VMIAX vs. XLB
Compare and contrast key facts about Vanguard Materials Index Fund Admiral Shares (VMIAX) and Materials Select Sector SPDR ETF (XLB).
VMIAX is managed by Vanguard. It was launched on Feb 11, 2004. XLB is a passively managed fund by State Street that tracks the performance of the Materials Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMIAX or XLB.
Key characteristics
| VMIAX | XLB | |
|---|---|---|
| YTD Return | 12.39% | 11.86% |
| 1Y Return | 28.12% | 26.02% |
| 3Y Return (Ann) | 4.58% | 4.01% |
| 5Y Return (Ann) | 11.93% | 11.71% |
| 10Y Return (Ann) | 8.96% | 8.99% |
| Sharpe Ratio | 1.86 | 1.85 |
| Sortino Ratio | 2.59 | 2.55 |
| Omega Ratio | 1.33 | 1.32 |
| Calmar Ratio | 2.02 | 1.96 |
| Martin Ratio | 9.14 | 9.12 |
| Ulcer Index | 2.96% | 2.73% |
| Daily Std Dev | 14.51% | 13.50% |
| Max Drawdown | -62.17% | -59.83% |
| Current Drawdown | -1.95% | -3.24% |
Correlation
The correlation between VMIAX and XLB is 0.98, 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. XLB - Performance Comparison
The year-to-date returns for both stocks are quite close, with VMIAX having a 12.39% return and XLB slightly lower at 11.86%. Both investments have delivered pretty close results over the past 10 years, with VMIAX having a 8.96% annualized return and XLB not far ahead at 8.99%. 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. XLB - Expense Ratio Comparison
VMIAX has a 0.10% expense ratio, which is lower than XLB's 0.13% expense ratio. Despite the difference, 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. XLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials Index Fund Admiral Shares (VMIAX) and Materials Select Sector SPDR ETF (XLB). 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. XLB - Dividend Comparison
VMIAX's dividend yield for the trailing twelve months is around 1.53%, less than XLB's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMIAX Vanguard Materials Index Fund Admiral Shares | 1.53% | 1.72% | 1.98% | 1.44% | 1.67% | 1.94% | 2.02% | 1.63% | 1.67% | 2.31% | 1.76% | 1.83% |
XLB Materials Select Sector SPDR ETF | 1.86% | 2.00% | 2.26% | 1.62% | 1.72% | 1.98% | 2.20% | 1.66% | 1.95% | 2.24% | 1.97% | 2.08% |
Drawdowns
VMIAX vs. XLB - Drawdown Comparison
The maximum VMIAX drawdown since its inception was -62.17%, roughly equal to the maximum XLB drawdown of -59.83%. Use the drawdown chart below to compare losses from any high point for VMIAX and XLB. For additional features, visit the drawdowns tool.
Volatility
VMIAX vs. XLB - Volatility Comparison
Vanguard Materials Index Fund Admiral Shares (VMIAX) has a higher volatility of 3.84% compared to Materials Select Sector SPDR ETF (XLB) at 3.44%. This indicates that VMIAX's price experiences larger fluctuations and is considered to be riskier than XLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.