VMNFX vs. VIMAX
Compare and contrast key facts about Vanguard Market Neutral Fund Investor Shares (VMNFX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX).
VMNFX is managed by Vanguard. It was launched on Nov 11, 1998. VIMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNFX or VIMAX.
Key characteristics
| VMNFX | VIMAX | |
|---|---|---|
| YTD Return | 7.53% | 20.23% |
| 1Y Return | 7.41% | 37.52% |
| 3Y Return (Ann) | 14.02% | 3.81% |
| 5Y Return (Ann) | 8.28% | 11.77% |
| 10Y Return (Ann) | 3.49% | 10.25% |
| Sharpe Ratio | 1.27 | 2.87 |
| Sortino Ratio | 1.89 | 3.98 |
| Omega Ratio | 1.22 | 1.51 |
| Calmar Ratio | 2.40 | 1.89 |
| Martin Ratio | 5.41 | 17.85 |
| Ulcer Index | 1.46% | 2.04% |
| Daily Std Dev | 6.21% | 12.66% |
| Max Drawdown | -25.42% | -58.88% |
| Current Drawdown | -1.73% | 0.00% |
Correlation
The correlation between VMNFX and VIMAX is 0.01, 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. VIMAX - Performance Comparison
In the year-to-date period, VMNFX achieves a 7.53% return, which is significantly lower than VIMAX's 20.23% return. Over the past 10 years, VMNFX has underperformed VIMAX with an annualized return of 3.49%, while VIMAX has yielded a comparatively higher 10.25% 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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VMNFX vs. VIMAX - Expense Ratio Comparison
VMNFX has a 1.31% expense ratio, which is higher than VIMAX's 0.05% expense ratio.
Risk-Adjusted Performance
VMNFX vs. VIMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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. VIMAX - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 4.77%, more than VIMAX's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 4.77% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.45% | 1.51% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
VMNFX vs. VIMAX - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -25.42%, smaller than the maximum VIMAX drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for VMNFX and VIMAX. For additional features, visit the drawdowns tool.
Volatility
VMNFX vs. VIMAX - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Investor Shares (VMNFX) is 2.29%, while Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) has a volatility of 3.86%. This indicates that VMNFX experiences smaller price fluctuations and is considered to be less risky than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.