VMVIX vs. VMVLX
Compare and contrast key facts about Vanguard Mid-Cap Value Index Fund (VMVIX) and Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX).
VMVIX is managed by Vanguard. It was launched on Aug 17, 2006. VMVLX is managed by Vanguard. It was launched on Mar 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMVIX or VMVLX.
Key characteristics
| VMVIX | VMVLX | |
|---|---|---|
| YTD Return | 20.95% | 22.64% |
| 1Y Return | 35.56% | 33.30% |
| 3Y Return (Ann) | 7.10% | 10.65% |
| 5Y Return (Ann) | 10.80% | 12.18% |
| 10Y Return (Ann) | 9.33% | 10.99% |
| Sharpe Ratio | 3.07 | 3.46 |
| Sortino Ratio | 4.29 | 4.86 |
| Omega Ratio | 1.54 | 1.65 |
| Calmar Ratio | 3.00 | 6.76 |
| Martin Ratio | 19.12 | 22.83 |
| Ulcer Index | 1.94% | 1.52% |
| Daily Std Dev | 12.05% | 10.01% |
| Max Drawdown | -61.61% | -56.30% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMVIX and VMVLX is 0.93, 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
VMVIX vs. VMVLX - Performance Comparison
In the year-to-date period, VMVIX achieves a 20.95% return, which is significantly lower than VMVLX's 22.64% return. Over the past 10 years, VMVIX has underperformed VMVLX with an annualized return of 9.33%, while VMVLX has yielded a comparatively higher 10.99% 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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VMVIX vs. VMVLX - Expense Ratio Comparison
VMVIX has a 0.19% expense ratio, which is higher than VMVLX's 0.06% 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
VMVIX vs. VMVLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value Index Fund (VMVIX) and Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX). 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
VMVIX vs. VMVLX - Dividend Comparison
VMVIX's dividend yield for the trailing twelve months is around 1.94%, less than VMVLX's 2.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVIX Vanguard Mid-Cap Value Index Fund | 1.94% | 2.16% | 2.15% | 1.67% | 2.26% | 1.95% | 2.60% | 1.75% | 1.81% | 1.91% | 1.51% | 1.40% |
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 2.23% | 2.48% | 2.46% | 2.18% | 2.47% | 2.70% | 2.66% | 2.36% | 2.53% | 2.62% | 2.29% | 2.32% |
Drawdowns
VMVIX vs. VMVLX - Drawdown Comparison
The maximum VMVIX drawdown since its inception was -61.61%, which is greater than VMVLX's maximum drawdown of -56.30%. Use the drawdown chart below to compare losses from any high point for VMVIX and VMVLX. For additional features, visit the drawdowns tool.
Volatility
VMVIX vs. VMVLX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value Index Fund (VMVIX) is 3.47%, while Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) has a volatility of 3.67%. This indicates that VMVIX experiences smaller price fluctuations and is considered to be less risky than VMVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.