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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSPMX or VMCIX.
Performance
VSPMX vs. VMCIX - Performance Comparison
Returns By Period
In the year-to-date period, VSPMX achieves a 17.71% return, which is significantly lower than VMCIX's 19.79% return. Both investments have delivered pretty close results over the past 10 years, with VSPMX having a 10.07% annualized return and VMCIX not far behind at 10.05%.
VSPMX
17.71%
2.42%
8.90%
29.51%
11.93%
10.07%
VMCIX
19.79%
2.66%
11.90%
30.52%
11.50%
10.05%
Key characteristics
| VSPMX | VMCIX | |
|---|---|---|
| Sharpe Ratio | 1.82 | 2.46 |
| Sortino Ratio | 2.58 | 3.38 |
| Omega Ratio | 1.32 | 1.43 |
| Calmar Ratio | 2.85 | 1.99 |
| Martin Ratio | 10.37 | 14.74 |
| Ulcer Index | 2.78% | 2.05% |
| Daily Std Dev | 15.88% | 12.30% |
| Max Drawdown | -42.04% | -58.86% |
| Current Drawdown | -2.72% | -1.12% |
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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%.
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.
Risk-Adjusted Performance
VSPMX vs. VMCIX - Risk-Adjusted Performance 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.
Dividends
VSPMX vs. VMCIX - Dividend Comparison
VSPMX's dividend yield for the trailing twelve months is around 1.30%, less than VMCIX's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSPMX Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares | 1.30% | 1.27% | 1.60% | 1.15% | 1.24% | 1.49% | 1.64% | 1.27% | 1.54% | 1.52% | 1.32% | 0.97% |
VMCIX Vanguard Mid-Cap Index Fund Institutional Shares | 1.46% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.83% | 1.36% | 1.46% | 1.48% | 1.29% | 1.18% |
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. For additional features, visit the drawdowns tool.
Volatility
VSPMX vs. VMCIX - Volatility Comparison
Vanguard S&P Mid-Cap 400 Index Fund Institutional Shares (VSPMX) has a higher volatility of 5.25% compared to Vanguard Mid-Cap Index Fund Institutional Shares (VMCIX) at 3.80%. 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.