VMNFX vs. RSP
Compare and contrast key facts about Vanguard Market Neutral Fund Investor Shares (VMNFX) and Invesco S&P 500® Equal Weight ETF (RSP).
VMNFX is managed by Vanguard. It was launched on Nov 11, 1998. RSP is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index. It was launched on Apr 30, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNFX or RSP.
Correlation
The correlation between VMNFX and RSP 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
VMNFX vs. RSP - Performance Comparison
Key characteristics
VMNFX:
-0.25
RSP:
-0.31
VMNFX:
-0.32
RSP:
-0.31
VMNFX:
0.96
RSP:
0.96
VMNFX:
-0.30
RSP:
-0.28
VMNFX:
-0.73
RSP:
-1.26
VMNFX:
2.25%
RSP:
3.48%
VMNFX:
6.47%
RSP:
14.17%
VMNFX:
-25.93%
RSP:
-59.92%
VMNFX:
-3.88%
RSP:
-15.53%
Returns By Period
In the year-to-date period, VMNFX achieves a -0.57% return, which is significantly higher than RSP's -9.87% return. Over the past 10 years, VMNFX has underperformed RSP with an annualized return of 3.20%, while RSP has yielded a comparatively higher 8.63% annualized return.
VMNFX
-0.57%
-0.42%
-3.75%
-1.43%
9.04%
3.20%
RSP
-9.87%
-10.78%
-11.24%
-3.41%
16.45%
8.63%
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VMNFX vs. RSP - Expense Ratio Comparison
VMNFX has a 1.31% expense ratio, which is higher than RSP's 0.20% expense ratio.
Risk-Adjusted Performance
VMNFX vs. RSP — Risk-Adjusted Performance Rank
VMNFX
RSP
VMNFX vs. RSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) and Invesco S&P 500® Equal Weight ETF (RSP). 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
VMNFX vs. RSP - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 5.71%, more than RSP's 1.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.71% | 5.61% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% |
RSP Invesco S&P 500® Equal Weight ETF | 1.79% | 1.52% | 1.63% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% | 1.46% |
Drawdowns
VMNFX vs. RSP - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -25.93%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for VMNFX and RSP. For additional features, visit the drawdowns tool.
Volatility
VMNFX vs. RSP - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Investor Shares (VMNFX) is 2.44%, while Invesco S&P 500® Equal Weight ETF (RSP) has a volatility of 8.63%. This indicates that VMNFX experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.