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 0.91, 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
Key characteristics
VMGIX:
0.48
SPY:
0.54
VMGIX:
0.81
SPY:
0.90
VMGIX:
1.11
SPY:
1.13
VMGIX:
0.48
SPY:
0.58
VMGIX:
1.76
SPY:
2.32
VMGIX:
5.96%
SPY:
4.69%
VMGIX:
21.78%
SPY:
20.01%
VMGIX:
-60.20%
SPY:
-55.19%
VMGIX:
-9.30%
SPY:
-8.61%
Returns By Period
In the year-to-date period, VMGIX achieves a -1.17% return, which is significantly higher than SPY's -4.42% return. Over the past 10 years, VMGIX has underperformed SPY with an annualized return of 9.44%, while SPY has yielded a comparatively higher 12.16% annualized return.
VMGIX
-1.17%
1.76%
2.94%
12.86%
12.57%
9.44%
SPY
-4.42%
-0.45%
-1.16%
13.04%
16.32%
12.16%
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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 0.58%, less than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.58% | 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 | 1.28% | 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) and SPDR S&P 500 ETF (SPY) have volatilities of 14.90% and 15.00%, 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.