VOT vs. MDYG
Compare and contrast key facts about Vanguard Mid-Cap Growth ETF (VOT) and SPDR S&P 400 Mid Cap Growth ETF (MDYG).
VOT and MDYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Mid Cap Growth Index. It was launched on Aug 17, 2006. MDYG is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Growth Index. It was launched on Nov 8, 2005. Both VOT and MDYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VOT or MDYG.
Key characteristics
| VOT | MDYG | |
|---|---|---|
| YTD Return | 3.00% | 9.98% |
| 1Y Return | 21.76% | 24.93% |
| 3Y Return (Ann) | 0.98% | 3.12% |
| 5Y Return (Ann) | 9.55% | 9.91% |
| 10Y Return (Ann) | 10.32% | 9.95% |
| Sharpe Ratio | 1.44 | 1.63 |
| Daily Std Dev | 14.70% | 15.25% |
| Max Drawdown | -60.17% | -59.09% |
| Current Drawdown | -13.49% | -4.81% |
Correlation
The correlation between VOT and MDYG is 0.91, 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
VOT vs. MDYG - Performance Comparison
In the year-to-date period, VOT achieves a 3.00% return, which is significantly lower than MDYG's 9.98% return. Both investments have delivered pretty close results over the past 10 years, with VOT having a 10.32% annualized return and MDYG not far behind at 9.95%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VOT vs. MDYG - Expense Ratio Comparison
VOT has a 0.07% expense ratio, which is lower than MDYG's 0.15% 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
VOT vs. MDYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) and SPDR S&P 400 Mid Cap Growth ETF (MDYG). 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
VOT vs. MDYG - Dividend Comparison
VOT's dividend yield for the trailing twelve months is around 0.71%, less than MDYG's 1.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOT Vanguard Mid-Cap Growth ETF | 0.71% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.81% | 0.79% | 0.61% |
MDYG SPDR S&P 400 Mid Cap Growth ETF | 1.04% | 1.20% | 1.16% | 0.69% | 0.71% | 1.21% | 1.36% | 2.23% | 1.25% | 2.48% | 1.60% | 0.82% |
Drawdowns
VOT vs. MDYG - Drawdown Comparison
The maximum VOT drawdown since its inception was -60.17%, roughly equal to the maximum MDYG drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for VOT and MDYG. For additional features, visit the drawdowns tool.
Volatility
VOT vs. MDYG - Volatility Comparison
Vanguard Mid-Cap Growth ETF (VOT) has a higher volatility of 4.79% compared to SPDR S&P 400 Mid Cap Growth ETF (MDYG) at 4.54%. This indicates that VOT's price experiences larger fluctuations and is considered to be riskier than MDYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.