VMVAX vs. VTIAX

Last updated Jun 26, 2026

VMVAX (Vanguard Mid-Cap Value Index Fund Admiral Shares) and VTIAX (Vanguard Total International Stock Index Fund Admiral Shares) are both mutual funds - VMVAX is a Mid Cap Value Equities fund managed by Vanguard, while VTIAX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index. Over the past 10 years, VMVAX returned 11.01%/yr vs 10.13%/yr for VTIAX. A 0.76 correlation means they provide meaningful diversification when combined. VMVAX charges 0.07%/yr vs 0.09%/yr for VTIAX.

Performance

VMVAX vs. VTIAX - 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 Total International Stock Index Fund Admiral Shares (VTIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VMVAX having a 12.35% return and VTIAX slightly lower at 12.32%. Over the past 10 years, VMVAX has outperformed VTIAX with an annualized return of 11.01%, while VTIAX has yielded a comparatively lower 10.13% annualized return.

VMVAX

• 1D: 0.50%
• 1M: 1.61%
• YTD: 12.35%
• 6M: 11.10%
• 1Y: 24.20%
• 3Y*: 16.43%
• 5Y*: 9.23%
• 10Y*: 11.01%

VTIAX

• 1D: -0.02%
• 1M: -1.54%
• YTD: 12.32%
• 6M: 12.18%
• 1Y: 27.68%
• 3Y*: 18.80%
• 5Y*: 8.19%
• 10Y*: 10.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VMVAX vs. VTIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares	12.35%	12.06%	13.63%	10.12%	-7.89%	28.77%	2.45%	28.03%	-12.44%	17.04%
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	12.32%	32.18%	5.34%	15.28%	-16.02%	8.59%	11.27%	21.52%	-14.46%	27.54%

Correlation

The correlation between VMVAX and VTIAX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011	0.76

The correlation between VMVAX and VTIAX shifts across timeframes, from 0.62 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

VMVAX vs. VTIAX - Sectors Allocation Comparison

Sectors	VMVAX	VTIAX
Financial Services	16.6%	22.3%
Industrials	13.6%	16.1%
Energy	12.3%	5.2%
Utilities	11.6%	3.2%
Technology	11.4%	18.1%
Consumer Defensive	7.9%	5.0%
Healthcare	6.4%	7.1%
Consumer Cyclical	6.2%	8.4%
Basic Materials	5.9%	7.6%
Real Estate	5.6%	2.6%
Communication Services	2.1%	4.4%

Return for Risk

VMVAX vs. VTIAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMVAX

VMVAX Risk / Return Rank: 72
VMVAX Sharpe Ratio Rank: 67
VMVAX Sortino Ratio Rank: 69
VMVAX Omega Ratio Rank: 59
VMVAX Calmar Ratio Rank: 82
VMVAX Martin Ratio Rank: 80

VTIAX

VTIAX Risk / Return Rank: 52
VTIAX Sharpe Ratio Rank: 53
VTIAX Sortino Ratio Rank: 48
VTIAX Omega Ratio Rank: 55
VTIAX Calmar Ratio Rank: 52
VTIAX Martin Ratio Rank: 53

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.

VMVAX vs. VTIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) and Vanguard Total International Stock Index Fund Admiral Shares (VTIAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VMVAX	VTIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.80	+0.20
Sortino ratio: Return per unit of downside risk	2.88	2.44	+0.44
Omega ratio: Gain probability vs. loss probability	1.35	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	3.33	2.44	+0.89
Martin ratio: Return relative to average drawdown	12.65	9.44	+3.21

VMVAX vs. VTIAX - Sharpe Ratio Comparison

The current VMVAX Sharpe Ratio is 1.99, which is comparable to the VTIAX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of VMVAX and VTIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VMVAX vs. VTIAX - Drawdown Comparison

The maximum VMVAX drawdown since its inception was -43.07%, which is greater than VTIAX's maximum drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for VMVAX and VTIAX.

Drawdown Indicators

	VMVAX	VTIAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.07%	-35.83%	-7.24%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-11.28%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.40%	-13.13%	-5.27%
Max Drawdown (5Y) Largest decline over 5 years	-19.75%	-29.52%	+9.77%
Max Drawdown (10Y) Largest decline over 10 years	-43.07%	-35.83%	-7.24%
Current Drawdown Current decline from peak	-0.53%	-3.02%	+2.49%
Average Drawdown Average peak-to-trough decline	-4.36%	-8.05%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.91%	-1.08%

Volatility

VMVAX vs. VTIAX - Volatility Comparison

The current volatility for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) is 3.31%, while Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) has a volatility of 6.80%. This indicates that VMVAX experiences smaller price fluctuations and is considered to be less risky than VTIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VMVAX	VTIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	6.80%	-3.49%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	13.39%	-4.99%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	15.38%	-3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	15.27%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	15.82%	+2.93%

VMVAX vs. VTIAX - Expense Ratio Comparison

VMVAX has a 0.07% expense ratio, which is lower than VTIAX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VMVAX vs. VTIAX - Dividend Comparison

VMVAX's dividend yield for the trailing twelve months is around 1.85%, less than VTIAX's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares	1.85%	2.10%	2.11%	2.26%	2.27%	1.78%	2.36%	2.08%	2.75%	1.86%	1.91%	2.04%
VTIAX Vanguard Total International Stock Index Fund Admiral Shares	2.56%	3.15%	3.33%	3.22%	3.04%	3.05%	2.10%	3.04%	3.16%	2.73%	2.93%	2.84%

Frequently Asked Questions

Can I hold both VMVAX and VTIAX in my portfolio?

VMVAX and VTIAX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMVAX or VTIAX?

VTIAX has higher volatility (6.80%) compared to VMVAX (3.31%). In terms of maximum drawdown, VMVAX dropped -43.07% vs VTIAX's -35.83%.

Which has better risk-adjusted returns?

VMVAX currently has the higher Sharpe Ratio (1.99 vs 1.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.