VMGIX vs. VGT
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard Information Technology ETF (VGT).
VMGIX is managed by Vanguard. It was launched on Aug 17, 2006. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGIX or VGT.
Performance
VMGIX vs. VGT - Performance Comparison
Returns By Period
In the year-to-date period, VMGIX achieves a 21.28% return, which is significantly lower than VGT's 28.63% return. Over the past 10 years, VMGIX has underperformed VGT with an annualized return of 10.70%, while VGT has yielded a comparatively higher 20.73% annualized return.
VMGIX
21.28%
6.64%
14.95%
32.17%
12.13%
10.70%
VGT
28.63%
2.11%
15.02%
35.48%
22.76%
20.73%
Key characteristics
| VMGIX | VGT | |
|---|---|---|
| Sharpe Ratio | 2.23 | 1.71 |
| Sortino Ratio | 3.01 | 2.24 |
| Omega Ratio | 1.39 | 1.31 |
| Calmar Ratio | 1.42 | 2.36 |
| Martin Ratio | 13.02 | 8.49 |
| Ulcer Index | 2.52% | 4.24% |
| Daily Std Dev | 14.66% | 20.98% |
| Max Drawdown | -60.20% | -54.63% |
| Current Drawdown | 0.00% | -1.01% |
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VMGIX vs. VGT - Expense Ratio Comparison
VMGIX has a 0.19% expense ratio, which is higher than VGT's 0.10% 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%.
Correlation
The correlation between VMGIX and VGT 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.
Risk-Adjusted Performance
VMGIX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.56%, less than VGT's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.56% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% | 0.48% |
VGT Vanguard Information Technology ETF | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
VMGIX vs. VGT - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for VMGIX and VGT. For additional features, visit the drawdowns tool.
Volatility
VMGIX vs. VGT - Volatility Comparison
The current volatility for Vanguard Mid-Cap Growth Index Fund (VMGIX) is 4.78%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.47%. This indicates that VMGIX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.