VMIAX vs. VIMAX
Compare and contrast key facts about Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX).
VMIAX is managed by Vanguard. It was launched on Feb 11, 2004. VIMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMIAX or VIMAX.
Performance
VMIAX vs. VIMAX - Performance Comparison
Returns By Period
In the year-to-date period, VMIAX achieves a 11.43% return, which is significantly lower than VIMAX's 21.38% return. Over the past 10 years, VMIAX has underperformed VIMAX with an annualized return of 8.60%, while VIMAX has yielded a comparatively higher 10.14% annualized return.
VMIAX
11.43%
-1.05%
5.71%
20.16%
12.14%
8.60%
VIMAX
21.38%
4.65%
15.02%
31.61%
11.78%
10.14%
Key characteristics
| VMIAX | VIMAX | |
|---|---|---|
| Sharpe Ratio | 1.42 | 2.61 |
| Sortino Ratio | 1.99 | 3.57 |
| Omega Ratio | 1.25 | 1.45 |
| Calmar Ratio | 2.40 | 2.18 |
| Martin Ratio | 6.65 | 15.71 |
| Ulcer Index | 3.06% | 2.05% |
| Daily Std Dev | 14.30% | 12.36% |
| Max Drawdown | -62.17% | -58.88% |
| Current Drawdown | -2.79% | 0.00% |
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VMIAX vs. VIMAX - Expense Ratio Comparison
VMIAX has a 0.10% expense ratio, which is higher than VIMAX's 0.05% 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%.
Correlation
The correlation between VMIAX and VIMAX is 0.87, 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. VIMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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.
Dividends
VMIAX vs. VIMAX - Dividend Comparison
VMIAX's dividend yield for the trailing twelve months is around 1.54%, more than VIMAX's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.44% | 1.51% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
VMIAX vs. VIMAX - Drawdown Comparison
The maximum VMIAX drawdown since its inception was -62.17%, which is greater than VIMAX's maximum drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for VMIAX and VIMAX. For additional features, visit the drawdowns tool.
Volatility
VMIAX vs. VIMAX - Volatility Comparison
Vanguard Materials Index Fund Admiral Shares (VMIAX) has a higher volatility of 4.18% compared to Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) at 3.94%. This indicates that VMIAX's price experiences larger fluctuations and is considered to be riskier than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.