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VMIAX vs. INDEX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VMIAXINDEX
YTD Return10.28%26.64%
1Y Return24.48%38.76%
3Y Return (Ann)3.53%7.65%
5Y Return (Ann)11.54%13.37%
Sharpe Ratio1.673.09
Sortino Ratio2.344.16
Omega Ratio1.291.59
Calmar Ratio1.933.26
Martin Ratio8.1720.73
Ulcer Index2.97%1.86%
Daily Std Dev14.55%12.45%
Max Drawdown-62.17%-38.82%
Current Drawdown-3.79%-0.28%

Correlation

-0.50.00.51.00.9

The correlation between VMIAX and INDEX is 0.86, 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

VMIAX vs. INDEX - Performance Comparison

In the year-to-date period, VMIAX achieves a 10.28% return, which is significantly lower than INDEX's 26.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
3.06%
14.67%
VMIAX
INDEX

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VMIAX vs. INDEX - Expense Ratio Comparison

VMIAX has a 0.10% expense ratio, which is lower than INDEX's 0.25% 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%.


INDEX
Index Funds S&P 500 Equal Weight
Expense ratio chart for INDEX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for VMIAX: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

Risk-Adjusted Performance

VMIAX vs. INDEX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials Index Fund Admiral Shares (VMIAX) and Index Funds S&P 500 Equal Weight (INDEX). 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.


VMIAX
Sharpe ratio
The chart of Sharpe ratio for VMIAX, currently valued at 1.67, compared to the broader market0.002.004.001.67
Sortino ratio
The chart of Sortino ratio for VMIAX, currently valued at 2.34, compared to the broader market0.005.0010.002.34
Omega ratio
The chart of Omega ratio for VMIAX, currently valued at 1.29, compared to the broader market1.002.003.004.001.29
Calmar ratio
The chart of Calmar ratio for VMIAX, currently valued at 1.93, compared to the broader market0.005.0010.0015.0020.001.93
Martin ratio
The chart of Martin ratio for VMIAX, currently valued at 8.17, compared to the broader market0.0020.0040.0060.0080.00100.008.17
INDEX
Sharpe ratio
The chart of Sharpe ratio for INDEX, currently valued at 3.09, compared to the broader market0.002.004.003.09
Sortino ratio
The chart of Sortino ratio for INDEX, currently valued at 4.16, compared to the broader market0.005.0010.004.16
Omega ratio
The chart of Omega ratio for INDEX, currently valued at 1.59, compared to the broader market1.002.003.004.001.59
Calmar ratio
The chart of Calmar ratio for INDEX, currently valued at 3.26, compared to the broader market0.005.0010.0015.0020.003.26
Martin ratio
The chart of Martin ratio for INDEX, currently valued at 20.73, compared to the broader market0.0020.0040.0060.0080.00100.0020.73

VMIAX vs. INDEX - Sharpe Ratio Comparison

The current VMIAX Sharpe Ratio is 1.67, which is lower than the INDEX Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of VMIAX and INDEX, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.67
3.09
VMIAX
INDEX

Dividends

VMIAX vs. INDEX - Dividend Comparison

VMIAX's dividend yield for the trailing twelve months is around 1.56%, more than INDEX's 1.24% yield.


TTM20232022202120202019201820172016201520142013
VMIAX
Vanguard Materials Index Fund Admiral Shares
1.56%1.72%1.98%1.44%1.67%1.94%2.02%1.63%1.67%2.31%1.76%1.83%
INDEX
Index Funds S&P 500 Equal Weight
1.24%1.56%1.21%1.09%1.53%1.61%1.82%1.15%1.15%1.19%0.00%0.00%

Drawdowns

VMIAX vs. INDEX - Drawdown Comparison

The maximum VMIAX drawdown since its inception was -62.17%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for VMIAX and INDEX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.79%
-0.28%
VMIAX
INDEX

Volatility

VMIAX vs. INDEX - Volatility Comparison

Vanguard Materials Index Fund Admiral Shares (VMIAX) and Index Funds S&P 500 Equal Weight (INDEX) have volatilities of 4.03% and 3.85%, 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.03%
3.85%
VMIAX
INDEX