VMGMX vs. VTIAX

Last updated Jun 26, 2026

VMGMX (Vanguard Mid-Cap Growth Index Fund Admiral Shares) and VTIAX (Vanguard Total International Stock Index Fund Admiral Shares) are both mutual funds - VMGMX is a Mid Cap Growth Equities fund tracking the CRSP US Mid Cap Growth Index, while VTIAX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, VMGMX returned 12.53%/yr vs 10.13%/yr for VTIAX. A 0.75 correlation means they provide meaningful diversification when combined. VMGMX charges 0.07%/yr vs 0.09%/yr for VTIAX.

Performance

VMGMX vs. VTIAX - 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 Total International Stock Index Fund Admiral Shares (VTIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMGMX achieves a 8.17% return, which is significantly lower than VTIAX's 12.32% return. Over the past 10 years, VMGMX has outperformed VTIAX with an annualized return of 12.53%, while VTIAX has yielded a comparatively lower 10.13% annualized return.

VMGMX

• 1D: 0.33%
• 1M: 2.42%
• YTD: 8.17%
• 6M: 6.07%
• 1Y: 9.21%
• 3Y*: 15.79%
• 5Y*: 5.71%
• 10Y*: 12.53%

VTIAX

• 1D: -0.02%
• 1M: -1.54%
• YTD: 12.32%
• 6M: 12.18%
• 1Y: 27.68%
• 3Y*: 18.80%
• 5Y*: 8.19%
• 10Y*: 10.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VMGMX vs. VTIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares	8.17%	10.69%	15.65%	23.93%	-28.84%	20.48%	34.45%	33.85%	-5.61%	21.83%
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	12.32%	32.18%	5.34%	15.28%	-16.02%	8.59%	11.27%	21.52%	-14.46%	27.54%

Correlation

The correlation between VMGMX and VTIAX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011	0.75

The correlation between VMGMX and VTIAX has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

VMGMX vs. VTIAX - Sectors Allocation Comparison

Sectors	VMGMX	VTIAX
Technology	32.5%	18.1%
Industrials	23.2%	16.1%
Consumer Cyclical	12.8%	8.4%
Healthcare	8.9%	7.1%
Financial Services	6.9%	22.3%
Real Estate	4.5%	2.6%
Communication Services	3.6%	4.4%
Utilities	3.2%	3.2%
Energy	1.9%	5.2%
Basic Materials	1.6%	7.6%
Consumer Defensive	0.8%	5.0%

Return for Risk

VMGMX vs. VTIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMGMX

VMGMX Risk / Return Rank: 8
VMGMX Sharpe Ratio Rank: 8
VMGMX Sortino Ratio Rank: 8
VMGMX Omega Ratio Rank: 8
VMGMX Calmar Ratio Rank: 7
VMGMX Martin Ratio Rank: 8

VTIAX

VTIAX Risk / Return Rank: 52
VTIAX Sharpe Ratio Rank: 53
VTIAX Sortino Ratio Rank: 48
VTIAX Omega Ratio Rank: 55
VTIAX Calmar Ratio Rank: 52
VTIAX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VMGMX vs. VTIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Total International Stock Index Fund Admiral Shares (VTIAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VMGMX	VTIAX	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.80	-1.29
Sortino ratio: Return per unit of downside risk	0.82	2.44	-1.62
Omega ratio: Gain probability vs. loss probability	1.10	1.34	-0.24
Calmar ratio: Return relative to maximum drawdown	0.54	2.44	-1.90
Martin ratio: Return relative to average drawdown	1.62	9.44	-7.82

VMGMX vs. VTIAX - Sharpe Ratio Comparison

The current VMGMX Sharpe Ratio is 0.51, which is lower than the VTIAX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of VMGMX and VTIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VMGMX vs. VTIAX - Drawdown Comparison

The maximum VMGMX drawdown since its inception was -37.17%, roughly equal to the maximum VTIAX drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for VMGMX and VTIAX.

Drawdown Indicators

	VMGMX	VTIAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.17%	-35.83%	-1.34%
Max Drawdown (1Y) Largest decline over 1 year	-15.95%	-11.28%	-4.67%
Max Drawdown (3Y) Largest decline over 3 years	-21.65%	-13.13%	-8.52%
Max Drawdown (5Y) Largest decline over 5 years	-37.17%	-29.52%	-7.65%
Max Drawdown (10Y) Largest decline over 10 years	-37.17%	-35.83%	-1.34%
Current Drawdown Current decline from peak	-1.78%	-3.02%	+1.24%
Average Drawdown Average peak-to-trough decline	-7.00%	-8.05%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	2.91%	+2.43%

Volatility

VMGMX vs. VTIAX - Volatility Comparison

Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) and Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) have volatilities of 7.07% and 6.80%, 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.

Volatility by Period

	VMGMX	VTIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	6.80%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	13.77%	13.39%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	15.38%	+1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.59%	15.27%	+6.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.04%	15.82%	+5.22%

VMGMX vs. VTIAX - Expense Ratio Comparison

VMGMX has a 0.07% expense ratio, which is lower than VTIAX's 0.09% 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%.

Dividends

VMGMX vs. VTIAX - Dividend Comparison

VMGMX's dividend yield for the trailing twelve months is around 0.61%, less than VTIAX's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares	0.61%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.82%
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	2.56%	3.15%	3.33%	3.22%	3.04%	3.05%	2.10%	3.04%	3.16%	2.73%	2.93%	2.84%

Frequently Asked Questions

Can I hold both VMGMX and VTIAX in my portfolio?

VMGMX and VTIAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMGMX or VTIAX?

VMGMX has higher volatility (7.07%) compared to VTIAX (6.80%). In terms of maximum drawdown, VMGMX dropped -37.17% vs VTIAX's -35.83%.

Which has better risk-adjusted returns?

VTIAX currently has the higher Sharpe Ratio (1.80 vs 0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.