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:
0.11
VOO:
0.33
VMGIX:
0.31
VOO:
0.60
VMGIX:
1.04
VOO:
1.09
VMGIX:
0.11
VOO:
0.33
VMGIX:
0.47
VOO:
1.63
VMGIX:
5.07%
VOO:
3.74%
VMGIX:
21.08%
VOO:
18.30%
VMGIX:
-60.20%
VOO:
-33.99%
VMGIX:
-14.11%
VOO:
-11.15%
Returns By Period
In the year-to-date period, VMGIX achieves a -6.41% return, which is significantly higher than VOO's -7.05% return. Over the past 10 years, VMGIX has underperformed VOO with an annualized return of 8.75%, while VOO has yielded a comparatively higher 11.98% annualized return.
VMGIX
-6.41%
-1.90%
-3.48%
2.10%
12.04%
8.75%
VOO
-7.05%
-2.85%
-5.28%
5.98%
16.13%
11.98%
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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 Rank
VMGIX
VOO
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 0.61%, less than VOO's 1.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGIX Vanguard Mid-Cap Growth Index Fund | 0.61% | 0.56% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% | 0.64% |
VOO Vanguard S&P 500 ETF | 1.40% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
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 14.33% compared to Vanguard S&P 500 ETF (VOO) at 12.91%. 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.