VMGIX vs. VOO
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard S&P 500 ETF (VOO).
VMGIX is managed by Vanguard. It was launched on Aug 17, 2006. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGIX or VOO.
Correlation
The correlation between VMGIX and VOO 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. VOO - Performance Comparison
Key characteristics
VMGIX:
1.27
VOO:
2.22
VMGIX:
1.77
VOO:
2.95
VMGIX:
1.23
VOO:
1.42
VMGIX:
1.01
VOO:
3.27
VMGIX:
7.18
VOO:
14.57
VMGIX:
2.67%
VOO:
1.90%
VMGIX:
15.06%
VOO:
12.47%
VMGIX:
-60.20%
VOO:
-33.99%
VMGIX:
-5.97%
VOO:
-1.77%
Returns By Period
In the year-to-date period, VMGIX achieves a 18.22% return, which is significantly lower than VOO's 26.92% return. Over the past 10 years, VMGIX has underperformed VOO with an annualized return of 10.34%, while VOO has yielded a comparatively higher 13.12% annualized return.
VMGIX
18.22%
-3.80%
12.28%
18.57%
10.84%
10.34%
VOO
26.92%
0.27%
10.43%
27.36%
14.95%
13.12%
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VMGIX vs. VOO - Expense Ratio Comparison
VMGIX has a 0.19% expense ratio, which is higher than VOO's 0.03% 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VMGIX's dividend yield for the trailing twelve months is around 0.38%, less than VOO's 1.23% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Vanguard Mid-Cap Growth Index Fund | 0.38% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% | 0.48% |
Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VMGIX vs. VOO - Drawdown Comparison
The maximum VMGIX drawdown since its inception was -60.20%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VMGIX and VOO. For additional features, visit the drawdowns tool.
Volatility
VMGIX vs. VOO - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund (VMGIX) has a higher volatility of 5.50% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that VMGIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.