BPIRX vs. VMNIX
Compare and contrast key facts about Boston Partners Long/Short Research Fund (BPIRX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX).
BPIRX is managed by Boston Partners. It was launched on Sep 29, 2010. VMNIX is managed by Vanguard. It was launched on Oct 19, 1998.
Performance
BPIRX vs. VMNIX - Performance Comparison
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BPIRX vs. VMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BPIRX Boston Partners Long/Short Research Fund | -0.71% | 14.90% | 13.49% | 4.75% | 6.48% | 23.74% | -8.25% | 12.60% | -10.59% | 10.10% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 5.62% | 9.36% | 5.84% | 12.33% | 13.47% | 23.39% | -11.58% | -9.48% | 0.66% | -4.83% |
Returns By Period
In the year-to-date period, BPIRX achieves a -0.71% return, which is significantly lower than VMNIX's 5.62% return. Over the past 10 years, BPIRX has outperformed VMNIX with an annualized return of 6.55%, while VMNIX has yielded a comparatively lower 4.01% annualized return.
BPIRX
- 1D
- 1.38%
- 1M
- -5.04%
- YTD
- -0.71%
- 6M
- 0.66%
- 1Y
- 12.33%
- 3Y*
- 11.54%
- 5Y*
- 10.57%
- 10Y*
- 6.55%
VMNIX
- 1D
- -0.47%
- 1M
- 2.96%
- YTD
- 5.62%
- 6M
- 8.54%
- 1Y
- 15.19%
- 3Y*
- 11.63%
- 5Y*
- 12.42%
- 10Y*
- 4.01%
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BPIRX vs. VMNIX - Expense Ratio Comparison
BPIRX has a 1.40% expense ratio, which is higher than VMNIX's 1.25% expense ratio.
Return for Risk
BPIRX vs. VMNIX — Risk / Return Rank
BPIRX
VMNIX
BPIRX vs. VMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boston Partners Long/Short Research Fund (BPIRX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BPIRX | VMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 2.06 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.66 | 3.04 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.25 | -1.42 |
Martin ratioReturn relative to average drawdown | 7.40 | 9.26 | -1.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BPIRX | VMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.06 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.74 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.63 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.31 | +0.38 |
Correlation
The correlation between BPIRX and VMNIX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BPIRX vs. VMNIX - Dividend Comparison
BPIRX's dividend yield for the trailing twelve months is around 10.73%, more than VMNIX's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPIRX Boston Partners Long/Short Research Fund | 10.73% | 10.65% | 11.38% | 11.29% | 20.90% | 12.51% | 0.00% | 2.28% | 5.50% | 0.00% | 0.00% | 3.88% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 3.38% | 3.59% | 5.67% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 1.00% | 1.16% | 0.45% | 0.10% |
Drawdowns
BPIRX vs. VMNIX - Drawdown Comparison
The maximum BPIRX drawdown since its inception was -30.59%, which is greater than VMNIX's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for BPIRX and VMNIX.
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Drawdown Indicators
| BPIRX | VMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.59% | -27.90% | -2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -4.95% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -6.69% | -8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -30.59% | -24.95% | -5.64% |
Current DrawdownCurrent decline from peak | -5.17% | -0.47% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -8.82% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.73% | +0.02% |
Volatility
BPIRX vs. VMNIX - Volatility Comparison
Boston Partners Long/Short Research Fund (BPIRX) has a higher volatility of 3.37% compared to Vanguard Market Neutral Fund Institutional Shares (VMNIX) at 1.57%. This indicates that BPIRX's price experiences larger fluctuations and is considered to be riskier than VMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BPIRX | VMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 1.57% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 5.76% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 7.60% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.50% | 7.19% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 6.35% | +5.30% |