VMGRX vs. VITAX

Last updated Aug 4, 2026

VMGRX (Vanguard Mid-Cap Growth Fund) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both mutual funds - VMGRX is a Mid Cap Growth Equities fund managed by Vanguard, while VITAX is a Technology Equities fund tracking the MSCI US Investable Market Information Technology 25/50 Index. Over the past 10 years, VMGRX returned 9.56%/yr vs 24.06%/yr for VITAX. Their correlation of 0.86 means they have usually moved in the same direction. VMGRX charges 0.33%/yr vs 0.09%/yr for VITAX.

Performance

VMGRX vs. VITAX - Performance Comparison

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

Returns By Period

In the year-to-date period, VMGRX achieves a -2.94% return, which is significantly lower than VITAX's 20.41% return. Over the past 10 years, VMGRX has underperformed VITAX with an annualized return of 9.56%, while VITAX has yielded a comparatively higher 24.06% annualized return.

VMGRX

• 1D: -0.54%
• 1M: -6.80%
• 6M: 0.00%
• YTD: -2.94%
• 1Y: -0.29%
• 3Y*: 8.59%
• 5Y*: 1.18%
• 10Y*: 9.56%
• ALL TIME*: 8.37%

VITAX

• 1D: -0.37%
• 1M: -1.37%
• 6M: 20.46%
• YTD: 20.41%
• 1Y: 34.82%
• 3Y*: 26.49%
• 5Y*: 17.82%
• 10Y*: 24.06%
• ALL TIME*: 14.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VITAX Vanguard Information Technology Index Fund Admiral Shares	$0.00	$0.00	$0.00
VMGRX Vanguard Mid-Cap Growth Fund	$0.00	$0.00	$0.00

VMGRX vs. VITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VMGRX Vanguard Mid-Cap Growth Fund	-2.94%	8.80%	17.73%	24.15%	-30.13%	9.21%	33.40%	32.06%	-3.52%	21.60%
VITAX Vanguard Information Technology Index Fund Admiral Shares	20.41%	21.78%	29.26%	52.69%	-29.67%	30.36%	45.93%	48.72%	2.51%	37.07%

Correlation

The correlation between VMGRX and VITAX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.86

The correlation between VMGRX and VITAX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

VMGRX vs. VITAX - Sectors Allocation Comparison

Sectors	VMGRX	VITAX
Technology	25.5%	98.6%
Consumer Cyclical	22.2%	0.1%
Industrials	17.9%	0.4%
Communication Services	15.3%	0.5%
Healthcare	8.1%	0.0%
Financial Services	4.2%	0.5%
Energy	3.3%	0.3%
Consumer Defensive	3.2%	-
Utilities	2.0%	-
Real Estate	1.6%	-
Basic Materials	1.4%	0.0%

Return for Risk

VMGRX vs. VITAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VMGRX

VMGRX Risk / Return Rank: 3
VMGRX Sharpe Ratio Rank: 3
VMGRX Sortino Ratio Rank: 4
VMGRX Omega Ratio Rank: 4
VMGRX Calmar Ratio Rank: 3
VMGRX Martin Ratio Rank: 3

VITAX

VITAX Risk / Return Rank: 40
VITAX Sharpe Ratio Rank: 41
VITAX Sortino Ratio Rank: 38
VITAX Omega Ratio Rank: 37
VITAX Calmar Ratio Rank: 47
VITAX Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VMGRX vs. VITAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Fund (VMGRX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.

	VMGRX	VITAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.31	-1.39
Sortino ratio: Return per unit of downside risk	0.03	1.82	-1.79
Omega ratio: Gain probability vs. loss probability	1.00	1.23	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.09	1.95	-2.03
Martin ratio: Return relative to average drawdown	-0.27	5.24	-5.50

VMGRX vs. VITAX - Sharpe Ratio Comparison

The current VMGRX Sharpe Ratio is -0.08, which is lower than the VITAX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of VMGRX and VITAX, 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

VMGRX vs. VITAX - Drawdown Comparison

The maximum VMGRX drawdown since its inception was -71.74%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VMGRX and VITAX.

Drawdown Indicators

	VMGRX	VITAX	Difference
Max Drawdown Largest peak-to-trough decline	-71.74%	-54.81%	-16.93%
Max Drawdown (1Y) Largest decline over 1 year	-19.09%	-16.38%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-26.85%	-27.38%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-39.71%	-35.10%	-4.61%
Max Drawdown (10Y) Largest decline over 10 years	-39.71%	-35.10%	-4.61%
Current Drawdown Current decline from peak	-8.71%	-9.91%	+1.20%
Average Drawdown Average peak-to-trough decline	-24.38%	-8.01%	-16.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.39%	6.08%	+0.31%

Volatility

VMGRX vs. VITAX - Volatility Comparison

The current volatility for Vanguard Mid-Cap Growth Fund (VMGRX) is 7.34%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 8.42%. This indicates that VMGRX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VMGRX	VITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	8.42%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	17.69%	20.17%	-2.48%
Volatility (1Y) Calculated over the trailing 1-year period	21.23%	24.34%	-3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.60%	26.03%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.42%	25.12%	-2.70%

VMGRX vs. VITAX - Expense Ratio Comparison

VMGRX has a 0.33% expense ratio, which is higher than VITAX's 0.09% expense ratio.

Dividends

VMGRX vs. VITAX - Dividend Comparison

VMGRX's dividend yield for the trailing twelve months is around 18.28%, more than VITAX's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.38%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
VMGRX Vanguard Mid-Cap Growth Fund	18.28%	17.74%	1.80%	0.39%	0.26%	34.53%	6.30%	10.43%	14.53%	3.13%	0.67%	8.20%

Frequently Asked Questions

Can I hold both VMGRX and VITAX in my portfolio?

VMGRX and VITAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMGRX or VITAX?

VITAX has higher volatility (8.42%) compared to VMGRX (7.34%). In terms of maximum drawdown, VMGRX dropped -71.74% vs VITAX's -54.81%.

Which has better risk-adjusted returns?

VITAX currently has the higher Sharpe Ratio (1.31 vs -0.08), 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.