VMMSX vs. GSY
Compare and contrast key facts about Vanguard Emerging Markets Select Stock Fund (VMMSX) and Invesco Ultra Short Duration ETF (GSY).
VMMSX is managed by Vanguard. It was launched on Jun 27, 2011. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMMSX or GSY.
Key characteristics
| VMMSX | GSY | |
|---|---|---|
| YTD Return | 11.47% | 5.18% |
| 1Y Return | 18.83% | 6.65% |
| 3Y Return (Ann) | -1.39% | 3.69% |
| 5Y Return (Ann) | 4.38% | 2.69% |
| 10Y Return (Ann) | 4.20% | 2.40% |
| Sharpe Ratio | 1.23 | 10.86 |
| Sortino Ratio | 1.80 | 27.50 |
| Omega Ratio | 1.22 | 6.30 |
| Calmar Ratio | 0.74 | 66.64 |
| Martin Ratio | 5.73 | 341.54 |
| Ulcer Index | 3.41% | 0.02% |
| Daily Std Dev | 15.89% | 0.62% |
| Max Drawdown | -39.28% | -12.14% |
| Current Drawdown | -12.43% | 0.00% |
Correlation
The correlation between VMMSX and GSY is 0.06, 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.
Performance
VMMSX vs. GSY - Performance Comparison
In the year-to-date period, VMMSX achieves a 11.47% return, which is significantly higher than GSY's 5.18% return. Over the past 10 years, VMMSX has outperformed GSY with an annualized return of 4.20%, while GSY has yielded a comparatively lower 2.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMMSX vs. GSY - Expense Ratio Comparison
VMMSX has a 0.84% expense ratio, which is higher than GSY's 0.22% expense ratio.
Risk-Adjusted Performance
VMMSX vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Select Stock Fund (VMMSX) and Invesco Ultra Short Duration ETF (GSY). 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.
Dividends
VMMSX vs. GSY - Dividend Comparison
VMMSX's dividend yield for the trailing twelve months is around 2.73%, less than GSY's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMMSX Vanguard Emerging Markets Select Stock Fund | 2.73% | 3.04% | 3.71% | 1.99% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% | 1.39% | 1.32% |
GSY Invesco Ultra Short Duration ETF | 5.65% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
Drawdowns
VMMSX vs. GSY - Drawdown Comparison
The maximum VMMSX drawdown since its inception was -39.28%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for VMMSX and GSY. For additional features, visit the drawdowns tool.
Volatility
VMMSX vs. GSY - Volatility Comparison
Vanguard Emerging Markets Select Stock Fund (VMMSX) has a higher volatility of 5.13% compared to Invesco Ultra Short Duration ETF (GSY) at 0.12%. This indicates that VMMSX's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.