VMVAX vs. VO
Compare and contrast key facts about Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Vanguard Mid-Cap ETF (VO).
VMVAX is managed by Vanguard. It was launched on Sep 27, 2011. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMVAX or VO.
Key characteristics
| VMVAX | VO | |
|---|---|---|
| YTD Return | 21.08% | 21.60% |
| 1Y Return | 35.72% | 37.45% |
| 3Y Return (Ann) | 7.23% | 4.25% |
| 5Y Return (Ann) | 10.93% | 12.05% |
| 10Y Return (Ann) | 9.46% | 10.40% |
| Sharpe Ratio | 3.08 | 3.09 |
| Sortino Ratio | 4.31 | 4.26 |
| Omega Ratio | 1.55 | 1.55 |
| Calmar Ratio | 3.05 | 2.11 |
| Martin Ratio | 19.29 | 19.12 |
| Ulcer Index | 1.93% | 2.04% |
| Daily Std Dev | 12.06% | 12.64% |
| Max Drawdown | -43.07% | -58.89% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMVAX and VO is 0.94, 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. VO - Performance Comparison
The year-to-date returns for both investments are quite close, with VMVAX having a 21.08% return and VO slightly higher at 21.60%. Over the past 10 years, VMVAX has underperformed VO with an annualized return of 9.46%, while VO has yielded a comparatively higher 10.40% 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. VO - Expense Ratio Comparison
VMVAX has a 0.07% expense ratio, which is higher than VO's 0.04% 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
VMVAX vs. VO - 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 ETF (VO). 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. VO - Dividend Comparison
VMVAX's dividend yield for the trailing twelve months is around 2.04%, more than VO's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 2.04% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.91% | 2.04% | 1.67% | 1.54% |
VO Vanguard Mid-Cap ETF | 1.45% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.18% |
Drawdowns
VMVAX vs. VO - Drawdown Comparison
The maximum VMVAX drawdown since its inception was -43.07%, smaller than the maximum VO drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for VMVAX and VO. For additional features, visit the drawdowns tool.
Volatility
VMVAX vs. VO - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) is 3.47%, while Vanguard Mid-Cap ETF (VO) has a volatility of 3.80%. This indicates that VMVAX experiences smaller price fluctuations and is considered to be less risky than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.