VMVAX vs. VOE
Compare and contrast key facts about Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Vanguard Mid-Cap Value ETF (VOE).
VMVAX is managed by Vanguard. It was launched on Sep 27, 2011. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMVAX or VOE.
Key characteristics
| VMVAX | VOE | |
|---|---|---|
| YTD Return | 21.08% | 21.05% |
| 1Y Return | 35.72% | 35.81% |
| 3Y Return (Ann) | 7.23% | 7.23% |
| 5Y Return (Ann) | 10.93% | 10.95% |
| 10Y Return (Ann) | 9.46% | 9.48% |
| Sharpe Ratio | 3.08 | 3.08 |
| Sortino Ratio | 4.31 | 4.31 |
| Omega Ratio | 1.55 | 1.55 |
| Calmar Ratio | 3.05 | 3.05 |
| Martin Ratio | 19.29 | 19.39 |
| Ulcer Index | 1.93% | 1.92% |
| Daily Std Dev | 12.06% | 12.05% |
| Max Drawdown | -43.07% | -61.55% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMVAX and VOE is 1.00, 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. VOE - Performance Comparison
The year-to-date returns for both stocks are quite close, with VMVAX having a 21.08% return and VOE slightly lower at 21.05%. Both investments have delivered pretty close results over the past 10 years, with VMVAX having a 9.46% annualized return and VOE not far ahead at 9.48%. 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. VOE - Expense Ratio Comparison
Both VMVAX and VOE 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. VOE - 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 Value ETF (VOE). 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. VOE - Dividend Comparison
VMVAX's dividend yield for the trailing twelve months is around 2.04%, which matches VOE's 2.04% 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% |
VOE Vanguard Mid-Cap Value ETF | 2.04% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
VMVAX vs. VOE - Drawdown Comparison
The maximum VMVAX drawdown since its inception was -43.07%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for VMVAX and VOE. For additional features, visit the drawdowns tool.
Volatility
VMVAX vs. VOE - Volatility Comparison
Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Vanguard Mid-Cap Value ETF (VOE) have volatilities of 3.47% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.