PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
VMIAX vs. INDEX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VMIAX vs. INDEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Materials Index Fund Admiral Shares (VMIAX) and Index Funds S&P 500 Equal Weight (INDEX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.42%
12.08%
VMIAX
INDEX

Returns By Period

In the year-to-date period, VMIAX achieves a 10.02% return, which is significantly lower than INDEX's 25.24% return.


VMIAX

YTD

10.02%

1M

-3.14%

6M

3.42%

1Y

18.82%

5Y (annualized)

11.86%

10Y (annualized)

8.43%

INDEX

YTD

25.24%

1M

1.13%

6M

12.08%

1Y

31.84%

5Y (annualized)

13.06%

10Y (annualized)

N/A

Key characteristics


VMIAXINDEX
Sharpe Ratio1.342.58
Sortino Ratio1.893.46
Omega Ratio1.231.48
Calmar Ratio2.213.77
Martin Ratio6.2516.87
Ulcer Index3.05%1.87%
Daily Std Dev14.25%12.24%
Max Drawdown-62.17%-38.82%
Current Drawdown-4.02%-1.38%

Compare stocks, funds, or ETFs

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%

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.

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.


Sharpe ratio
The chart of Sharpe ratio for VMIAX, currently valued at 1.34, compared to the broader market-1.000.001.002.003.004.005.001.342.58
The chart of Sortino ratio for VMIAX, currently valued at 1.89, compared to the broader market0.005.0010.001.893.46
The chart of Omega ratio for VMIAX, currently valued at 1.23, compared to the broader market1.002.003.004.001.231.48
The chart of Calmar ratio for VMIAX, currently valued at 2.21, compared to the broader market0.005.0010.0015.0020.0025.002.213.77
The chart of Martin ratio for VMIAX, currently valued at 6.25, compared to the broader market0.0020.0040.0060.0080.00100.006.2516.87
VMIAX
INDEX

The current VMIAX Sharpe Ratio is 1.34, which is lower than the INDEX Sharpe Ratio of 2.58. 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
1.34
2.58
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 1.25% 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
1.25%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
-4.02%
-1.38%
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 3.96% and 4.06%, 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
3.96%
4.06%
VMIAX
INDEX