VMGIX vs. VIIIX
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VMGIX is managed by Vanguard. It was launched on Aug 17, 2006. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGIX or VIIIX.
Performance
VMGIX vs. VIIIX - Performance Comparison
Returns By Period
In the year-to-date period, VMGIX achieves a 19.73% return, which is significantly lower than VIIIX's 25.20% return. Over the past 10 years, VMGIX has underperformed VIIIX with an annualized return of 10.61%, while VIIIX has yielded a comparatively higher 12.01% annualized return.
VMGIX
19.73%
4.65%
11.95%
31.06%
11.86%
10.61%
VIIIX
25.20%
1.18%
12.22%
30.29%
13.44%
12.01%
Key characteristics
| VMGIX | VIIIX | |
|---|---|---|
| Sharpe Ratio | 2.11 | 2.44 |
| Sortino Ratio | 2.86 | 3.28 |
| Omega Ratio | 1.37 | 1.45 |
| Calmar Ratio | 1.31 | 3.55 |
| Martin Ratio | 12.23 | 15.70 |
| Ulcer Index | 2.52% | 1.91% |
| Daily Std Dev | 14.62% | 12.30% |
| Max Drawdown | -60.20% | -55.18% |
| Current Drawdown | -1.04% | -1.35% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VMGIX vs. VIIIX - Expense Ratio Comparison
VMGIX has a 0.19% expense ratio, which is higher than VIIIX's 0.02% 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 VIIIX 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.
Risk-Adjusted Performance
VMGIX vs. VIIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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. VIIIX - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.57%, less than VIIIX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.57% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% | 0.48% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.27% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
VMGIX vs. VIIIX - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, which is greater than VIIIX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VMGIX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VMGIX vs. VIIIX - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund (VMGIX) has a higher volatility of 4.78% compared to Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) at 4.06%. This indicates that VMGIX's price experiences larger fluctuations and is considered to be riskier than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.