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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGMX or VHT.
Key characteristics
| VMGMX | VHT | |
|---|---|---|
| YTD Return | 21.11% | 11.36% |
| 1Y Return | 38.17% | 22.74% |
| 3Y Return (Ann) | 1.00% | 3.68% |
| 5Y Return (Ann) | 12.57% | 10.76% |
| 10Y Return (Ann) | 11.00% | 10.06% |
| Sharpe Ratio | 2.69 | 2.17 |
| Sortino Ratio | 3.60 | 3.03 |
| Omega Ratio | 1.47 | 1.39 |
| Calmar Ratio | 1.52 | 1.86 |
| Martin Ratio | 16.05 | 9.90 |
| Ulcer Index | 2.49% | 2.36% |
| Daily Std Dev | 14.84% | 10.79% |
| Max Drawdown | -37.17% | -39.12% |
| Current Drawdown | 0.00% | -3.75% |
Correlation
The correlation between VMGMX and VHT is 0.75, 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
VMGMX vs. VHT - Performance Comparison
In the year-to-date period, VMGMX achieves a 21.11% return, which is significantly higher than VHT's 11.36% return. Over the past 10 years, VMGMX has outperformed VHT with an annualized return of 11.00%, while VHT has yielded a comparatively lower 10.06% 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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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%.
Risk-Adjusted Performance
VMGMX vs. VHT - Risk-Adjusted Performance 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.
Dividends
VMGMX vs. VHT - Dividend Comparison
VMGMX's dividend yield for the trailing twelve months is around 0.66%, less than VHT's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.66% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% | 0.79% | 0.61% |
VHT Vanguard Health Care ETF | 1.39% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
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. For additional features, visit the drawdowns tool.
Volatility
VMGMX vs. VHT - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has a higher volatility of 4.58% compared to Vanguard Health Care ETF (VHT) at 2.98%. 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.