ICSBX vs VMGIX Fund Comparison

A comparison between ICSBX and VMGIX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on ICSBX vs VMGIX

Here's an in depth look at the differences between Voya Short Term Bond Fund Class C($ICSBX) and Vanguard Mid-Cap Growth Index Fund Investor Shares($VMGIX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

  • icsbx
  • Mutual Fund
  • Bond
  • High Yield Bond

Voya Short Term Bond Fund Class C

Expenses: 1.40% (Better than 0% of similar funds)

This is a bad choice for a High Yield Bond Bond fund. See why »

  • vmgix
  • Mutual Fund
  • US Stocks
  • Mid-Cap Growth

Vanguard Mid-Cap Growth Index Fund Investor Shares

Expenses: 0.19% (Better than 1% of similar funds)

This is an OK choice for a Mid-Cap Growth US Stocks fund. See why »

Both $ICSBX and $VMGIX are categorized as Mutual Funds. Mutual funds are often offered by 401(k) platforms and are essentially the same as ETFs. Mutual funds are generally offered by an investment platform – Fidelity has Fidelity mutual funds, Vanguard has Vanguard mutual funds. Mutual funds are ideal for retirement investing since you can invest any amount. That allows you to invest every last cent and benefit from the market.

The biggest disadvantage of mutual funds is that you're usually limited to the funds on your investment platform. If you're investing on Fidelity, you'll want to pick Fidelity mutual funds (or any ETF). Same with Vanguard. Some platforms offer mutual funds from other platforms, but they may charge a purchse or redemption fee. I'd recommend using the same platform as your funds – or stick to ETFs.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

ICSBXVMGIX
Market Score 3.7 /10 9.6 /10
Category Score 0.0 /10 5.0 /10
Total3.714.6

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $VMGIX

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, ICSBX has an expense ratio of 1.40% while VMGIX has an expense ratio of 0.19%.

Winner: $VMGIX

Fund Size Comparison

One place these two funds differ is in their total assets under management. This is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

In the case of these two funds, ICSBX is a small fund with 177 Million in assets under management. VMGIX, on the other hand, is a large fund with 14 Billion in assets under management.

Winner: $VMGIX, Vanguard Mid-Cap Growth Index Fund Investor Shares

Which Should You Choose? ICSBX or VMGIX?

Comparing these two funds isn't an apples to apples comparison. ICSBX is a BondHigh Yield Bond fund, while VMGIX is a US StocksMid-Cap Growth fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives ICSBX a score of 20 and VMGIX a score of 86.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$ICSBX

Voya Short Term Bond Fund Class C

20

Read More
Ratings
Rating TypeRating
Expense Ratio Score3/10
Expense Rating0/10
Market Score4/10
Category Score0/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateDec-19-2012
ExchangeNMFQS
Expense Ratio1.400%
Net Assets177 Million
Yield1.41%
Holdings
DescriptionInfo
MarketBond
CategoryHigh Yield Bond
Sectors
  • Agency MBS ARM 0.00%
  • Agency MBS CMO 8.25%
  • Agency MBS Pass-Through 0.58%
  • Asset-Backed 20.26%
  • Bank Loan 0.00%
  • Cash & Equivalents -17.73%
  • Commercial MBS 20.34%
  • Convertible 1.64%
  • Corporate 46.98%
  • Corporate Bond 45.34%
  • Covered Bond 0.00%
  • Government 21.33%
  • Municipal 0.00%
  • Non-Agency Residential MBS 0.00%
  • Non-U.S. Government 0.00%
  • Other 0.00%
  • Other Government Related 20.65%
  • Preferred 0.00%
  • Securitized 49.42%
  • U.S. Agency 0.00%
  • U.S. Treasury 0.67%
  • U.S. Treasury Inflation-Protected 0.00%

$VMGIX

Vanguard Mid-Cap Growth Index Fund Investor Shares

86

Read More
Ratings
Rating TypeRating
Expense Ratio Score10/10
Expense Rating8/10
Market Score10/10
Category Score5/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateAug-17-2006
ExchangeNMFQS
Expense Ratio0.190%
Net Assets14 Billion
Yield0.76%
Holdings
DescriptionInfo
MarketUS Stocks
CategoryMid-Cap Growth
Sectors
  • Basic Materials 2.20%
  • Communication Services 5.88%
  • Consumer Cyclical 9.74%
  • Consumer Defensive 3.53%
  • Energy 3.98%
  • Financial Services 6.04%
  • Healthcare 16.16%
  • Industrials 15.87%
  • Real Estate 12.54%
  • Technology 23.87%
  • Utilities 0.19%
Regions
  • North America 100.00%

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