Correlation
The correlation between VIPIX and VMNFX is 0.07, 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.
VIPIX vs. VMNFX
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and Vanguard Market Neutral Fund Investor Shares (VMNFX).
VIPIX is managed by Vanguard. It was launched on Dec 12, 2003. VMNFX is managed by Vanguard. It was launched on Nov 11, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIPIX or VMNFX.
Performance
VIPIX vs. VMNFX - Performance Comparison
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Key characteristics
VIPIX:
1.23
VMNFX:
0.74
VIPIX:
1.75
VMNFX:
1.27
VIPIX:
1.22
VMNFX:
1.15
VIPIX:
0.62
VMNFX:
1.00
VIPIX:
3.61
VMNFX:
2.38
VIPIX:
1.69%
VMNFX:
2.29%
VIPIX:
4.83%
VMNFX:
6.51%
VIPIX:
-15.04%
VMNFX:
-25.93%
VIPIX:
-4.09%
VMNFX:
-0.01%
Returns By Period
In the year-to-date period, VIPIX achieves a 3.66% return, which is significantly higher than VMNFX's 3.43% return. Over the past 10 years, VIPIX has underperformed VMNFX with an annualized return of 2.51%, while VMNFX has yielded a comparatively higher 3.62% annualized return.
VIPIX
3.66%
-0.32%
1.91%
5.53%
0.81%
1.55%
2.51%
VMNFX
3.43%
3.01%
3.57%
4.46%
8.29%
10.20%
3.62%
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VIPIX vs. VMNFX - Expense Ratio Comparison
VIPIX has a 0.07% expense ratio, which is lower than VMNFX's 1.31% expense ratio.
Risk-Adjusted Performance
VIPIX vs. VMNFX — Risk-Adjusted Performance Rank
VIPIX
VMNFX
VIPIX vs. VMNFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and Vanguard Market Neutral Fund Investor Shares (VMNFX). 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.
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Dividends
VIPIX vs. VMNFX - Dividend Comparison
VIPIX's dividend yield for the trailing twelve months is around 4.19%, less than VMNFX's 5.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 4.19% | 4.20% | 4.34% | 8.49% | 5.16% | 1.41% | 2.32% | 3.16% | 2.45% | 3.50% | 0.91% | 2.39% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.49% | 5.61% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% |
Drawdowns
VIPIX vs. VMNFX - Drawdown Comparison
The maximum VIPIX drawdown since its inception was -15.04%, smaller than the maximum VMNFX drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for VIPIX and VMNFX.
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Volatility
VIPIX vs. VMNFX - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) has a higher volatility of 1.47% compared to Vanguard Market Neutral Fund Investor Shares (VMNFX) at 1.38%. This indicates that VIPIX's price experiences larger fluctuations and is considered to be riskier than VMNFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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