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

Performance

VMIAX vs. VEMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
5.71%
18.53%
VMIAX
VEMPX

Returns By Period

In the year-to-date period, VMIAX achieves a 11.43% return, which is significantly lower than VEMPX's 22.76% return. Over the past 10 years, VMIAX has underperformed VEMPX with an annualized return of 8.60%, while VEMPX has yielded a comparatively higher 10.06% annualized return.


VMIAX

YTD

11.43%

1M

-1.05%

6M

5.71%

1Y

20.16%

5Y (annualized)

12.14%

10Y (annualized)

8.60%

VEMPX

YTD

22.76%

1M

8.23%

6M

18.53%

1Y

38.08%

5Y (annualized)

11.89%

10Y (annualized)

10.06%

Key characteristics


VMIAXVEMPX
Sharpe Ratio1.422.17
Sortino Ratio1.992.96
Omega Ratio1.251.37
Calmar Ratio2.401.58
Martin Ratio6.6512.20
Ulcer Index3.06%3.19%
Daily Std Dev14.30%17.95%
Max Drawdown-62.17%-41.62%
Current Drawdown-2.79%-0.64%

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VMIAX vs. VEMPX - Expense Ratio Comparison

VMIAX has a 0.10% expense ratio, which is higher than VEMPX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VMIAX
Vanguard Materials Index Fund Admiral Shares
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%
Expense ratio chart for VEMPX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.00.8

The correlation between VMIAX and VEMPX is 0.82, 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. VEMPX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX). 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 1.42, compared to the broader market-1.000.001.002.003.004.005.001.422.17
The chart of Sortino ratio for VMIAX, currently valued at 1.99, compared to the broader market0.005.0010.001.992.96
The chart of Omega ratio for VMIAX, currently valued at 1.25, compared to the broader market1.002.003.004.001.251.37
The chart of Calmar ratio for VMIAX, currently valued at 2.40, compared to the broader market0.005.0010.0015.0020.002.401.58
The chart of Martin ratio for VMIAX, currently valued at 6.65, compared to the broader market0.0020.0040.0060.0080.00100.006.6512.20
VMIAX
VEMPX

The current VMIAX Sharpe Ratio is 1.42, which is lower than the VEMPX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of VMIAX and VEMPX, 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 Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.42
2.17
VMIAX
VEMPX

Dividends

VMIAX vs. VEMPX - Dividend Comparison

VMIAX's dividend yield for the trailing twelve months is around 1.54%, more than VEMPX's 1.10% yield.


TTM20232022202120202019201820172016201520142013
VMIAX
Vanguard Materials Index Fund Admiral Shares
1.54%1.72%1.98%1.44%1.67%1.94%2.02%1.63%1.67%2.31%1.76%1.83%
VEMPX
Vanguard Extended Market Index Fund Institutional Plus Shares
1.10%1.28%1.17%1.15%1.09%1.32%1.68%1.27%1.46%1.39%1.36%1.17%

Drawdowns

VMIAX vs. VEMPX - Drawdown Comparison

The maximum VMIAX drawdown since its inception was -62.17%, which is greater than VEMPX's maximum drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for VMIAX and VEMPX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.79%
-0.64%
VMIAX
VEMPX

Volatility

VMIAX vs. VEMPX - Volatility Comparison

The current volatility for Vanguard Materials Index Fund Admiral Shares (VMIAX) is 4.18%, while Vanguard Extended Market Index Fund Institutional Plus Shares (VEMPX) has a volatility of 6.21%. This indicates that VMIAX experiences smaller price fluctuations and is considered to be less risky than VEMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.18%
6.21%
VMIAX
VEMPX