VSMAX vs. VIMAX
Compare and contrast key facts about Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX).
VSMAX is managed by Vanguard. It was launched on Nov 13, 2000. VIMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSMAX or VIMAX.
Performance
VSMAX vs. VIMAX - Performance Comparison
Returns By Period
In the year-to-date period, VSMAX achieves a 20.15% return, which is significantly lower than VIMAX's 21.38% return. Both investments have delivered pretty close results over the past 10 years, with VSMAX having a 9.70% annualized return and VIMAX not far ahead at 10.14%.
VSMAX
20.15%
6.56%
15.93%
33.95%
11.31%
9.70%
VIMAX
21.38%
4.65%
15.02%
31.61%
11.78%
10.14%
Key characteristics
| VSMAX | VIMAX | |
|---|---|---|
| Sharpe Ratio | 2.03 | 2.61 |
| Sortino Ratio | 2.82 | 3.57 |
| Omega Ratio | 1.35 | 1.45 |
| Calmar Ratio | 2.04 | 2.18 |
| Martin Ratio | 11.17 | 15.71 |
| Ulcer Index | 3.11% | 2.05% |
| Daily Std Dev | 17.12% | 12.36% |
| Max Drawdown | -59.68% | -58.88% |
| Current Drawdown | -0.95% | 0.00% |
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VSMAX vs. VIMAX - Expense Ratio Comparison
Both VSMAX and VIMAX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between VSMAX and VIMAX 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.
Risk-Adjusted Performance
VSMAX vs. VIMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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
VSMAX vs. VIMAX - Dividend Comparison
VSMAX's dividend yield for the trailing twelve months is around 1.30%, less than VIMAX's 1.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.30% | 1.55% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% | 1.43% | 1.31% |
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.44% | 1.51% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
VSMAX vs. VIMAX - Drawdown Comparison
The maximum VSMAX drawdown since its inception was -59.68%, roughly equal to the maximum VIMAX drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for VSMAX and VIMAX. For additional features, visit the drawdowns tool.
Volatility
VSMAX vs. VIMAX - Volatility Comparison
Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) has a higher volatility of 5.62% compared to Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) at 3.94%. This indicates that VSMAX's price experiences larger fluctuations and is considered to be riskier than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.