VMGMX vs. VIGAX
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Growth Index Fund Admiral Shares (VIGAX).
VMGMX is managed by Vanguard. It was launched on Sep 27, 2011. VIGAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGMX or VIGAX.
Performance
VMGMX vs. VIGAX - Performance Comparison
Returns By Period
In the year-to-date period, VMGMX achieves a 21.42% return, which is significantly lower than VIGAX's 30.41% return. Over the past 10 years, VMGMX has underperformed VIGAX with an annualized return of 10.83%, while VIGAX has yielded a comparatively higher 15.49% annualized return.
VMGMX
21.42%
6.65%
15.02%
32.34%
12.27%
10.83%
VIGAX
30.41%
2.57%
15.02%
35.85%
19.09%
15.49%
Key characteristics
| VMGMX | VIGAX | |
|---|---|---|
| Sharpe Ratio | 2.25 | 2.16 |
| Sortino Ratio | 3.02 | 2.82 |
| Omega Ratio | 1.39 | 1.40 |
| Calmar Ratio | 1.44 | 2.82 |
| Martin Ratio | 13.13 | 11.07 |
| Ulcer Index | 2.51% | 3.30% |
| Daily Std Dev | 14.66% | 16.88% |
| Max Drawdown | -37.17% | -50.66% |
| Current Drawdown | 0.00% | -1.20% |
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VMGMX vs. VIGAX - Expense Ratio Comparison
VMGMX has a 0.07% expense ratio, which is higher than VIGAX's 0.05% 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 VMGMX and VIGAX is 0.92, 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
VMGMX vs. VIGAX - 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 Growth Index Fund Admiral Shares (VIGAX). 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. VIGAX - Dividend Comparison
VMGMX's dividend yield for the trailing twelve months is around 0.66%, more than VIGAX's 0.48% 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% |
VIGAX Vanguard Growth Index Fund Admiral Shares | 0.48% | 0.57% | 0.69% | 0.47% | 0.66% | 0.94% | 1.31% | 1.14% | 1.39% | 1.31% | 1.21% | 1.19% |
Drawdowns
VMGMX vs. VIGAX - Drawdown Comparison
The maximum VMGMX drawdown since its inception was -37.17%, smaller than the maximum VIGAX drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for VMGMX and VIGAX. For additional features, visit the drawdowns tool.
Volatility
VMGMX vs. VIGAX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) is 4.78%, while Vanguard Growth Index Fund Admiral Shares (VIGAX) has a volatility of 5.24%. This indicates that VMGMX experiences smaller price fluctuations and is considered to be less risky than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.