VMIAX vs. VGYAX
Compare and contrast key facts about Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Global Wellesley Income Fund Admiral Shares (VGYAX).
VMIAX is managed by Vanguard. It was launched on Feb 11, 2004. VGYAX is managed by Vanguard. It was launched on Nov 2, 2017.
Performance
VMIAX vs. VGYAX - Performance Comparison
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VMIAX vs. VGYAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMIAX Vanguard Materials Index Fund Admiral Shares | 9.07% | 12.26% | 0.45% | 13.69% | -11.77% | 27.15% | 19.37% | 23.59% | -17.38% | 4.37% |
VGYAX Vanguard Global Wellesley Income Fund Admiral Shares | 1.45% | 13.31% | 6.15% | 8.95% | -8.06% | 6.58% | 5.52% | 13.92% | -4.31% | 0.98% |
Returns By Period
In the year-to-date period, VMIAX achieves a 9.07% return, which is significantly higher than VGYAX's 1.45% return.
VMIAX
- 1D
- 2.38%
- 1M
- -7.09%
- YTD
- 9.07%
- 6M
- 11.78%
- 1Y
- 20.87%
- 3Y*
- 10.03%
- 5Y*
- 7.07%
- 10Y*
- 10.54%
VGYAX
- 1D
- 0.92%
- 1M
- -2.67%
- YTD
- 1.45%
- 6M
- 4.27%
- 1Y
- 10.95%
- 3Y*
- 8.88%
- 5Y*
- 5.06%
- 10Y*
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VMIAX vs. VGYAX - Expense Ratio Comparison
VMIAX has a 0.10% expense ratio, which is lower than VGYAX's 0.28% expense ratio.
Return for Risk
VMIAX vs. VGYAX — Risk / Return Rank
VMIAX
VGYAX
VMIAX vs. VGYAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Global Wellesley Income Fund Admiral Shares (VGYAX). 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 | VGYAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.88 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.54 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.38 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.47 | -0.91 |
Martin ratioReturn relative to average drawdown | 5.36 | 9.79 | -4.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMIAX | VGYAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.88 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.82 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.74 | -0.36 |
Correlation
The correlation between VMIAX and VGYAX is 0.71, 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.
Dividends
VMIAX vs. VGYAX - Dividend Comparison
VMIAX's dividend yield for the trailing twelve months is around 1.41%, less than VGYAX's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMIAX Vanguard Materials Index Fund Admiral Shares | 1.41% | 1.56% | 1.70% | 1.72% | 1.98% | 1.33% | 1.67% | 1.94% | 2.02% | 1.63% | 1.73% | 2.31% |
VGYAX Vanguard Global Wellesley Income Fund Admiral Shares | 4.02% | 4.01% | 3.90% | 3.15% | 1.54% | 2.40% | 1.99% | 2.26% | 4.36% | 0.30% | 0.00% | 0.00% |
Drawdowns
VMIAX vs. VGYAX - Drawdown Comparison
The maximum VMIAX drawdown since its inception was -62.17%, which is greater than VGYAX's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for VMIAX and VGYAX.
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Drawdown Indicators
| VMIAX | VGYAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.17% | -17.71% | -44.46% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -4.55% | -9.75% |
Max Drawdown (5Y)Largest decline over 5 years | -25.45% | -15.89% | -9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -41.02% | — | — |
Current DrawdownCurrent decline from peak | -7.28% | -3.24% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -2.68% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 1.15% | +3.01% |
Volatility
VMIAX vs. VGYAX - Volatility Comparison
Vanguard Materials Index Fund Admiral Shares (VMIAX) has a higher volatility of 7.03% compared to Vanguard Global Wellesley Income Fund Admiral Shares (VGYAX) at 2.71%. This indicates that VMIAX's price experiences larger fluctuations and is considered to be riskier than VGYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMIAX | VGYAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.03% | 2.71% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 3.74% | +9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.43% | 5.93% | +15.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 6.20% | +13.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.17% | 6.81% | +14.36% |