VMNFX vs. VIPIX
Compare and contrast key facts about Vanguard Market Neutral Fund Investor Shares (VMNFX) and Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX).
VMNFX is managed by Vanguard. It was launched on Nov 11, 1998. VIPIX is managed by Vanguard. It was launched on Dec 12, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNFX or VIPIX.
Performance
VMNFX vs. VIPIX - Performance Comparison
Returns By Period
In the year-to-date period, VMNFX achieves a 6.32% return, which is significantly higher than VIPIX's 2.73% return. Over the past 10 years, VMNFX has outperformed VIPIX with an annualized return of 3.31%, while VIPIX has yielded a comparatively lower 2.18% annualized return.
VMNFX
6.32%
-1.13%
2.03%
7.12%
7.89%
3.31%
VIPIX
2.73%
-1.26%
2.57%
5.64%
2.04%
2.18%
Key characteristics
| VMNFX | VIPIX | |
|---|---|---|
| Sharpe Ratio | 1.13 | 1.22 |
| Sortino Ratio | 1.67 | 1.80 |
| Omega Ratio | 1.20 | 1.22 |
| Calmar Ratio | 2.13 | 0.50 |
| Martin Ratio | 5.18 | 5.14 |
| Ulcer Index | 1.35% | 1.19% |
| Daily Std Dev | 6.19% | 4.99% |
| Max Drawdown | -25.42% | -15.04% |
| Current Drawdown | -2.83% | -6.68% |
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VMNFX vs. VIPIX - Expense Ratio Comparison
VMNFX has a 1.31% expense ratio, which is higher than VIPIX's 0.07% expense ratio.
Correlation
The correlation between VMNFX and VIPIX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
VMNFX vs. VIPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) and Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX). 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. VIPIX - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 4.82%, more than VIPIX's 4.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 4.82% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 4.36% | 4.34% | 8.49% | 5.16% | 1.41% | 2.32% | 3.16% | 2.45% | 3.50% | 0.91% | 2.39% | 2.21% |
Drawdowns
VMNFX vs. VIPIX - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -25.42%, which is greater than VIPIX's maximum drawdown of -15.04%. Use the drawdown chart below to compare losses from any high point for VMNFX and VIPIX. For additional features, visit the drawdowns tool.
Volatility
VMNFX vs. VIPIX - Volatility Comparison
Vanguard Market Neutral Fund Investor Shares (VMNFX) has a higher volatility of 2.26% compared to Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) at 1.18%. This indicates that VMNFX's price experiences larger fluctuations and is considered to be riskier than VIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.