Vanguard Market Neutral Fund Institutional Shares (VMNIX)
Fund Info
US92205G2030
92205G203
Oct 19, 1998
$5,000,000
Expense Ratio
VMNIX has a high expense ratio of 1.25%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Vanguard Market Neutral Fund Institutional Shares (VMNIX) returned 1.56% year-to-date (YTD) and 1.58% over the past 12 months. Over the past 10 years, VMNIX returned 3.49% annually, underperforming the S&P 500 benchmark at 10.46%.
VMNIX
1.56%
1.52%
-0.07%
1.58%
9.71%
3.49%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.61% | 0.30% | -0.93% | 0.30% | 1.29% | 1.56% | |||||||
| 2024 | 4.40% | -0.65% | 1.74% | 1.01% | -1.71% | 0.29% | 3.47% | 0.70% | -0.48% | -1.32% | -1.70% | 0.16% | 5.84% |
| 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% | 0.26% | -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% | 23.40% |
| 2020 | 0.39% | -3.34% | -2.02% | 0.21% | -2.07% | 1.80% | 0.94% | -2.27% | -0.84% | -3.08% | -1.32% | -0.51% | -11.59% |
| 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% | -9.49% |
| 2018 | 1.55% | 0.25% | -0.25% | -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% | 0.19% | -4.82% |
| 2016 | 1.33% | 1.55% | -0.40% | -1.78% | -1.81% | -1.26% | 0.68% | -2.02% | 0.52% | 0.69% | 4.08% | 1.27% | 2.70% |
| 2015 | 1.14% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VMNIX is 48, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Vanguard Market Neutral Fund Institutional Shares provided a 5.65% dividend yield over the last twelve months, with an annual payout of $0.76 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.75 | $0.68 | $0.10 | $0.02 | $0.08 | $0.33 | $0.12 | $0.13 | $0.06 | $0.01 |
Dividend yield | 5.65% | 5.67% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 1.00% | 1.16% | 0.45% | 0.10% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | |||||||
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.75 |
| 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 | $0.13 |
| 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 | $0.06 |
| 2015 | $0.01 | $0.01 |
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.
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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 25.35%, occurring on Nov 9, 2020. Recovery took 305 trading sessions.
The current Vanguard Market Neutral Fund Institutional Shares drawdown is 1.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.35% | Jan 4, 2008 | 3236 | Nov 9, 2020 | 305 | Jan 26, 2022 | 3541 |
| -21.07% | Mar 28, 2000 | 209 | Jan 24, 2001 | 156 | Sep 6, 2001 | 365 |
| -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 |
| -9.68% | Jan 27, 1999 | 96 | Jun 14, 1999 | 123 | Dec 7, 1999 | 219 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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