VMRGX vs WNYAX Fund Comparison

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

Group Created with Sketch.

Minafi's Take on VMRGX vs WNYAX

Here's an in depth look at the differences between Vanguard Morgan Growth Fund ($VMRGX) and Wilmington New York Municipal Bond Fund Class A ($WNYAX).

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.

93% FI Score
  • vmrgx
  • Mutual Fund
  • US Stocks
  • Large Growth

Vanguard Morgan Growth Fund

Expenses: 0.04% (Better than 1% of similar funds)

This is a great choice for a Large Growth US Stocks fund. See why »

28% FI Score
  • wnyax
  • Mutual Fund
  • Bond
  • Municipal Bond

Wilmington New York Municipal Bond Fund Class A

Expenses: 0.83% (Better than 0% of similar funds)

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

Both $VMRGX and $WNYAX 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.

VMRGX WNYAX
Market Score 9.4 /10 1.1 /10
Category Score 8.0 /10 8.0 /10
Total 17.4 9.1

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: $VMRGX

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, VMRGX has an expense ratio of 0.04% while WNYAX has an expense ratio of 0.83%.

Winner: $VMRGX

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, VMRGX is a large fund with 15.1 Billion in assets under management. WNYAX, on the other hand, is a small fund with 64.4 Million in assets under management.

Winner: $VMRGX, Vanguard Morgan Growth Fund

Which Should You Choose? VMRGX or WNYAX?

Comparing these two funds isn't an apples to apples comparison. VMRGX is a US Stocks Large Growth fund, while WNYAX is a Bond Municipal Bond 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 VMRGX a score of 93 and WNYAX a score of 28.

Winner: $VMRGX, Vanguard Morgan Growth Fund

$VMRGX

Vanguard Morgan Growth Fund

93

Read More
Ratings
Rating Type Rating
Expense Ratio Score 10 /10
Expense Rating 10 /10
Market Score 9 /10
Category Score 8 /10
Overview
Overview Details
Fund Type Mutual Fund
Inception Date Dec-31-1968
Exchange NMFQS
Expense Ratio 0.040%
Net Assets 15.1 Billion
Yield 0.59%
Holdings
Description Info
Market US Stocks
Category Large Growth

$WNYAX

Wilmington New York Municipal Bond Fund Class A

28

Read More
Ratings
Rating Type Rating
Expense Ratio Score 4 /10
Expense Rating 2 /10
Market Score 1 /10
Category Score 8 /10
Overview
Overview Details
Fund Type Mutual Fund
Inception Date Sep-22-1993
Exchange NMFQS
Expense Ratio 0.830%
Net Assets 64.4 Million
Yield 1.42%
Holdings
Description Info
Market Bond
Category Municipal Bond
Sectors
  • Advance Refunded 2.08%
  • Cash & Equivalents 3.37%
  • Education 26.29%
  • Health 7.54%
  • Housing 20.06%
  • Industrial 2.14%
  • Miscellaneous Revenue 13.00%
  • Municipal 96.63%
  • Other 0.00%
  • State and Local General Obligation 7.92%
  • Tobacco 0.00%
  • Transportation 14.06%
  • Utilities 1.90%
  • Water & Sewer 1.65%

Adam says: Learn how to confidently invest for retirement!

Join the Minafi Investor Bootcamp to see how.

This 10-course bootcamp starts at only $10 for everything!

Minafi - The intersection of FI, minimalism & mindfulness.

Don't miss out on new posts, courses, interactive articles and more!

Join & Get Your First Course Free

© 2024   Adam Fortuna

Site Map
Triangle Graduation Cap Angle Down Book regular Phone laptop regular fire regular fire regular search regular Acorn duotone Seedling duotone thumbs up duo thumbs down duo