PHSWX vs. VMNIX
Compare and contrast key facts about Parvin Hedged Equity Solari World Fund (PHSWX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX).
PHSWX is managed by Parvin Funds. It was launched on Jan 27, 2021. VMNIX is managed by Vanguard. It was launched on Oct 19, 1998.
Performance
PHSWX vs. VMNIX - Performance Comparison
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PHSWX vs. VMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PHSWX Parvin Hedged Equity Solari World Fund | 4.82% | 22.65% | 1.35% | 1.80% | -12.69% | 3.47% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 6.12% | 9.36% | 5.84% | 12.33% | 13.47% | 22.16% |
Returns By Period
In the year-to-date period, PHSWX achieves a 4.82% return, which is significantly lower than VMNIX's 6.12% return.
PHSWX
- 1D
- -0.36%
- 1M
- -11.50%
- YTD
- 4.82%
- 6M
- 5.04%
- 1Y
- 19.46%
- 3Y*
- 8.80%
- 5Y*
- 3.75%
- 10Y*
- —
VMNIX
- 1D
- 0.09%
- 1M
- 3.02%
- YTD
- 6.12%
- 6M
- 8.21%
- 1Y
- 16.09%
- 3Y*
- 11.80%
- 5Y*
- 12.53%
- 10Y*
- 4.06%
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PHSWX vs. VMNIX - Expense Ratio Comparison
PHSWX has a 0.01% expense ratio, which is lower than VMNIX's 1.25% expense ratio.
Return for Risk
PHSWX vs. VMNIX — Risk / Return Rank
PHSWX
VMNIX
PHSWX vs. VMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parvin Hedged Equity Solari World Fund (PHSWX) 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.
| PHSWX | VMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 2.20 | -0.96 |
Sortino ratioReturn per unit of downside risk | 1.71 | 3.25 | -1.54 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.37 | -2.06 |
Martin ratioReturn relative to average drawdown | 4.99 | 9.61 | -4.62 |
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
| PHSWX | VMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.20 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 1.75 | -1.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.31 | -0.31 |
Correlation
The correlation between PHSWX and VMNIX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PHSWX vs. VMNIX - Dividend Comparison
PHSWX's dividend yield for the trailing twelve months is around 0.46%, less than VMNIX's 3.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHSWX Parvin Hedged Equity Solari World Fund | 0.46% | 0.49% | 1.12% | 2.04% | 2.24% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 3.37% | 3.59% | 5.67% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 1.00% | 1.16% | 0.45% | 0.10% |
Drawdowns
PHSWX vs. VMNIX - Drawdown Comparison
The maximum PHSWX drawdown since its inception was -94.47%, which is greater than VMNIX's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for PHSWX and VMNIX.
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Drawdown Indicators
| PHSWX | VMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.47% | -27.90% | -66.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -4.95% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -94.47% | -6.69% | -87.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -93.08% | 0.00% | -93.08% |
Average DrawdownAverage peak-to-trough decline | -27.28% | -8.82% | -18.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 1.73% | +1.97% |
Volatility
PHSWX vs. VMNIX - Volatility Comparison
Parvin Hedged Equity Solari World Fund (PHSWX) has a higher volatility of 6.32% compared to Vanguard Market Neutral Fund Institutional Shares (VMNIX) at 1.54%. This indicates that PHSWX'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
| PHSWX | VMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 1.54% | +4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 5.73% | +7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.44% | 7.59% | +7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1,067.69% | 7.19% | +1,060.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,043.51% | 6.35% | +1,037.16% |