VNVYX vs. VMCPX

Last updated Jun 24, 2026

VNVYX (Natixis Funds Trust II Vaughan Nelson Mid Cap Fund) and VMCPX (Vanguard Mid-Cap Index Fund Institutional Plus Shares) are both Mid Cap Blend Equities funds. Over the past 10 years, VNVYX returned 12.41%/yr vs 12.03%/yr for VMCPX. Their correlation of 0.90 suggests significant overlap in exposure. VNVYX charges 0.90%/yr vs 0.03%/yr for VMCPX.

Performance

VNVYX vs. VMCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Funds Trust II Vaughan Nelson Mid Cap Fund (VNVYX) and Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNVYX achieves a 24.45% return, which is significantly higher than VMCPX's 11.33% return. Both investments have delivered pretty close results over the past 10 years, with VNVYX having a 12.41% annualized return and VMCPX not far behind at 12.03%.

VNVYX

• 1D: 0.00%
• 1M: 7.96%
• YTD: 24.45%
• 6M: 21.95%
• 1Y: 39.32%
• 3Y*: 23.85%
• 5Y*: 12.63%
• 10Y*: 12.41%

VMCPX

• 1D: 0.41%
• 1M: 3.04%
• YTD: 11.33%
• 6M: 10.02%
• 1Y: 18.76%
• 3Y*: 16.61%
• 5Y*: 8.07%
• 10Y*: 12.03%

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

VNVYX vs. VMCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNVYX Natixis Funds Trust II Vaughan Nelson Mid Cap Fund	24.45%	12.17%	19.45%	16.53%	-10.59%	21.82%	10.92%	30.53%	-15.98%	13.21%
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares	11.33%	11.70%	14.68%	16.55%	-18.68%	24.54%	18.20%	31.06%	-9.23%	19.28%

Correlation

The correlation between VNVYX and VMCPX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 13, 2010	0.90

Over the past year, the correlation between VNVYX and VMCPX has dropped to 0.67 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

VNVYX vs. VMCPX — Risk / Return Rank

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

VNVYX

VNVYX Risk / Return Rank: 80
VNVYX Sharpe Ratio Rank: 79
VNVYX Sortino Ratio Rank: 78
VNVYX Omega Ratio Rank: 65
VNVYX Calmar Ratio Rank: 88
VNVYX Martin Ratio Rank: 88

VMCPX

VMCPX Risk / Return Rank: 38
VMCPX Sharpe Ratio Rank: 34
VMCPX Sortino Ratio Rank: 32
VMCPX Omega Ratio Rank: 30
VMCPX Calmar Ratio Rank: 45
VMCPX Martin Ratio Rank: 47

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.

VNVYX vs. VMCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Funds Trust II Vaughan Nelson Mid Cap Fund (VNVYX) and Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX). 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.

	VNVYX	VMCPX	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.56	+0.85
Sortino ratio: Return per unit of downside risk	3.40	2.21	+1.19
Omega ratio: Gain probability vs. loss probability	1.41	1.27	+0.14
Calmar ratio: Return relative to maximum drawdown	4.13	2.45	+1.69
Martin ratio: Return relative to average drawdown	15.69	9.20	+6.49

VNVYX vs. VMCPX - Sharpe Ratio Comparison

The current VNVYX Sharpe Ratio is 2.40, which is higher than the VMCPX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of VNVYX and VMCPX, 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

VNVYX vs. VMCPX - Drawdown Comparison

The maximum VNVYX drawdown since its inception was -42.81%, which is greater than VMCPX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for VNVYX and VMCPX.

Drawdown Indicators

	VNVYX	VMCPX	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-39.30%	-3.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-8.13%	-4.06%
Max Drawdown (3Y) Largest decline over 3 years	-22.60%	-18.93%	-3.67%
Max Drawdown (5Y) Largest decline over 5 years	-22.60%	-27.54%	+4.94%
Max Drawdown (10Y) Largest decline over 10 years	-42.81%	-39.30%	-3.51%
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-6.22%	-5.20%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.16%	+0.84%

Volatility

VNVYX vs. VMCPX - Volatility Comparison

Natixis Funds Trust II Vaughan Nelson Mid Cap Fund (VNVYX) has a higher volatility of 7.85% compared to Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) at 4.36%. This indicates that VNVYX's price experiences larger fluctuations and is considered to be riskier than VMCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNVYX	VMCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.85%	4.36%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	16.55%	9.85%	+6.70%
Volatility (1Y) Calculated over the trailing 1-year period	21.00%	12.80%	+8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.32%	17.69%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	18.95%	+1.83%

VNVYX vs. VMCPX - Expense Ratio Comparison

VNVYX has a 0.90% expense ratio, which is higher than VMCPX's 0.03% expense ratio.

Dividends

VNVYX vs. VMCPX - Dividend Comparison

VNVYX's dividend yield for the trailing twelve months is around 35.97%, more than VMCPX's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VMCPX Vanguard Mid-Cap Index Fund Institutional Plus Shares	1.35%	1.53%	1.50%	1.52%	1.61%	1.13%	1.45%	1.49%	1.84%	1.37%	1.47%	1.50%
VNVYX Natixis Funds Trust II Vaughan Nelson Mid Cap Fund	35.97%	45.02%	11.91%	0.53%	3.46%	16.14%	12.25%	1.07%	9.78%	2.71%	3.33%	2.58%

Frequently Asked Questions

Can I hold both VNVYX and VMCPX in my portfolio?

VNVYX and VMCPX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNVYX or VMCPX?

VNVYX has higher volatility (7.85%) compared to VMCPX (4.36%). In terms of maximum drawdown, VNVYX dropped -42.81% vs VMCPX's -39.30%.

Which has better risk-adjusted returns?

VNVYX currently has the higher Sharpe Ratio (2.40 vs 1.56), 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.