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VMIG.L vs. MIDD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VMIG.L vs. MIDD.L

Last updated Jun 5, 2026

VMIG.L (Vanguard FTSE 250 UCITS ETF (GBP) Accumulating) and MIDD.L (iShares FTSE 250 UCITS ETF) are both Europe Equities funds tracking the FTSE 250 Ex Investment Trust TR GBP, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VMIG.L returned 3.38%/yr vs 3.14%/yr for MIDD.L. With a 0.98 correlation, they move nearly in lockstep. VMIG.L charges 0.10%/yr vs 0.40%/yr for MIDD.L.

Performance

VMIG.L vs. MIDD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and iShares FTSE 250 UCITS ETF (MIDD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VMIG.L is traded in GBP, while MIDD.L is traded in GBp. To make them comparable, the MIDD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VMIG.L having a 5.18% return and MIDD.L slightly higher at 5.26%.

VMIG.L

1D
0.70%
1M
4.25%
YTD
5.18%
6M
7.41%
1Y
14.23%
3Y*
10.30%
5Y*
3.38%
10Y*
—

MIDD.L

1D
0.56%
1M
4.32%
YTD
5.26%
6M
7.17%
1Y
13.79%
3Y*
9.96%
5Y*
3.14%
10Y*
5.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VMIG.L vs. MIDD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VMIG.L
Vanguard FTSE 250 UCITS ETF (GBP) Accumulating		5.18%12.85%7.41%8.08%-17.25%16.12%-4.72%14.21%
MIDD.L
iShares FTSE 250 UCITS ETF		5.26%12.44%7.33%7.76%-17.86%16.27%-5.34%14.04%

Correlation

The correlation between VMIG.L and MIDD.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (All Time)
Calculated using the full available price history since May 17, 2019

0.98

The correlation between VMIG.L and MIDD.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

VMIG.L vs. MIDD.L - Sectors Allocation Comparison

Sectors
VMIG.L
MIDD.L

Industrials

19.9%
19.9%

Financial Services

19.4%
19.5%

Consumer Cyclical

13.3%
13.3%

Real Estate

9.4%
9.4%

Technology

9.4%
9.2%

Basic Materials

6.6%
6.6%

Consumer Defensive

6.1%
6.1%

Communication Services

5.9%
5.9%

Healthcare

4.4%
4.4%

Utilities

3.0%
3.0%

Energy

2.5%
2.5%

Industrials

VMIG.L
19.9%
MIDD.L
19.9%

Financial Services

VMIG.L
19.4%
MIDD.L
19.5%

Consumer Cyclical

VMIG.L
13.3%
MIDD.L
13.3%

Real Estate

VMIG.L
9.4%
MIDD.L
9.4%

Technology

VMIG.L
9.4%
MIDD.L
9.2%

Basic Materials

VMIG.L
6.6%
MIDD.L
6.6%

Consumer Defensive

VMIG.L
6.1%
MIDD.L
6.1%

Communication Services

VMIG.L
5.9%
MIDD.L
5.9%

Healthcare

VMIG.L
4.4%
MIDD.L
4.4%

Utilities

VMIG.L
3.0%
MIDD.L
3.0%

Energy

VMIG.L
2.5%
MIDD.L
2.5%

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Vanguard FTSE 250 UCITS ETF (GBP) Accumulating

iShares FTSE 250 UCITS ETF

Often compared with VMIG.L:
VMIG.L vs. VUKG.LVMIG.L vs. VMID.LVMIG.L vs. VWRP.LVMIG.L vs. MIDVMIG.L vs. CUKS.LVMIG.L vs. VUAG.LVMIG.L vs. FTAD.L
Often compared with MIDD.L:
MIDD.L vs. VMID.LMIDD.L vs. CSUK.LMIDD.L vs. CUKS.LMIDD.L vs. ISF.LMIDD.L vs. HMWO.LMIDD.L vs. SWDA.LMIDD.L vs. FTAL.L

