VMVLX vs. MGV
Compare and contrast key facts about Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Vanguard Mega Cap Value ETF (MGV).
VMVLX is managed by Vanguard. It was launched on Mar 5, 2008. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMVLX or MGV.
Key characteristics
| VMVLX | MGV | |
|---|---|---|
| YTD Return | 22.42% | 22.36% |
| 1Y Return | 34.47% | 34.47% |
| 3Y Return (Ann) | 10.59% | 10.59% |
| 5Y Return (Ann) | 12.03% | 12.03% |
| 10Y Return (Ann) | 10.95% | 10.94% |
| Sharpe Ratio | 3.32 | 3.32 |
| Sortino Ratio | 4.67 | 4.71 |
| Omega Ratio | 1.62 | 1.62 |
| Calmar Ratio | 5.47 | 5.46 |
| Martin Ratio | 21.97 | 22.05 |
| Ulcer Index | 1.52% | 1.51% |
| Daily Std Dev | 10.08% | 10.04% |
| Max Drawdown | -56.30% | -56.31% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMVLX and MGV is 0.99, 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
VMVLX vs. MGV - Performance Comparison
The year-to-date returns for both stocks are quite close, with VMVLX having a 22.42% return and MGV slightly lower at 22.36%. Both investments have delivered pretty close results over the past 10 years, with VMVLX having a 10.95% annualized return and MGV not far behind at 10.94%. 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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VMVLX vs. MGV - Expense Ratio Comparison
VMVLX has a 0.06% expense ratio, which is lower than MGV's 0.07% 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%.
Risk-Adjusted Performance
VMVLX vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Vanguard Mega Cap Value ETF (MGV). 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
VMVLX vs. MGV - Dividend Comparison
VMVLX's dividend yield for the trailing twelve months is around 2.23%, which matches MGV's 2.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MGV Vanguard Mega Cap Value ETF | 2.22% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
Drawdowns
VMVLX vs. MGV - Drawdown Comparison
The maximum VMVLX drawdown since its inception was -56.30%, roughly equal to the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for VMVLX and MGV. For additional features, visit the drawdowns tool.
Volatility
VMVLX vs. MGV - Volatility Comparison
Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Vanguard Mega Cap Value ETF (MGV) have volatilities of 3.80% and 3.79%, 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.