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 0.07, 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.
Performance
VMNFX vs. RSP - Performance Comparison
Key characteristics
VMNFX:
-0.04
RSP:
0.29
VMNFX:
-0.01
RSP:
0.53
VMNFX:
1.00
RSP:
1.07
VMNFX:
-0.05
RSP:
0.28
VMNFX:
-0.11
RSP:
1.07
VMNFX:
2.38%
RSP:
4.58%
VMNFX:
6.61%
RSP:
17.13%
VMNFX:
-25.93%
RSP:
-59.92%
VMNFX:
-3.30%
RSP:
-9.75%
Returns By Period
In the year-to-date period, VMNFX achieves a 0.03% return, which is significantly higher than RSP's -3.71% return. Over the past 10 years, VMNFX has underperformed RSP with an annualized return of 3.27%, while RSP has yielded a comparatively higher 9.28% annualized return.
VMNFX
0.03%
0.53%
-1.04%
-0.76%
8.96%
3.27%
RSP
-3.71%
-2.26%
-5.47%
5.07%
13.12%
9.28%
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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 5.67%, more than RSP's 1.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.67% | 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 | 1.67% | 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 2.14%, while Invesco S&P 500® Equal Weight ETF (RSP) has a volatility of 12.78%. 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.