Vanguard Market Neutral Fund Institutional Shares (VMNIX)
Fund Info
| ISIN | US92205G2030 |
|---|---|
| CUSIP | 92205G203 |
| Issuer | Vanguard |
| Inception Date | Oct 19, 1998 |
| Category | Long-Short |
| Min. Investment | $5,000,000 |
| Home Page | advisors.vanguard.com |
| Asset Class | Equity |
Expense Ratio
The Vanguard Market Neutral Fund Institutional Shares has a high expense ratio of 1.25%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: VMNIX vs. IMMX, VMNIX vs. QQQ, VMNIX vs. VMNFX, VMNIX vs. VIMAX
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 6.21% year-to-date (YTD) and 22.24% in the last 12 months. Over the past 10 years, Vanguard Market Neutral Fund Institutional Shares had an annualized return of 3.45%, while the S&P 500 had an annualized return of 10.46%, indicating that Vanguard Market Neutral Fund Institutional Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.21% | 5.84% |
| 1 month | 0.34% | -2.98% |
| 6 months | 9.59% | 22.02% |
| 1 year | 22.24% | 24.47% |
| 5 years (annualized) | 7.54% | 11.44% |
| 10 years (annualized) | 3.45% | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.40% | -0.65% | 1.74% | |||||||||
| 2023 | 4.51% | 0.74% | 0.81% | 1.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Vanguard Market Neutral Fund Institutional Shares(VMNIX)
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 granted a 4.88% dividend yield in the last twelve months. The annual payout for that period amounted to $0.68 per share.
| 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 | $0.13 | $0.06 | $0.01 | $0.00 | $0.00 |
Dividend yield | 4.88% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $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.
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 0.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.29% | Dec 21, 2016 | 978 | Nov 9, 2020 | 305 | Jan 26, 2022 | 1283 |
| -21.05% | Jan 4, 2008 | 762 | Jan 12, 2011 | 1178 | Sep 21, 2015 | 1940 |
| -7.15% | Feb 26, 2016 | 138 | Sep 12, 2016 | 70 | Dec 20, 2016 | 208 |
| -6.69% | May 12, 2022 | 60 | Aug 8, 2022 | 51 | Oct 19, 2022 | 111 |
| -4.71% | Oct 25, 2022 | 16 | Nov 15, 2022 | 22 | Dec 16, 2022 | 38 |
Volatility
Volatility Chart
The current Vanguard Market Neutral Fund Institutional Shares volatility is 1.64%, 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.