY. For additional features, visit the drawdowns tool.
Volatility
VMGIX vs. SPY - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund (VMGIX) has a higher volatility of 2.93% compared to SPDR S&P 500 ETF (SPY) at 2.67%. This indicates that VMGIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.