Return for Risk

VMIG.L vs. MIDD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VMIG.L
VMIG.L Risk / Return Rank: 3131
Overall Rank
VMIG.L Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
VMIG.L Sortino Ratio Rank: 3434
Sortino Ratio Rank
VMIG.L Omega Ratio Rank: 3232
Omega Ratio Rank
VMIG.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
VMIG.L Martin Ratio Rank: 3131
Martin Ratio Rank
MIDD.L
MIDD.L Risk / Return Rank: 3030
Overall Rank
MIDD.L Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
MIDD.L Sortino Ratio Rank: 3232
Sortino Ratio Rank
MIDD.L Omega Ratio Rank: 3131
Omega Ratio Rank
MIDD.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
MIDD.L Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VMIG.L vs. MIDD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and iShares FTSE 250 UCITS ETF (MIDD.L). 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.

VMIG.LMIDD.LDifference
Sharpe ratioReturn per unit of total volatility
1.16
1.10

+0.06

Sortino ratioReturn per unit of downside risk
1.74
1.67

+0.07

Omega ratioGain probability vs. loss probability

1.21

1.21

+0.01

Calmar ratioReturn relative to maximum drawdown

1.22

1.19

+0.03

Martin ratioReturn relative to average drawdown

4.41

4.19

+0.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMIG.L vs. MIDD.L - Sharpe Ratio Comparison

The current VMIG.L Sharpe Ratio is 1.16, which is comparable to the MIDD.L Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of VMIG.L and MIDD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VMIG.LMIDD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.16

1.10

+0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

0.21

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.33

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.48

-0.17

Drawdowns

VMIG.L vs. MIDD.L - Drawdown Comparison

The maximum VMIG.L drawdown since its inception was -41.38%, smaller than the maximum MIDD.L drawdown of -51.66%. Use the drawdown chart below to compare losses from any high point for VMIG.L and MIDD.L.

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Drawdown Indicators

VMIG.LMIDD.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.38%

-51.66%

+10.28%

Max Drawdown (1Y)

Largest decline over 1 year

-11.59%

-11.54%

-0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-16.44%

-16.92%

+0.48%

Max Drawdown (5Y)

Largest decline over 5 years

-29.51%

-29.93%

+0.42%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.60%

—

Current Drawdown

Current decline from peak

-0.69%

-0.77%

+0.08%

Average Drawdown

Average peak-to-trough decline

-10.02%

-8.76%

-1.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.22%

3.28%

-0.06%

Volatility

VMIG.L vs. MIDD.L - Volatility Comparison

The current volatility for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) is 3.70%, while iShares FTSE 250 UCITS ETF (MIDD.L) has a volatility of 3.92%. This indicates that VMIG.L experiences smaller price fluctuations and is considered to be less risky than MIDD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VMIG.LMIDD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

3.92%

-0.22%

Volatility (6M)

Calculated over the trailing 6-month period

10.08%

10.27%

-0.19%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

12.49%

-0.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.98%

15.27%

-0.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.31%

16.54%

+0.77%

VMIG.L vs. MIDD.L - Expense Ratio Comparison

VMIG.L has a 0.10% expense ratio, which is lower than MIDD.L's 0.40% expense ratio.

Dividends

VMIG.L vs. MIDD.L - Dividend Comparison

VMIG.L has not paid dividends to shareholders, while MIDD.L's dividend yield for the trailing twelve months is around 3.43%.

PositionTTM20252024202320222021202020192018201720162015
MIDD.L
iShares FTSE 250 UCITS ETF		3.43%3.56%3.05%3.17%2.76%2.01%1.51%2.72%3.07%2.80%2.67%2.80%
VMIG.L
Vanguard FTSE 250 UCITS ETF (GBP) Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.99, VMIG.L and MIDD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, VMIG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VMIG.L is cheaper with a 0.10% expense ratio, compared with 0.40% for MIDD.L.

Both ETFs track FTSE 250 Ex Investment Trust TR GBP. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VMIG.L and 0.40% for MIDD.L.

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