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

Performance

VMIAX vs. VITAX - Performance Comparison

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

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
1.88%
12.36%
VMIAX
VITAX

Returns By Period

In the year-to-date period, VMIAX achieves a 9.51% return, which is significantly lower than VITAX's 25.57% return. Over the past 10 years, VMIAX has underperformed VITAX with an annualized return of 8.39%, while VITAX has yielded a comparatively higher 20.55% annualized return.


VMIAX

YTD

9.51%

1M

-4.47%

6M

1.83%

1Y

18.67%

5Y (annualized)

11.75%

10Y (annualized)

8.39%

VITAX

YTD

25.57%

1M

0.19%

6M

12.43%

1Y

33.56%

5Y (annualized)

22.05%

10Y (annualized)

20.55%

Key characteristics


VMIAXVITAX
Sharpe Ratio1.341.58
Sortino Ratio1.882.10
Omega Ratio1.231.28
Calmar Ratio2.132.20
Martin Ratio6.297.91
Ulcer Index3.03%4.24%
Daily Std Dev14.26%21.24%
Max Drawdown-62.17%-54.81%
Current Drawdown-4.47%-3.30%

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VMIAX vs. VITAX - Expense Ratio Comparison

Both VMIAX and VITAX have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically 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 VITAX: 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

-0.50.00.51.00.7

The correlation between VMIAX and VITAX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

VMIAX vs. VITAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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 market0.002.004.001.341.58
The chart of Sortino ratio for VMIAX, currently valued at 1.88, compared to the broader market0.005.0010.001.882.10
The chart of Omega ratio for VMIAX, currently valued at 1.23, compared to the broader market1.002.003.004.001.231.28
The chart of Calmar ratio for VMIAX, currently valued at 2.13, compared to the broader market0.005.0010.0015.0020.0025.002.132.20
The chart of Martin ratio for VMIAX, currently valued at 6.29, compared to the broader market0.0020.0040.0060.0080.00100.006.297.91
VMIAX
VITAX

The current VMIAX Sharpe Ratio is 1.34, which is comparable to the VITAX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of VMIAX and VITAX, 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
1.34
1.58
VMIAX
VITAX

Dividends

VMIAX vs. VITAX - Dividend Comparison

VMIAX's dividend yield for the trailing twelve months is around 1.57%, more than VITAX's 0.62% yield.


TTM20232022202120202019201820172016201520142013
VMIAX
Vanguard Materials Index Fund Admiral Shares
1.57%1.72%1.98%1.44%1.67%1.94%2.02%1.63%1.67%2.31%1.76%1.83%
VITAX
Vanguard Information Technology Index Fund Admiral Shares
0.62%0.65%0.91%0.64%0.82%1.11%1.30%0.99%1.31%1.28%1.12%1.04%

Drawdowns

VMIAX vs. VITAX - Drawdown Comparison

The maximum VMIAX drawdown since its inception was -62.17%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VMIAX and VITAX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.47%
-3.30%
VMIAX
VITAX

Volatility

VMIAX vs. VITAX - Volatility Comparison

The current volatility for Vanguard Materials Index Fund Admiral Shares (VMIAX) is 4.01%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 6.51%. This indicates that VMIAX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.01%
6.51%
VMIAX
VITAX