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VSCPX vs. VMCPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VSCPX vs. VMCPX - Performance Comparison

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

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VSCPX vs. VMCPX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
VSCPX
Vanguard Small-Cap Index Fund Institutional Plus Shares
-1.20%8.86%12.98%19.52%-17.59%17.75%19.09%27.40%-9.31%16.27%
VMCPX
Vanguard Mid-Cap Index Fund Institutional Plus Shares
-2.79%11.70%14.68%16.55%-18.68%24.54%18.20%31.06%-9.23%19.28%

Returns By Period

In the year-to-date period, VSCPX achieves a -1.20% return, which is significantly higher than VMCPX's -2.79% return. Both investments have delivered pretty close results over the past 10 years, with VSCPX having a 10.17% annualized return and VMCPX not far ahead at 10.44%.


VSCPX

1D
-0.97%
1M
-8.08%
YTD
-1.20%
6M
0.60%
1Y
16.10%
3Y*
11.87%
5Y*
5.04%
10Y*
10.17%

VMCPX

1D
-0.66%
1M
-7.87%
YTD
-2.79%
6M
-3.58%
1Y
10.32%
3Y*
11.80%
5Y*
6.52%
10Y*
10.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VSCPX vs. VMCPX - Expense Ratio Comparison

Both VSCPX and VMCPX have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Return for Risk

VSCPX vs. VMCPX — Risk / Return Rank

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

VSCPX
VSCPX Risk / Return Rank: 3737
Overall Rank
VSCPX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
VSCPX Sortino Ratio Rank: 3838
Sortino Ratio Rank
VSCPX Omega Ratio Rank: 3434
Omega Ratio Rank
VSCPX Calmar Ratio Rank: 3636
Calmar Ratio Rank
VSCPX Martin Ratio Rank: 4141
Martin Ratio Rank

VMCPX
VMCPX Risk / Return Rank: 2828
Overall Rank
VMCPX Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
VMCPX Sortino Ratio Rank: 2727
Sortino Ratio Rank
VMCPX Omega Ratio Rank: 2727
Omega Ratio Rank
VMCPX Calmar Ratio Rank: 2525
Calmar Ratio Rank
VMCPX Martin Ratio Rank: 3232
Martin Ratio Rank
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.

VSCPX vs. VMCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX) 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.


VSCPXVMCPXDifference

Sharpe ratio

Return per unit of total volatility

0.75

0.63

+0.12

Sortino ratio

Return per unit of downside risk

1.19

0.99

+0.20

Omega ratio

Gain probability vs. loss probability

1.16

1.14

+0.02

Calmar ratio

Return relative to maximum drawdown

0.97

0.73

+0.24

Martin ratio

Return relative to average drawdown

4.21

3.40

+0.81

VSCPX vs. VMCPX - Sharpe Ratio Comparison

The current VSCPX Sharpe Ratio is 0.75, which is comparable to the VMCPX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of VSCPX and VMCPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VSCPXVMCPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.75

0.63

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

0.37

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.55

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.59

-0.09

Correlation

The correlation between VSCPX and VMCPX is 0.96, 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

VSCPX vs. VMCPX - Dividend Comparison

VSCPX's dividend yield for the trailing twelve months is around 1.40%, less than VMCPX's 1.55% yield.


TTM20252024202320222021202020192018201720162015
VSCPX
Vanguard Small-Cap Index Fund Institutional Plus Shares
1.40%1.35%1.32%1.56%1.56%1.26%1.16%1.41%1.69%1.37%1.52%1.51%
VMCPX
Vanguard Mid-Cap Index Fund Institutional Plus Shares
1.55%1.53%1.50%1.52%1.61%1.13%1.45%1.49%1.84%1.37%1.47%1.50%

Drawdowns

VSCPX vs. VMCPX - Drawdown Comparison

The maximum VSCPX drawdown since its inception was -41.81%, which is greater than VMCPX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for VSCPX and VMCPX.


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Drawdown Indicators


VSCPXVMCPXDifference

Max Drawdown

Largest peak-to-trough decline

-41.81%

-39.30%

-2.51%

Max Drawdown (1Y)

Largest decline over 1 year

-14.29%

-12.77%

-1.52%

Max Drawdown (5Y)

Largest decline over 5 years

-28.13%

-27.54%

-0.59%

Max Drawdown (10Y)

Largest decline over 10 years

-41.81%

-39.30%

-2.51%

Current Drawdown

Current decline from peak

-8.97%

-8.13%

-0.84%

Average Drawdown

Average peak-to-trough decline

-6.55%

-5.26%

-1.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

2.74%

+0.55%

Volatility

VSCPX vs. VMCPX - Volatility Comparison

Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX) has a higher volatility of 5.90% compared to Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) at 4.23%. This indicates that VSCPX'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.


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Volatility by Period


VSCPXVMCPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.90%

4.23%

+1.67%

Volatility (6M)

Calculated over the trailing 6-month period

12.22%

9.43%

+2.79%

Volatility (1Y)

Calculated over the trailing 1-year period

21.62%

17.58%

+4.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.70%

17.63%

+3.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.53%

18.90%

+2.63%