VMGMX vs. VOT
Compare and contrast key facts about Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Mid-Cap Growth ETF (VOT).
VMGMX is managed by Vanguard. It was launched on Sep 27, 2011. VOT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Mid Cap Growth Index. It was launched on Aug 17, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGMX or VOT.
Key characteristics
| VMGMX | VOT | |
|---|---|---|
| YTD Return | 9.93% | 9.99% |
| 1Y Return | 22.25% | 22.36% |
| 3Y Return (Ann) | 0.46% | 0.47% |
| 5Y Return (Ann) | 10.69% | 10.73% |
| 10Y Return (Ann) | 10.33% | 10.34% |
| Sharpe Ratio | 1.38 | 1.38 |
| Daily Std Dev | 15.66% | 15.64% |
| Max Drawdown | -37.17% | -60.17% |
| Current Drawdown | -7.60% | -7.61% |
Correlation
The correlation between VMGMX and VOT is 1.00, 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. VOT - Performance Comparison
The year-to-date returns for both investments are quite close, with VMGMX having a 9.93% return and VOT slightly higher at 9.99%. Both investments have delivered pretty close results over the past 10 years, with VMGMX having a 10.33% annualized return and VOT not far ahead at 10.34%. 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. VOT - Expense Ratio Comparison
Both VMGMX and VOT 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. VOT - 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 Growth ETF (VOT). 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. VOT - Dividend Comparison
VMGMX's dividend yield for the trailing twelve months is around 0.56%, less than VOT's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.56% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% | 0.79% | 0.61% |
VOT Vanguard Mid-Cap Growth ETF | 0.69% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.81% | 0.79% | 0.61% |
Drawdowns
VMGMX vs. VOT - Drawdown Comparison
The maximum VMGMX drawdown since its inception was -37.17%, smaller than the maximum VOT drawdown of -60.17%. Use the drawdown chart below to compare losses from any high point for VMGMX and VOT. For additional features, visit the drawdowns tool.
Volatility
VMGMX vs. VOT - Volatility Comparison
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Mid-Cap Growth ETF (VOT) have volatilities of 4.71% and 4.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.