VMVAX vs. VMGMX
Compare and contrast key facts about Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX).
VMVAX is managed by Vanguard. It was launched on Sep 27, 2011. VMGMX is managed by Vanguard. It was launched on Sep 27, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMVAX or VMGMX.
Key characteristics
| VMVAX | VMGMX | |
|---|---|---|
| YTD Return | 20.09% | 20.58% |
| 1Y Return | 34.97% | 37.51% |
| 3Y Return (Ann) | 6.93% | 0.85% |
| 5Y Return (Ann) | 10.71% | 12.39% |
| 10Y Return (Ann) | 9.37% | 10.95% |
| Sharpe Ratio | 2.87 | 2.53 |
| Sortino Ratio | 4.03 | 3.42 |
| Omega Ratio | 1.51 | 1.44 |
| Calmar Ratio | 2.84 | 1.43 |
| Martin Ratio | 17.95 | 15.07 |
| Ulcer Index | 1.93% | 2.49% |
| Daily Std Dev | 12.07% | 14.83% |
| Max Drawdown | -43.07% | -37.17% |
| Current Drawdown | -0.82% | -0.44% |
Correlation
The correlation between VMVAX and VMGMX 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
VMVAX vs. VMGMX - Performance Comparison
The year-to-date returns for both investments are quite close, with VMVAX having a 20.09% return and VMGMX slightly higher at 20.58%. Over the past 10 years, VMVAX has underperformed VMGMX with an annualized return of 9.37%, while VMGMX has yielded a comparatively higher 10.95% 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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VMVAX vs. VMGMX - Expense Ratio Comparison
Both VMVAX and VMGMX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VMVAX vs. VMGMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX). 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
VMVAX vs. VMGMX - Dividend Comparison
VMVAX's dividend yield for the trailing twelve months is around 2.06%, more than VMGMX's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 2.06% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.91% | 2.04% | 1.67% | 1.54% |
VMGMX Vanguard Mid-Cap Growth Index Fund Admiral Shares | 0.67% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% | 0.79% | 0.61% |
Drawdowns
VMVAX vs. VMGMX - Drawdown Comparison
The maximum VMVAX drawdown since its inception was -43.07%, which is greater than VMGMX's maximum drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for VMVAX and VMGMX. For additional features, visit the drawdowns tool.
Volatility
VMVAX vs. VMGMX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) is 3.53%, while Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has a volatility of 4.61%. This indicates that VMVAX experiences smaller price fluctuations and is considered to be less risky than VMGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.