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VMVAX vs. VO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VMVAX vs. VO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Vanguard Mid-Cap ETF (VO). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
11.04%
11.22%
VMVAX
VO

Returns By Period

The year-to-date returns for both stocks are quite close, with VMVAX having a 19.50% return and VO slightly lower at 19.45%. Over the past 10 years, VMVAX has underperformed VO with an annualized return of 9.12%, while VO has yielded a comparatively higher 10.03% annualized return.


VMVAX

YTD

19.50%

1M

-0.03%

6M

11.04%

1Y

29.53%

5Y (annualized)

10.59%

10Y (annualized)

9.12%

VO

YTD

19.45%

1M

1.27%

6M

11.22%

1Y

30.50%

5Y (annualized)

11.41%

10Y (annualized)

10.03%

Key characteristics


VMVAXVO
Sharpe Ratio2.582.54
Sortino Ratio3.583.48
Omega Ratio1.451.44
Calmar Ratio3.362.02
Martin Ratio15.6315.20
Ulcer Index1.94%2.05%
Daily Std Dev11.73%12.34%
Max Drawdown-43.07%-58.89%
Current Drawdown-1.31%-1.77%

Compare stocks, funds, or ETFs

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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%.


VMVAX
Vanguard Mid-Cap Value Index Fund Admiral Shares
Expense ratio chart for VMVAX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for VO: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.00.9

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.

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.


Sharpe ratio
The chart of Sharpe ratio for VMVAX, currently valued at 2.58, compared to the broader market0.002.004.002.582.54
The chart of Sortino ratio for VMVAX, currently valued at 3.58, compared to the broader market0.005.0010.003.583.48
The chart of Omega ratio for VMVAX, currently valued at 1.45, compared to the broader market1.002.003.004.001.451.44
The chart of Calmar ratio for VMVAX, currently valued at 3.36, compared to the broader market0.005.0010.0015.0020.0025.003.362.02
The chart of Martin ratio for VMVAX, currently valued at 15.63, compared to the broader market0.0020.0040.0060.0080.00100.0015.6315.20
VMVAX
VO

The current VMVAX Sharpe Ratio is 2.58, which is comparable to the VO Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of VMVAX and VO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.58
2.54
VMVAX
VO

Dividends

VMVAX vs. VO - Dividend Comparison

VMVAX's dividend yield for the trailing twelve months is around 2.07%, more than VO's 1.82% yield.


TTM20232022202120202019201820172016201520142013
VMVAX
Vanguard Mid-Cap Value Index Fund Admiral Shares
2.07%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
1.82%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.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.31%
-1.77%
VMVAX
VO

Volatility

VMVAX vs. VO - Volatility Comparison

The current volatility for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) is 3.54%, while Vanguard Mid-Cap ETF (VO) has a volatility of 3.99%. 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.54%
3.99%
VMVAX
VO