VMVLX vs. VALAX
Compare and contrast key facts about Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Al Frank Fund (VALAX).
VMVLX is managed by Vanguard. It was launched on Mar 5, 2008. VALAX is managed by Al Frank. It was launched on May 1, 2006.
Performance
VMVLX vs. VALAX - Performance Comparison
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VMVLX vs. VALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 3.30% | 15.60% | 16.87% | 9.14% | -1.21% | 25.92% | 2.48% | 25.71% | -4.09% | 16.81% |
VALAX Al Frank Fund | 4.45% | 23.57% | 13.35% | 14.05% | -13.50% | 24.97% | 10.22% | 33.98% | -7.87% | 18.09% |
Returns By Period
In the year-to-date period, VMVLX achieves a 3.30% return, which is significantly lower than VALAX's 4.45% return. Over the past 10 years, VMVLX has underperformed VALAX with an annualized return of 11.99%, while VALAX has yielded a comparatively higher 12.70% annualized return.
VMVLX
- 1D
- 1.67%
- 1M
- -4.53%
- YTD
- 3.30%
- 6M
- 6.21%
- 1Y
- 15.39%
- 3Y*
- 15.48%
- 5Y*
- 11.34%
- 10Y*
- 11.99%
VALAX
- 1D
- 2.86%
- 1M
- -3.93%
- YTD
- 4.45%
- 6M
- 10.22%
- 1Y
- 32.84%
- 3Y*
- 18.20%
- 5Y*
- 9.28%
- 10Y*
- 12.70%
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VMVLX vs. VALAX - Expense Ratio Comparison
VMVLX has a 0.06% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Return for Risk
VMVLX vs. VALAX — Risk / Return Rank
VMVLX
VALAX
VMVLX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Al Frank Fund (VALAX). 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.
| VMVLX | VALAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.76 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.49 | 2.40 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.60 | -1.10 |
Martin ratioReturn relative to average drawdown | 6.51 | 10.90 | -4.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMVLX | VALAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.76 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.53 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.66 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.40 | +0.05 |
Correlation
The correlation between VMVLX and VALAX is 0.92, 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.
Dividends
VMVLX vs. VALAX - Dividend Comparison
VMVLX's dividend yield for the trailing twelve months is around 2.07%, less than VALAX's 8.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 2.07% | 2.05% | 2.32% | 2.49% | 2.46% | 2.18% | 2.47% | 2.70% | 2.66% | 2.36% | 1.90% | 2.62% |
VALAX Al Frank Fund | 8.29% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Drawdowns
VMVLX vs. VALAX - Drawdown Comparison
The maximum VMVLX drawdown since its inception was -55.79%, smaller than the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for VMVLX and VALAX.
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Drawdown Indicators
| VMVLX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.79% | -61.26% | +5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -13.03% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -25.81% | +9.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.57% | -38.22% | +2.65% |
Current DrawdownCurrent decline from peak | -4.84% | -5.95% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -10.83% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 3.10% | -0.59% |
Volatility
VMVLX vs. VALAX - Volatility Comparison
The current volatility for Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) is 3.70%, while Al Frank Fund (VALAX) has a volatility of 5.58%. This indicates that VMVLX experiences smaller price fluctuations and is considered to be less risky than VALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMVLX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 5.58% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 10.83% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 18.74% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 17.75% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 19.31% | -2.84% |