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VMGMX vs. VMVAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VMGMX vs. VMVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
15.02%
14.92%
VMGMX
VMVAX

Returns By Period

The year-to-date returns for both stocks are quite close, with VMGMX having a 21.42% return and VMVAX slightly lower at 21.26%. Over the past 10 years, VMGMX has outperformed VMVAX with an annualized return of 10.83%, while VMVAX has yielded a comparatively lower 9.23% annualized return.


VMGMX

YTD

21.42%

1M

6.65%

6M

15.02%

1Y

32.34%

5Y (annualized)

12.27%

10Y (annualized)

10.83%

VMVAX

YTD

21.26%

1M

2.98%

6M

14.92%

1Y

30.85%

5Y (annualized)

10.90%

10Y (annualized)

9.23%

Key characteristics


VMGMXVMVAX
Sharpe Ratio2.252.68
Sortino Ratio3.023.71
Omega Ratio1.391.47
Calmar Ratio1.443.70
Martin Ratio13.1316.26
Ulcer Index2.51%1.94%
Daily Std Dev14.66%11.77%
Max Drawdown-37.17%-43.07%
Current Drawdown0.00%0.00%

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VMGMX vs. VMVAX - Expense Ratio Comparison

Both VMGMX and VMVAX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


VMGMX
Vanguard Mid-Cap Growth Index Fund Admiral Shares
Expense ratio chart for VMGMX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for VMVAX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Correlation

-0.50.00.51.00.8

The correlation between VMGMX and VMVAX is 0.83, 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. VMVAX - 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 Mid-Cap Value Index Fund Admiral Shares (VMVAX). 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.


Sharpe ratio
The chart of Sharpe ratio for VMGMX, currently valued at 2.25, compared to the broader market-1.000.001.002.003.004.005.002.252.68
The chart of Sortino ratio for VMGMX, currently valued at 3.02, compared to the broader market0.005.0010.003.023.71
The chart of Omega ratio for VMGMX, currently valued at 1.39, compared to the broader market1.002.003.004.001.391.47
The chart of Calmar ratio for VMGMX, currently valued at 1.44, compared to the broader market0.005.0010.0015.0020.0025.001.443.70
The chart of Martin ratio for VMGMX, currently valued at 13.13, compared to the broader market0.0020.0040.0060.0080.00100.0013.1316.26
VMGMX
VMVAX

The current VMGMX Sharpe Ratio is 2.25, which is comparable to the VMVAX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of VMGMX and VMVAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.25
2.68
VMGMX
VMVAX

Dividends

VMGMX vs. VMVAX - Dividend Comparison

VMGMX's dividend yield for the trailing twelve months is around 0.66%, less than VMVAX's 2.04% yield.


TTM20232022202120202019201820172016201520142013
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%
VMVAX
Vanguard Mid-Cap Value Index Fund Admiral Shares
2.04%2.27%2.27%1.78%2.36%2.05%2.75%1.86%1.91%2.04%1.67%1.54%

Drawdowns

VMGMX vs. VMVAX - Drawdown Comparison

The maximum VMGMX drawdown since its inception was -37.17%, smaller than the maximum VMVAX drawdown of -43.07%. Use the drawdown chart below to compare losses from any high point for VMGMX and VMVAX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
VMGMX
VMVAX

Volatility

VMGMX vs. VMVAX - Volatility Comparison

Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has a higher volatility of 4.78% compared to Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) at 3.60%. This indicates that VMGMX's price experiences larger fluctuations and is considered to be riskier than VMVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
4.78%
3.60%
VMGMX
VMVAX