VSCIX vs. VMCIX
Compare and contrast key facts about Vanguard Small-Cap Index Fund Institutional Shares (VSCIX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX).
VSCIX is managed by Vanguard. It was launched on Jul 7, 1997. VMCIX is managed by Vanguard. It was launched on May 21, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSCIX or VMCIX.
Key characteristics
| VSCIX | VMCIX | |
|---|---|---|
| YTD Return | 6.74% | 7.48% |
| 1Y Return | 26.01% | 24.39% |
| 3Y Return (Ann) | 2.66% | 4.28% |
| 5Y Return (Ann) | 9.84% | 10.70% |
| 10Y Return (Ann) | 9.28% | 9.96% |
| Sharpe Ratio | 1.40 | 1.71 |
| Daily Std Dev | 17.15% | 13.07% |
| Max Drawdown | -59.66% | -58.86% |
| Current Drawdown | -1.29% | -0.70% |
Correlation
The correlation between VSCIX and VMCIX is 0.95, 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
VSCIX vs. VMCIX - Performance Comparison
In the year-to-date period, VSCIX achieves a 6.74% return, which is significantly lower than VMCIX's 7.48% return. Over the past 10 years, VSCIX has underperformed VMCIX with an annualized return of 9.28%, while VMCIX has yielded a comparatively higher 9.96% 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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VSCIX vs. VMCIX - Expense Ratio Comparison
Both VSCIX and VMCIX have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VSCIX vs. VMCIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Institutional Shares (VSCIX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX). 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
VSCIX vs. VMCIX - Dividend Comparison
VSCIX's dividend yield for the trailing twelve months is around 1.44%, less than VMCIX's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSCIX Vanguard Small-Cap Index Fund Institutional Shares | 1.44% | 1.56% | 1.55% | 1.25% | 1.15% | 1.40% | 1.68% | 1.36% | 1.50% | 1.49% | 1.44% | 1.31% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.51% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% | 1.29% | 1.18% |
Drawdowns
VSCIX vs. VMCIX - Drawdown Comparison
The maximum VSCIX drawdown since its inception was -59.66%, roughly equal to the maximum VMCIX drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for VSCIX and VMCIX. For additional features, visit the drawdowns tool.
Volatility
VSCIX vs. VMCIX - Volatility Comparison
Vanguard Small-Cap Index Fund Institutional Shares (VSCIX) has a higher volatility of 3.86% compared to Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) at 2.90%. This indicates that VSCIX's price experiences larger fluctuations and is considered to be riskier than VMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.