VMNFX vs. VOO
Compare and contrast key facts about Vanguard Market Neutral Fund Investor Shares (VMNFX) and Vanguard S&P 500 ETF (VOO).
VMNFX is managed by Vanguard. It was launched on Nov 11, 1998. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNFX or VOO.
Key characteristics
VMNFX | VOO | |
---|---|---|
YTD Return | 8.59% | 21.15% |
1Y Return | 12.26% | 35.80% |
3Y Return (Ann) | 15.04% | 10.40% |
5Y Return (Ann) | 8.20% | 15.95% |
10Y Return (Ann) | 3.56% | 13.24% |
Sharpe Ratio | 2.03 | 2.69 |
Daily Std Dev | 6.24% | 12.57% |
Max Drawdown | -25.42% | -33.99% |
Current Drawdown | -0.76% | -0.20% |
Correlation
The correlation between VMNFX and VOO 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. VOO - Performance Comparison
In the year-to-date period, VMNFX achieves a 8.59% return, which is significantly lower than VOO's 21.15% return. Over the past 10 years, VMNFX has underperformed VOO with an annualized return of 3.56%, while VOO has yielded a comparatively higher 13.24% 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. VOO - Expense Ratio Comparison
VMNFX has a 1.31% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
VMNFX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Investor Shares (VMNFX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VMNFX's dividend yield for the trailing twelve months is around 4.72%, more than VOO's 1.26% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Vanguard Market Neutral Fund Investor Shares | 4.72% | 5.09% | 0.75% | 0.16% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VMNFX vs. VOO - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -25.42%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VMNFX and VOO. For additional features, visit the drawdowns tool.
Volatility
VMNFX vs. VOO - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Investor Shares (VMNFX) is 1.41%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.97%. This indicates that VMNFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.