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 | 7.91% | 26.94% |
| 1Y Return | 7.86% | 35.06% |
| 3Y Return (Ann) | 13.74% | 10.23% |
| 5Y Return (Ann) | 8.15% | 15.77% |
| 10Y Return (Ann) | 3.51% | 13.41% |
| Sharpe Ratio | 1.18 | 3.08 |
| Sortino Ratio | 1.75 | 4.09 |
| Omega Ratio | 1.20 | 1.58 |
| Calmar Ratio | 2.21 | 4.46 |
| Martin Ratio | 5.34 | 20.36 |
| Ulcer Index | 1.36% | 1.85% |
| Daily Std Dev | 6.17% | 12.23% |
| Max Drawdown | -25.42% | -33.99% |
| Current Drawdown | -1.38% | -0.25% |
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 7.91% return, which is significantly lower than VOO's 26.94% return. Over the past 10 years, VMNFX has underperformed VOO with an annualized return of 3.51%, while VOO has yielded a comparatively higher 13.41% 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 4.75%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNFX Vanguard Market Neutral Fund Investor Shares | 4.75% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% | 0.03% |
VOO Vanguard S&P 500 ETF | 1.23% | 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 2.40%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.78%. 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.