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LPEFX vs. VMNVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LPEFX vs. VMNVX

Last updated Jun 4, 2026

LPEFX (ALPS/Red Rocks Global Opportunity Fund) and VMNVX (Vanguard Global Minimum Volatility Fund Admiral Shares) are both Global Equities funds. Over the past 10 years, LPEFX returned 9.16%/yr vs 8.74%/yr for VMNVX. A 0.67 correlation means they provide meaningful diversification when combined. LPEFX charges 1.46%/yr vs 0.14%/yr for VMNVX.

Performance

LPEFX vs. VMNVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/Red Rocks Global Opportunity Fund (LPEFX) and Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LPEFX achieves a -6.33% return, which is significantly lower than VMNVX's 8.44% return. Both investments have delivered pretty close results over the past 10 years, with LPEFX having a 9.16% annualized return and VMNVX not far behind at 8.74%.

LPEFX

1D
-0.19%
1M
3.09%
YTD
-6.33%
6M
-3.52%
1Y
-4.86%
3Y*
9.52%
5Y*
2.52%
10Y*
9.16%

VMNVX

1D
0.00%
1M
2.49%
YTD
8.44%
6M
8.97%
1Y
13.19%
3Y*
13.68%
5Y*
9.29%
10Y*
8.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LPEFX vs. VMNVX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LPEFX
ALPS/Red Rocks Global Opportunity Fund		-6.33%1.25%17.78%28.31%-28.82%23.70%9.35%49.57%-12.60%27.02%
VMNVX
Vanguard Global Minimum Volatility Fund Admiral Shares		8.44%12.83%13.42%7.94%-4.46%15.40%-3.94%22.66%-1.70%16.03%

Correlation

The correlation between LPEFX and VMNVX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (10Y)
Calculated over the trailing 10-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Dec 18, 2013

0.67

The correlation between LPEFX and VMNVX shifts across timeframes, from 0.52 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.

LPEFX vs. VMNVX - Sectors Allocation Comparison

Sectors
LPEFX
VMNVX

Financial Services

69.2%
12.8%

Technology

11.7%
20.9%

Industrials

9.9%
11.4%

Consumer Cyclical

4.5%
7.9%

Consumer Defensive

2.8%
10.1%

Communication Services

1.9%
9.8%

Basic Materials

-

0.2%

Energy

-

4.3%

Healthcare

-

12.8%

Real Estate

-

2.8%

Utilities

-

7.1%

Financial Services

LPEFX
69.2%
VMNVX
12.8%

Technology

LPEFX
11.7%
VMNVX
20.9%

Industrials

LPEFX
9.9%
VMNVX
11.4%

Consumer Cyclical

LPEFX
4.5%
VMNVX
7.9%

Consumer Defensive

LPEFX
2.8%
VMNVX
10.1%

Communication Services

LPEFX
1.9%
VMNVX
9.8%

Basic Materials

LPEFX

-

VMNVX
0.2%

Energy

LPEFX

-

VMNVX
4.3%

Healthcare

LPEFX

-

VMNVX
12.8%

Real Estate

LPEFX

-

VMNVX
2.8%

Utilities

LPEFX

-

VMNVX
7.1%

Compare stocks, funds, or ETFs

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ALPS/Red Rocks Global Opportunity Fund

Vanguard Global Minimum Volatility Fund Admiral Shares

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Often compared with VMNVX:
VMNVX vs. VMVFXVMNVX vs. VOOVMNVX vs. VIGVMNVX vs. vtwaxVMNVX vs. VVIAXVMNVX vs. HDVVMNVX vs. ^GSPC

Return for Risk

LPEFX vs. VMNVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LPEFX
LPEFX Risk / Return Rank: 22
Overall Rank
LPEFX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
LPEFX Sortino Ratio Rank: 22
Sortino Ratio Rank
LPEFX Omega Ratio Rank: 22
Omega Ratio Rank
LPEFX Calmar Ratio Rank: 22
Calmar Ratio Rank
LPEFX Martin Ratio Rank: 22
Martin Ratio Rank
VMNVX
VMNVX Risk / Return Rank: 3939
Overall Rank
VMNVX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
VMNVX Sortino Ratio Rank: 4444
Sortino Ratio Rank
VMNVX Omega Ratio Rank: 4242
Omega Ratio Rank
VMNVX Calmar Ratio Rank: 3131
Calmar Ratio Rank
VMNVX Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LPEFX vs. VMNVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Fund (LPEFX) and Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). 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.

