Vanguard Market Neutral Fund Institutional Shares (VMNIX)
Fund Info
US92205G2030
92205G203
Oct 19, 1998
$5,000,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Market Neutral Fund Institutional Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Vanguard Market Neutral Fund Institutional Shares had a return of 6.28% year-to-date (YTD) and 7.12% in the last 12 months. Over the past 10 years, Vanguard Market Neutral Fund Institutional Shares had an annualized return of 3.37%, while the S&P 500 had an annualized return of 11.16%, indicating that Vanguard Market Neutral Fund Institutional Shares did not perform as well as the benchmark.
VMNIX
6.28%
-0.99%
2.56%
7.12%
7.91%
3.37%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of VMNIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.40% | -0.65% | 1.74% | 1.01% | -1.71% | 0.29% | 3.47% | 0.70% | -0.49% | -1.32% | 6.28% | ||
| 2023 | -1.13% | 1.97% | -2.07% | -1.15% | 1.00% | 2.47% | 0.24% | 3.04% | 4.51% | 0.74% | 0.81% | 1.45% | 12.33% |
| 2022 | 5.38% | -0.95% | -0.00% | 4.28% | 0.84% | -2.16% | 0.25% | -0.76% | 2.13% | 2.34% | -1.31% | 2.95% | 13.47% |
| 2021 | 3.15% | -0.65% | 4.50% | -0.21% | 3.26% | -0.92% | 0.10% | 2.26% | 1.00% | -0.40% | 4.69% | 4.69% | 23.39% |
| 2020 | 0.39% | -3.34% | -2.02% | 0.21% | -2.07% | 1.80% | 0.93% | -2.26% | -0.84% | -3.08% | -1.32% | -0.50% | -11.58% |
| 2019 | -2.33% | -0.80% | -2.21% | -2.19% | -1.96% | -1.62% | 1.65% | 1.14% | 0.19% | -1.03% | -0.29% | -0.37% | -9.48% |
| 2018 | 1.55% | 0.25% | -0.26% | -1.19% | 2.06% | -1.77% | 1.03% | 1.87% | -0.25% | 0.67% | -3.65% | 0.49% | 0.66% |
| 2017 | -1.78% | -0.25% | -0.39% | -0.08% | -2.08% | 0.09% | 0.93% | -1.34% | 0.17% | 0.68% | -1.01% | 0.18% | -4.83% |
| 2016 | 1.33% | 1.55% | -0.40% | -1.78% | -1.81% | -1.26% | 0.68% | -2.02% | 0.52% | 0.68% | 4.08% | 1.27% | 2.70% |
| 2015 | 1.13% | -2.07% | 1.15% | -1.13% | 0.71% | -0.88% | 2.65% | -0.69% | 5.11% | -0.58% | -0.66% | 0.85% | 5.52% |
| 2014 | -0.09% | 1.00% | 1.90% | 0.71% | 0.97% | -1.57% | 0.80% | 0.09% | 0.00% | -0.09% | 0.88% | -0.26% | 4.38% |
| 2013 | 1.29% | 0.68% | 1.01% | 0.29% | 0.96% | 0.38% | 0.09% | -1.32% | 0.86% | 2.94% | 1.11% | 0.09% | 8.66% |
Expense Ratio
VMNIX has a high expense ratio of 1.25%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VMNIX is 34, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard Market Neutral Fund Institutional Shares (VMNIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Vanguard Market Neutral Fund Institutional Shares provided a 4.89% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.68 | $0.10 | $0.02 | $0.08 | $0.33 | $0.12 | $0.14 | $0.06 | $0.01 | $0.00 | $0.00 |
Dividend yield | 4.89% | 5.15% | 0.78% | 0.20% | 0.85% | 3.22% | 1.00% | 1.16% | 0.45% | 0.10% | 0.00% | 0.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Market Neutral Fund Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.33 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.12 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.14 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Market Neutral Fund Institutional Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Market Neutral Fund Institutional Shares was 25.29%, occurring on Nov 9, 2020. Recovery took 305 trading sessions.
The current Vanguard Market Neutral Fund Institutional Shares drawdown is 2.91%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.29% | Dec 21, 2016 | 978 | Nov 9, 2020 | 305 | Jan 26, 2022 | 1283 |
| -21.07% | Mar 28, 2000 | 212 | Jan 29, 2001 | 153 | Sep 6, 2001 | 365 |
| -21.05% | Jan 4, 2008 | 763 | Jan 12, 2011 | 1179 | Sep 21, 2015 | 1942 |
| -15.62% | Oct 9, 2002 | 346 | Feb 24, 2004 | 483 | Jan 24, 2006 | 829 |
| -12.45% | Oct 3, 2001 | 65 | Jan 4, 2002 | 77 | Apr 26, 2002 | 142 |
Volatility
Volatility Chart
The current Vanguard Market Neutral Fund Institutional Shares volatility is 2.22%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.