MDISX vs. VMNVX

Last updated Jun 24, 2026

MDISX (Franklin Mutual Global Discovery Fund) and VMNVX (Vanguard Global Minimum Volatility Fund Admiral Shares) are both Global Equities funds. Over the past 10 years, MDISX returned 8.87%/yr vs 8.87%/yr for VMNVX. A 0.78 correlation means they provide meaningful diversification when combined. MDISX charges 0.95%/yr vs 0.14%/yr for VMNVX.

Performance

MDISX vs. VMNVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual Global Discovery Fund (MDISX) and Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDISX achieves a 0.41% return, which is significantly lower than VMNVX's 8.02% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: MDISX at 8.87% and VMNVX at 8.87%.

MDISX

• 1D: -0.12%
• 1M: -1.10%
• YTD: 0.41%
• 6M: 0.31%
• 1Y: 11.51%
• 3Y*: 13.50%
• 5Y*: 9.47%
• 10Y*: 8.87%

VMNVX

• 1D: 0.12%
• 1M: -0.03%
• YTD: 8.02%
• 6M: 7.68%
• 1Y: 12.56%
• 3Y*: 13.41%
• 5Y*: 9.14%
• 10Y*: 8.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDISX vs. VMNVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDISX Franklin Mutual Global Discovery Fund	0.41%	23.75%	6.38%	20.48%	-4.73%	19.60%	-4.38%	24.74%	-10.86%	7.22%
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares	8.02%	12.83%	13.42%	7.94%	-4.46%	15.40%	-3.94%	22.66%	-1.70%	16.03%

Correlation

The correlation between MDISX and VMNVX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 17, 2013	0.78

The correlation between MDISX and VMNVX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

MDISX vs. VMNVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDISX

MDISX Risk / Return Rank: 15
MDISX Sharpe Ratio Rank: 15
MDISX Sortino Ratio Rank: 15
MDISX Omega Ratio Rank: 15
MDISX Calmar Ratio Rank: 14
MDISX Martin Ratio Rank: 14

VMNVX

VMNVX Risk / Return Rank: 45
VMNVX Sharpe Ratio Rank: 50
VMNVX Sortino Ratio Rank: 51
VMNVX Omega Ratio Rank: 46
VMNVX Calmar Ratio Rank: 36
VMNVX Martin Ratio Rank: 41

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.

MDISX vs. VMNVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund (MDISX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MDISX	VMNVX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.92	-0.91
Sortino ratio: Return per unit of downside risk	1.50	2.75	-1.25
Omega ratio: Gain probability vs. loss probability	1.19	1.34	-0.15
Calmar ratio: Return relative to maximum drawdown	1.21	2.16	-0.95
Martin ratio: Return relative to average drawdown	3.57	8.39	-4.82

MDISX vs. VMNVX - Sharpe Ratio Comparison

The current MDISX Sharpe Ratio is 1.01, which is lower than the VMNVX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MDISX 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.

Drawdowns

MDISX vs. VMNVX - Drawdown Comparison

The maximum MDISX drawdown since its inception was -40.15%, which is greater than VMNVX's maximum drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for MDISX and VMNVX.

Drawdown Indicators

	MDISX	VMNVX	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-33.11%	-7.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-6.24%	-3.85%
Max Drawdown (3Y) Largest decline over 3 years	-12.93%	-7.93%	-5.00%
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	-12.93%	-8.64%
Max Drawdown (10Y) Largest decline over 10 years	-40.15%	-33.11%	-7.04%
Current Drawdown Current decline from peak	-5.26%	-1.28%	-3.98%
Average Drawdown Average peak-to-trough decline	-5.27%	-2.80%	-2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	1.61%	+1.80%

Volatility

MDISX vs. VMNVX - Volatility Comparison

Franklin Mutual Global Discovery Fund (MDISX) has a higher volatility of 3.09% compared to Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) at 2.35%. This indicates that MDISX'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.

Volatility by Period

	MDISX	VMNVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	2.35%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	5.43%	+3.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	7.05%	+5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.68%	9.54%	+6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	11.96%	+5.15%

MDISX vs. VMNVX - Expense Ratio Comparison

MDISX has a 0.95% expense ratio, which is higher than VMNVX's 0.14% expense ratio.

Dividends

MDISX vs. VMNVX - Dividend Comparison

MDISX's dividend yield for the trailing twelve months is around 10.51%, more than VMNVX's 9.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDISX Franklin Mutual Global Discovery Fund	10.51%	10.55%	12.84%	7.12%	10.29%	8.75%	3.50%	7.21%	7.50%	2.97%	4.13%	7.77%
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares	9.32%	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

Can I hold both MDISX and VMNVX in my portfolio?

MDISX and VMNVX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDISX or VMNVX?

MDISX has higher volatility (3.09%) compared to VMNVX (2.35%). In terms of maximum drawdown, MDISX dropped -40.15% vs VMNVX's -33.11%.

Which has better risk-adjusted returns?

VMNVX currently has the higher Sharpe Ratio (1.92 vs 1.01), 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.