VMGMX vs. VHT
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Health Care ETF (VHT).
VMGMX is managed by Vanguard. It was launched on Sep 27, 2011. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004.
Performance
VMGMX vs. VHT - Performance Comparison
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VMGMX vs. VHT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | -7.61% | 10.69% | 15.65% | 23.93% | -28.84% | 20.48% | 34.45% | 33.85% | -5.61% | 21.83% |
VHT Vanguard Health Care ETF | -4.28% | 15.46% | 2.66% | 2.52% | -5.60% | 20.57% | 18.29% | 21.87% | 5.58% | 23.26% |
Returns By Period
In the year-to-date period, VMGMX achieves a -7.61% return, which is significantly lower than VHT's -4.28% return. Over the past 10 years, VMGMX has outperformed VHT with an annualized return of 10.62%, while VHT has yielded a comparatively lower 9.80% annualized return.
VMGMX
- 1D
- 3.15%
- 1M
- -7.31%
- YTD
- -7.61%
- 6M
- -12.10%
- 1Y
- 5.25%
- 3Y*
- 10.47%
- 5Y*
- 4.04%
- 10Y*
- 10.62%
VHT
- 1D
- 0.80%
- 1M
- -5.87%
- YTD
- -4.28%
- 6M
- 3.91%
- 1Y
- 7.48%
- 3Y*
- 6.44%
- 5Y*
- 5.25%
- 10Y*
- 9.80%
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VMGMX vs. VHT - Expense Ratio Comparison
VMGMX has a 0.07% expense ratio, which is lower than VHT's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VMGMX vs. VHT — Risk / Return Rank
VMGMX
VHT
VMGMX vs. VHT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Health Care ETF (VHT). 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.
| VMGMX | VHT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 0.43 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.55 | 0.71 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.09 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.53 | -0.14 |
Martin ratioReturn relative to average drawdown | 1.21 | 1.25 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMGMX | VHT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.43 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.36 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.58 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.56 | +0.03 |
Correlation
The correlation between VMGMX and VHT is 0.73, 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.
Dividends
VMGMX vs. VHT - Dividend Comparison
VMGMX's dividend yield for the trailing twelve months is around 0.71%, less than VHT's 1.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.71% | 0.64% | 0.67% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% |
VHT Vanguard Health Care ETF | 1.71% | 1.61% | 1.53% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% |
Drawdowns
VMGMX vs. VHT - Drawdown Comparison
The maximum VMGMX drawdown since its inception was -37.17%, roughly equal to the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for VMGMX and VHT.
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Drawdown Indicators
| VMGMX | VHT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.17% | -39.12% | +1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -15.95% | -10.40% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -37.17% | -17.71% | -19.46% |
Max Drawdown (10Y)Largest decline over 10 years | -37.17% | -28.85% | -8.32% |
Current DrawdownCurrent decline from peak | -13.31% | -7.31% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -5.98% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 4.42% | +0.69% |
Volatility
VMGMX vs. VHT - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has a higher volatility of 6.47% compared to Vanguard Health Care ETF (VHT) at 5.14%. This indicates that VMGMX's price experiences larger fluctuations and is considered to be riskier than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMGMX | VHT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 5.14% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 10.08% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 17.61% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 14.85% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.93% | 16.94% | +3.99% |