VMNFX vs. JNJ
VMNFX (Vanguard Market Neutral Fund Investor Shares) is Long-Short fund managed by Vanguard, while JNJ (Johnson & Johnson) is a stock. Over the past 10 years, VMNFX returned 5.04%/yr vs 10.46%/yr for JNJ. At a correlation of -0.02, they often move in opposite directions.
Performance
VMNFX vs. JNJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VMNFX achieves a 12.24% return, which is significantly lower than JNJ's 17.68% return. Over the past 10 years, VMNFX has underperformed JNJ with an annualized return of 5.04%, while JNJ has yielded a comparatively higher 10.46% annualized return.
VMNFX
- 1D
- 0.32%
- 1M
- 1.75%
- YTD
- 12.24%
- 6M
- 13.84%
- 1Y
- 19.63%
- 3Y*
- 13.34%
- 5Y*
- 13.18%
- 10Y*
- 5.04%
JNJ
- 1D
- 1.07%
- 1M
- 5.14%
- YTD
- 17.68%
- 6M
- 15.11%
- 1Y
- 57.60%
- 3Y*
- 17.82%
- 5Y*
- 10.94%
- 10Y*
- 10.46%
VMNFX vs. JNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 12.24% | 9.27% | 5.78% | 12.23% | 13.48% | 23.24% | -11.58% | -9.57% | 0.60% | -4.89% |
JNJ Johnson & Johnson | 17.68% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
Correlation
The correlation between VMNFX and JNJ is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 1998 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VMNFX vs. JNJ — Risk / Return Rank
VMNFX
JNJ
VMNFX vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) and Johnson & Johnson (JNJ). 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.
| VMNFX | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.61 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 5.28 | -0.95 |
| Martin ratioReturn relative to average drawdown | 12.14 | 15.52 | -3.39 |
Loading charts...
Drawdowns
VMNFX vs. JNJ - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -26.42%, smaller than the maximum JNJ drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for VMNFX and JNJ.
Loading charts...
Drawdown Indicators
| VMNFX | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.42% | -50.67% | +24.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -10.96% | +6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -15.95% | +10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -18.41% | +11.66% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | -27.37% | +2.28% |
Current DrawdownCurrent decline from peak | -0.19% | -2.54% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -11.90% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 3.72% | -2.06% |
Volatility
VMNFX vs. JNJ - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Investor Shares (VMNFX) is 1.65%, while Johnson & Johnson (JNJ) has a volatility of 5.47%. This indicates that VMNFX experiences smaller price fluctuations and is considered to be less risky than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VMNFX | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 5.47% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 12.16% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 16.94% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 16.87% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 18.48% | -12.09% |
Dividends
VMNFX vs. JNJ - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 3.13%, more than JNJ's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.18% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
VMNFX Vanguard Market Neutral Fund Investor Shares | 3.13% | 3.53% | 5.61% | 5.09% | 0.75% | 0.16% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% |
Frequently Asked Questions
VMNFX and JNJ have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNJ has higher volatility (5.47%) compared to VMNFX (1.65%). In terms of maximum drawdown, VMNFX dropped -26.42% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.42 vs 2.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VMNFX and JNJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer