VMVLX vs. VGSH
Compare and contrast key facts about Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) and Vanguard Short-Term Treasury ETF (VGSH).
VMVLX is managed by Vanguard. It was launched on Mar 5, 2008. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMVLX or VGSH.
Key characteristics
| VMVLX | VGSH | |
|---|---|---|
| YTD Return | 22.42% | 3.40% |
| 1Y Return | 34.47% | 5.47% |
| 3Y Return (Ann) | 10.59% | 1.10% |
| 5Y Return (Ann) | 12.03% | 1.30% |
| 10Y Return (Ann) | 10.95% | 1.27% |
| Sharpe Ratio | 3.32 | 2.80 |
| Sortino Ratio | 4.67 | 4.55 |
| Omega Ratio | 1.62 | 1.60 |
| Calmar Ratio | 5.47 | 2.19 |
| Martin Ratio | 21.97 | 15.72 |
| Ulcer Index | 1.52% | 0.34% |
| Daily Std Dev | 10.08% | 1.91% |
| Max Drawdown | -56.30% | -5.70% |
| Current Drawdown | 0.00% | -0.80% |
Correlation
The correlation between VMVLX and VGSH is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VMVLX vs. VGSH - Performance Comparison
In the year-to-date period, VMVLX achieves a 22.42% return, which is significantly higher than VGSH's 3.40% return. Over the past 10 years, VMVLX has outperformed VGSH with an annualized return of 10.95%, while VGSH has yielded a comparatively lower 1.27% 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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VMVLX vs. VGSH - Expense Ratio Comparison
VMVLX has a 0.06% expense ratio, which is higher than VGSH's 0.04% 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
VMVLX vs. VGSH - 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 Short-Term Treasury ETF (VGSH). 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. VGSH - Dividend Comparison
VMVLX's dividend yield for the trailing twelve months is around 2.23%, less than VGSH's 4.15% 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% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
VMVLX vs. VGSH - Drawdown Comparison
The maximum VMVLX drawdown since its inception was -56.30%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for VMVLX and VGSH. For additional features, visit the drawdowns tool.
Volatility
VMVLX vs. VGSH - Volatility Comparison
Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) has a higher volatility of 3.80% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.38%. This indicates that VMVLX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.