VMGMX vs. VMVAX
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX).
VMGMX is managed by Vanguard. It was launched on Sep 27, 2011. VMVAX is managed by Vanguard. It was launched on Sep 27, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGMX or VMVAX.
Key characteristics
| VMGMX | VMVAX | |
|---|---|---|
| YTD Return | 20.25% | 20.09% |
| 1Y Return | 33.01% | 30.90% |
| 3Y Return (Ann) | 0.76% | 6.92% |
| 5Y Return (Ann) | 12.13% | 10.60% |
| 10Y Return (Ann) | 10.92% | 9.36% |
| Sharpe Ratio | 2.50 | 2.90 |
| Sortino Ratio | 3.38 | 4.07 |
| Omega Ratio | 1.44 | 1.51 |
| Calmar Ratio | 1.54 | 3.70 |
| Martin Ratio | 14.90 | 18.13 |
| Ulcer Index | 2.49% | 1.93% |
| Daily Std Dev | 14.83% | 12.06% |
| Max Drawdown | -37.17% | -43.07% |
| Current Drawdown | -0.71% | -0.82% |
Correlation
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.
Performance
VMGMX vs. VMVAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VMGMX having a 20.25% return and VMVAX slightly lower at 20.09%. Over the past 10 years, VMGMX has outperformed VMVAX with an annualized return of 10.92%, while VMVAX has yielded a comparatively lower 9.36% 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. 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%.
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.
Dividends
VMGMX vs. VMVAX - Dividend Comparison
VMGMX's dividend yield for the trailing twelve months is around 0.67%, less than VMVAX's 2.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.67% | 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 | 2.06% | 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.
Volatility
VMGMX vs. VMVAX - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has a higher volatility of 4.53% compared to Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) at 3.53%. 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.