VMIN.AX vs. VGS.AX
VMIN.AX (Vanguard Global Minimum Volatility Active ETF) and VGS.AX (Vanguard MSCI Index International Shares ETF) are both Global Equities funds from Vanguard. VMIN.AX is actively managed, while VGS.AX is passively managed. Over the past 5 years, VMIN.AX returned 6.31%/yr vs 12.49%/yr for VGS.AX. At a 0.49 correlation, their price movements are largely independent.
Performance
VMIN.AX vs. VGS.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VMIN.AX achieves a 7.62% return, which is significantly higher than VGS.AX's 5.31% return.
VMIN.AX
- 1D
- 0.10%
- 1M
- 0.24%
- 6M
- 7.73%
- YTD
- 7.62%
- 1Y
- 11.44%
- 3Y*
- 11.75%
- 5Y*
- 6.31%
- 10Y*
- —
VGS.AX
- 1D
- -0.01%
- 1M
- 1.72%
- 6M
- 4.14%
- YTD
- 5.31%
- 1Y
- 13.66%
- 3Y*
- 17.60%
- 5Y*
- 12.49%
- 10Y*
- 13.63%
VMIN.AX vs. VGS.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VMIN.AX Vanguard Global Minimum Volatility Active ETF | 7.62% | 12.03% | 11.45% | 5.06% | -6.66% | 11.54% | -3.76% | 18.59% | 0.31% |
VGS.AX Vanguard MSCI Index International Shares ETF | 5.31% | 12.89% | 29.23% | 22.54% | -12.72% | 29.67% | 5.76% | 29.16% | -0.30% |
Correlation
The correlation between VMIN.AX and VGS.AX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2018 | 0.49 |
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Return for Risk
VMIN.AX vs. VGS.AX — Risk / Return Rank
VMIN.AX
VGS.AX
VMIN.AX vs. VGS.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Active ETF (VMIN.AX) and Vanguard MSCI Index International Shares ETF (VGS.AX). 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.
| VMIN.AX | VGS.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.28 | +0.76 |
| Martin ratioReturn relative to average drawdown | 8.77 | 3.83 | +4.94 |
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Drawdowns
VMIN.AX vs. VGS.AX - Drawdown Comparison
The maximum VMIN.AX drawdown since its inception was -31.28%, which is greater than VGS.AX's maximum drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for VMIN.AX and VGS.AX.
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Drawdown Indicators
| VMIN.AX | VGS.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.28% | -23.39% | -7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -10.72% | +4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -13.82% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -20.53% | +5.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.39% | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.36% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -4.18% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.65% | -2.28% |
Volatility
VMIN.AX vs. VGS.AX - Volatility Comparison
Vanguard Global Minimum Volatility Active ETF (VMIN.AX) has a higher volatility of 2.52% compared to Vanguard MSCI Index International Shares ETF (VGS.AX) at 2.21%. This indicates that VMIN.AX's price experiences larger fluctuations and is considered to be riskier than VGS.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMIN.AX | VGS.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 2.21% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 7.83% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.84% | 9.77% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.68% | 12.41% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.43% | 12.92% | -0.49% |
Dividends
VMIN.AX vs. VGS.AX - Dividend Comparison
VMIN.AX's dividend yield for the trailing twelve months is around 11.21%, more than VGS.AX's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGS.AX Vanguard MSCI Index International Shares ETF | 0.97% | 2.49% | 1.76% | 1.82% | 1.42% | 1.75% | 2.24% | 2.42% | 2.19% | 2.25% | 3.29% | 2.35% |
VMIN.AX Vanguard Global Minimum Volatility Active ETF | 11.21% | 6.54% | 0.88% | 0.00% | 0.00% | 10.76% | 4.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VMIN.AX and VGS.AX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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