VMIAX vs. VTI
Compare and contrast key facts about Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Total Stock Market ETF (VTI).
VMIAX is managed by Vanguard. It was launched on Feb 11, 2004. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMIAX or VTI.
Key characteristics
| VMIAX | VTI | |
|---|---|---|
| YTD Return | 10.28% | 26.21% |
| 1Y Return | 24.48% | 38.35% |
| 3Y Return (Ann) | 3.53% | 8.70% |
| 5Y Return (Ann) | 11.54% | 15.34% |
| 10Y Return (Ann) | 8.71% | 12.90% |
| Sharpe Ratio | 1.67 | 3.04 |
| Sortino Ratio | 2.34 | 4.05 |
| Omega Ratio | 1.29 | 1.57 |
| Calmar Ratio | 1.93 | 4.46 |
| Martin Ratio | 8.17 | 19.72 |
| Ulcer Index | 2.97% | 1.94% |
| Daily Std Dev | 14.55% | 12.58% |
| Max Drawdown | -62.17% | -55.45% |
| Current Drawdown | -3.79% | -0.39% |
Correlation
The correlation between VMIAX and VTI is 0.83, 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.
Performance
VMIAX vs. VTI - Performance Comparison
In the year-to-date period, VMIAX achieves a 10.28% return, which is significantly lower than VTI's 26.21% return. Over the past 10 years, VMIAX has underperformed VTI with an annualized return of 8.71%, while VTI has yielded a comparatively higher 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMIAX vs. VTI - Expense Ratio Comparison
VMIAX has a 0.10% expense ratio, which is higher than VTI's 0.03% 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%.
Risk-Adjusted Performance
VMIAX vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
VMIAX's dividend yield for the trailing twelve months is around 1.56%, more than VTI's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTI Vanguard Total Stock Market ETF | 1.26% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
VMIAX vs. VTI - Drawdown Comparison
The maximum VMIAX drawdown since its inception was -62.17%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VMIAX and VTI. For additional features, visit the drawdowns tool.
Volatility
VMIAX vs. VTI - Volatility Comparison
Vanguard Materials Index Fund Admiral Shares (VMIAX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.03% 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.