VEIRX vs. VMRXX
Compare and contrast key facts about Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX).
VEIRX is managed by Vanguard. It was launched on Aug 13, 2001. VMRXX is an actively managed fund by Vanguard. It was launched on Oct 3, 1989.
Performance
VEIRX vs. VMRXX - Performance Comparison
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VEIRX vs. VMRXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 1.50% | 17.25% | 14.91% | 7.76% | -0.08% | 7.84% |
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 0.59% | 4.25% | 3.45% | 4.65% | 0.00% | 0.01% |
Returns By Period
In the year-to-date period, VEIRX achieves a 1.50% return, which is significantly higher than VMRXX's 0.59% return.
VEIRX
- 1D
- 1.63%
- 1M
- -4.28%
- YTD
- 1.50%
- 6M
- 4.80%
- 1Y
- 16.06%
- 3Y*
- 14.61%
- 5Y*
- 10.79%
- 10Y*
- 11.33%
VMRXX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.59%
- 6M
- 1.59%
- 1Y
- 3.76%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
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VEIRX vs. VMRXX - Expense Ratio Comparison
VEIRX has a 0.19% expense ratio, which is higher than VMRXX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VEIRX vs. VMRXX — Risk / Return Rank
VEIRX
VMRXX
VEIRX vs. VMRXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). 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.
| VEIRX | VMRXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 3.51 | -2.45 |
Sortino ratioReturn per unit of downside risk | 1.53 | — | — |
Omega ratioGain probability vs. loss probability | 1.23 | — | — |
Calmar ratioReturn relative to maximum drawdown | 1.54 | — | — |
Martin ratioReturn relative to average drawdown | 6.76 | — | — |
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
| VEIRX | VMRXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 3.51 | -2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 2.69 | -2.20 |
Correlation
The correlation between VEIRX and VMRXX is 0.03, 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
VEIRX vs. VMRXX - Dividend Comparison
VEIRX's dividend yield for the trailing twelve months is around 10.94%, more than VMRXX's 3.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIRX Vanguard Equity Income Fund Admiral Shares | 10.94% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 3.69% | 4.15% | 3.38% | 4.54% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VEIRX vs. VMRXX - Drawdown Comparison
The maximum VEIRX drawdown since its inception was -54.02%, which is greater than VMRXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VEIRX and VMRXX.
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Drawdown Indicators
| VEIRX | VMRXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | 0.00% | -54.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.96% | 0.00% | -10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -15.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.26% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | 0.00% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -6.54% | 0.00% | -6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 0.00% | +2.49% |
Volatility
VEIRX vs. VMRXX - Volatility Comparison
Vanguard Equity Income Fund Admiral Shares (VEIRX) has a higher volatility of 3.67% compared to Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) at 0.00%. This indicates that VEIRX's price experiences larger fluctuations and is considered to be riskier than VMRXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEIRX | VMRXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 0.00% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 0.77% | +7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 1.17% | +13.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 1.01% | +12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 1.01% | +15.29% |