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 500 Equal Weight Index. It was launched on Apr 24, 2003.
Performance
VMNFX vs. RSP - Performance Comparison
Loading graphics...
VMNFX vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 5.66% | 9.27% | 5.78% | 12.23% | 13.48% | 23.24% | -11.58% | -9.57% | 0.60% | -4.89% |
RSP Invesco S&P 500 Equal Weight ETF | 0.94% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, VMNFX achieves a 5.66% return, which is significantly higher than RSP's 0.94% return. Over the past 10 years, VMNFX has underperformed RSP with an annualized return of 3.95%, while RSP has yielded a comparatively higher 11.21% annualized return.
VMNFX
- 1D
- -0.40%
- 1M
- 3.01%
- YTD
- 5.66%
- 6M
- 8.53%
- 1Y
- 15.15%
- 3Y*
- 11.56%
- 5Y*
- 12.36%
- 10Y*
- 3.95%
RSP
- 1D
- 0.32%
- 1M
- -5.49%
- YTD
- 0.94%
- 6M
- 2.11%
- 1Y
- 12.90%
- 3Y*
- 11.84%
- 5Y*
- 7.88%
- 10Y*
- 11.21%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VMNFX vs. RSP - Expense Ratio Comparison
VMNFX has a 1.31% expense ratio, which is higher than RSP's 0.20% expense ratio.
Return for Risk
VMNFX vs. RSP — Risk / Return Rank
VMNFX
RSP
VMNFX vs. RSP - Risk-Adjusted Trends 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.
| VMNFX | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 0.75 | +1.29 |
Sortino ratioReturn per unit of downside risk | 3.03 | 1.17 | +1.86 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.17 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.04 | +2.22 |
Martin ratioReturn relative to average drawdown | 9.21 | 4.64 | +4.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VMNFX | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.75 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.73 | 0.49 | +1.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.61 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.55 | -0.24 |
Correlation
The correlation between VMNFX and RSP is 0.05, 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.
Dividends
VMNFX vs. RSP - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 3.32%, more than RSP's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 3.32% | 3.53% | 5.61% | 5.09% | 0.75% | 0.16% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
VMNFX vs. RSP - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -26.42%, 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.
Loading graphics...
Drawdown Indicators
| VMNFX | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.42% | -59.92% | +33.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -12.54% | +7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -21.38% | +14.63% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | -39.04% | +13.95% |
Current DrawdownCurrent decline from peak | -0.40% | -5.66% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -6.69% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.80% | -1.06% |
Volatility
VMNFX vs. RSP - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Investor Shares (VMNFX) is 1.56%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 4.40%. 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.
Loading graphics...
Volatility by Period
| VMNFX | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 4.40% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 5.83% | 8.84% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 17.16% | -9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 16.20% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 18.36% | -12.02% |