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.
Correlation
The correlation between VMGIX and SPY is 0.90, 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
Key characteristics
VMGIX:
1.38
SPY:
1.88
VMGIX:
1.90
SPY:
2.53
VMGIX:
1.24
SPY:
1.35
VMGIX:
1.25
SPY:
2.83
VMGIX:
6.93
SPY:
11.74
VMGIX:
2.98%
SPY:
2.02%
VMGIX:
14.98%
SPY:
12.64%
VMGIX:
-60.20%
SPY:
-55.19%
VMGIX:
-2.64%
SPY:
-0.42%
Returns By Period
In the year-to-date period, VMGIX achieves a 6.09% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, VMGIX has underperformed SPY with an annualized return of 10.42%, while SPY has yielded a comparatively higher 13.18% annualized return.
VMGIX
6.09%
-0.46%
15.41%
21.89%
10.52%
10.42%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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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 Rank
VMGIX
SPY
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 0.53%, less than SPY's 1.16% 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% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 3.97% compared to SPDR S&P 500 ETF (SPY) at 2.93%. 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.