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.
Key characteristics
| VMGIX | VGT | |
|---|---|---|
| YTD Return | 14.04% | 26.76% |
| 1Y Return | 38.71% | 51.83% |
| 3Y Return (Ann) | -0.41% | 12.94% |
| 5Y Return (Ann) | 11.23% | 23.35% |
| 10Y Return (Ann) | 10.38% | 21.01% |
| Sharpe Ratio | 2.64 | 2.58 |
| Sortino Ratio | 3.54 | 3.18 |
| Omega Ratio | 1.46 | 1.44 |
| Calmar Ratio | 1.25 | 3.49 |
| Martin Ratio | 15.61 | 12.68 |
| Ulcer Index | 2.48% | 4.19% |
| Daily Std Dev | 14.70% | 20.62% |
| Max Drawdown | -60.20% | -54.63% |
| Current Drawdown | -4.40% | 0.00% |
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.
Performance
VMGIX vs. VGT - Performance Comparison
In the year-to-date period, VMGIX achieves a 14.04% return, which is significantly lower than VGT's 26.76% return. Over the past 10 years, VMGIX has underperformed VGT with an annualized return of 10.38%, while VGT has yielded a comparatively higher 21.01% 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. 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%.
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 0.60%, less than VGT'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% |
VGT Vanguard Information Technology ETF | 0.61% | 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 2.93%, while Vanguard Information Technology ETF (VGT) has a volatility of 4.89%. 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.