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Vanguard Market Neutral Fund Institutional Shares (VMNIX) belongs to the Long-Short category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with VMNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to VMNIX

VMNIX charges 1.25% annually. There are 8 mutual funds in the Long-Short category with lower expense ratios, going as low as 0.01%.


Best Risk-Adjusted Alternatives to VMNIX

VMNIX has a PortfoliosLab risk / return rank of 95. There is 1 mutual fund in the Long-Short category with a higher risk-adjusted rank, going as high as 96.


Top Performing VMNIX Alternatives (YTD)

VMNIX is at 15.75% YTD. There is 1 mutual fund in the Long-Short category with a higher YTD return, going as high as 19.07%.


Lowest Volatility Alternatives to VMNIX

VMNIX has 7.88% 1-year volatility. There are 14 mutual funds in the Long-Short category with lower 1-year volatility, going as low as 5.28%.


Lowest Drawdown Alternatives to VMNIX

VMNIX has a 1-year max drawdown of -4.65%. There are 9 mutual funds in the Long-Short category with shallower 1-year drawdowns, going as shallow as -2.82%.


Other Mutual Funds from Vanguard

The 10 most viewed Vanguard mutual funds shown here include VTSAX, VFIAX, VTIAX and span 8 categories. AUM among these funds goes as high as $2T.


Often Compared With VMNIX

Investors most often compare VMNIX with IMMX, QQQ, VIMAX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.


SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
Immix Biopharma, Inc.
96
101.15%
VMNIX vs IMMX
Invesco QQQ ETFNasdaq-100
58
16.13%
481.14BMar 1999VMNIX vs QQQ
Vanguard Mid-Cap Index Fund Admiral SharesMid Cap Blend Equities
35
12.34%
218.80BNov 2001VMNIX vs VIMAX
AQR Trend Total Return Fund Class ISystematic Trend
93
14.13%
Dec 2021VMNIX vs QNZIX
S&P 500 Index
71
9.79%
VMNIX vs ^GSPC
PIMCO RAE Worldwide Long/Short PLUS FundLong-Short
4
1.13%
Dec 2014VMNIX vs PWLIX
AQR Equity Market Neutral Fund Class NEquity Market Neutral
7
-8.36%
Oct 2014VMNIX vs QMNNX
Wasatch Long/Short Alpha FundLong-Short
4
11.00%
Sep 2021VMNIX vs WALSX
Easterly Snow Capital Long/Short Opportunity FundLong-Short
76
7.65%
Apr 2006VMNIX vs SNOIX
Weitz Partners III Opportunity FundLong-Short
4
1.39%
Dec 2005VMNIX vs WPOPX
BlackRock Global Equity Market Neutral Fund Class ...Equity Market Neutral
96
11.25%
Dec 2012VMNIX vs BDMIX
Gotham Total Return FundLong-Short
61
8.40%
Mar 2015VMNIX vs GTRFX
Boston Partners Long/Short Research FundLong-Short
53
6.13%
Sep 2010VMNIX vs BPIRX
Federated Hermes MDT Market Neutral ALong-Short
14
1.36%
Sep 2008VMNIX vs QAMNX
CRM Long/Short Opportunities FundLong-Short
29
10.17%
Aug 2016VMNIX vs CRIHX
Hussman Strategic Growth FundLong-Short
0
-9.14%
Jul 2000VMNIX vs HSGFX
Invenomic Fund Institutional ClassLong-Short
3
-6.05%
Jun 2017VMNIX vs BIVIX
Anchor Risk Managed Equity Strategies FundLong-Short
12
5.27%
Sep 2016VMNIX vs ATESX
Invenomic FundLong-Short
3
-6.17%
Jun 2017VMNIX vs BIVRX
AQR Long-Short Equity Fund Class NLong-Short, Actively Managed
58
-1.80%
Jul 2013VMNIX vs QLENX

Compare VMNIX with Any Fund or Stock

Compare VMNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.


 

Diversifiers

Pair VMNIX with funds that move differently

Vanguard Market Neutral Fund Institutional Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VMNIX.

Explore VMNIX Diversifiers