LPEFXVMNVXDifference
Sharpe ratioReturn per unit of total volatility
-0.28
1.92

-2.20

Sortino ratioReturn per unit of downside risk
-0.28
2.76

-3.03

Omega ratioGain probability vs. loss probability

0.97

1.34

-0.38

Calmar ratioReturn relative to maximum drawdown

-0.23

2.10

-2.33

Martin ratioReturn relative to average drawdown

-0.54

8.20

-8.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LPEFX vs. VMNVX - Sharpe Ratio Comparison

The current LPEFX Sharpe Ratio is -0.28, which is lower than the VMNVX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of LPEFX and VMNVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LPEFXVMNVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.28

1.92

-2.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.10

0.98

-0.88

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.73

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

0.80

-0.60

Drawdowns

LPEFX vs. VMNVX - Drawdown Comparison

The maximum LPEFX drawdown since its inception was -77.00%, which is greater than VMNVX's maximum drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for LPEFX and VMNVX.

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Drawdown Indicators

LPEFXVMNVXDifference

Max Drawdown

Largest peak-to-trough decline

-77.00%

-33.11%

-43.89%

Max Drawdown (1Y)

Largest decline over 1 year

-22.00%

-6.24%

-15.76%

Max Drawdown (3Y)

Largest decline over 3 years

-22.00%

-7.93%

-14.07%

Max Drawdown (5Y)

Largest decline over 5 years

-49.19%

-12.93%

-36.26%

Max Drawdown (10Y)

Largest decline over 10 years

-49.19%

-33.11%

-16.08%

Current Drawdown

Current decline from peak

-18.14%

-0.18%

-17.96%

Average Drawdown

Average peak-to-trough decline

-22.76%

-2.81%

-19.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.25%

1.60%

+7.65%

Volatility

LPEFX vs. VMNVX - Volatility Comparison

ALPS/Red Rocks Global Opportunity Fund (LPEFX) has a higher volatility of 4.13% compared to Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) at 1.95%. This indicates that LPEFX's price experiences larger fluctuations and is considered to be riskier than VMNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LPEFXVMNVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

1.95%

+2.18%

Volatility (6M)

Calculated over the trailing 6-month period

14.15%

5.17%

+8.98%

Volatility (1Y)

Calculated over the trailing 1-year period

17.69%

6.83%

+10.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.50%

9.53%

+14.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.87%

11.96%

+10.91%

LPEFX vs. VMNVX - Expense Ratio Comparison

LPEFX has a 1.46% expense ratio, which is higher than VMNVX's 0.14% expense ratio.

Dividends

LPEFX vs. VMNVX - Dividend Comparison

LPEFX's dividend yield for the trailing twelve months is around 16.41%, more than VMNVX's 9.28% yield.

PositionTTM20252024202320222021202020192018201720162015
LPEFX
ALPS/Red Rocks Global Opportunity Fund		16.41%15.38%15.95%5.56%0.00%26.79%3.96%21.96%4.58%13.29%1.55%8.21%
VMNVX
Vanguard Global Minimum Volatility Fund Admiral Shares		9.28%10.07%3.84%3.13%5.03%6.33%2.15%4.62%7.37%2.31%2.82%3.30%

Frequently Asked Questions

LPEFX and VMNVX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LPEFX has higher volatility (4.13%) compared to VMNVX (1.95%). In terms of maximum drawdown, LPEFX dropped -77.00% vs VMNVX's -33.11%.

VMNVX currently has the higher Sharpe Ratio (1.92 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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