VSPMX vs. VMCIX
Compare and contrast key facts about Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) and Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX).
VSPMX is managed by Vanguard. It was launched on Mar 28, 2011. VMCIX is managed by Vanguard. It was launched on May 21, 1998.
Performance
VSPMX vs. VMCIX - Performance Comparison
Loading graphics...
VSPMX vs. VMCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | -0.37% | 7.11% | 12.83% | 17.42% | -13.12% | 24.66% | 13.53% | 26.12% | -11.14% | 16.18% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | -2.79% | 11.67% | 14.68% | 16.54% | -18.70% | 24.53% | 18.20% | 31.04% | -9.25% | 19.30% |
Returns By Period
In the year-to-date period, VSPMX achieves a -0.37% return, which is significantly higher than VMCIX's -2.79% return. Both investments have delivered pretty close results over the past 10 years, with VSPMX having a 10.11% annualized return and VMCIX not far ahead at 10.43%.
VSPMX
- 1D
- -0.82%
- 1M
- -8.03%
- YTD
- -0.37%
- 6M
- 1.27%
- 1Y
- 14.05%
- 3Y*
- 10.85%
- 5Y*
- 6.18%
- 10Y*
- 10.11%
VMCIX
- 1D
- -0.66%
- 1M
- -7.87%
- YTD
- -2.79%
- 6M
- -3.58%
- 1Y
- 10.31%
- 3Y*
- 11.79%
- 5Y*
- 6.51%
- 10Y*
- 10.43%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VSPMX vs. VMCIX - Expense Ratio Comparison
VSPMX has a 0.08% expense ratio, which is higher than VMCIX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VSPMX vs. VMCIX — Risk / Return Rank
VSPMX
VMCIX
VSPMX vs. VMCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) 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.
| VSPMX | VMCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.63 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.11 | 0.99 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.14 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.73 | +0.13 |
Martin ratioReturn relative to average drawdown | 3.77 | 3.40 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VSPMX | VMCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.63 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.37 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.55 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.47 | +0.12 |
Correlation
The correlation between VSPMX and VMCIX 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
VSPMX vs. VMCIX - Dividend Comparison
VSPMX's dividend yield for the trailing twelve months is around 1.40%, less than VMCIX's 1.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | 1.40% | 1.07% | 1.32% | 1.26% | 1.59% | 1.15% | 1.24% | 1.49% | 1.64% | 1.27% | 1.54% | 1.52% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.54% | 1.52% | 1.49% | 1.51% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% |
Drawdowns
VSPMX vs. VMCIX - Drawdown Comparison
The maximum VSPMX drawdown since its inception was -42.04%, smaller than the maximum VMCIX drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for VSPMX and VMCIX.
Loading graphics...
Drawdown Indicators
| VSPMX | VMCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.04% | -58.86% | +16.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.10% | -12.77% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -27.54% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -42.04% | -39.30% | -2.74% |
Current DrawdownCurrent decline from peak | -8.82% | -8.13% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -8.02% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.75% | +0.49% |
Volatility
VSPMX vs. VMCIX - Volatility Comparison
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) has a higher volatility of 5.75% compared to Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) at 4.23%. This indicates that VSPMX'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.
Loading graphics...
Volatility by Period
| VSPMX | VMCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 4.23% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.48% | 9.43% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 17.58% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 17.63% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 18.90% | +2.07% |