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.
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
Key characteristics
VMNFX:
0.69
VOO:
2.15
VMNFX:
1.06
VOO:
2.85
VMNFX:
1.12
VOO:
1.40
VMNFX:
1.16
VOO:
3.25
VMNFX:
2.47
VOO:
13.67
VMNFX:
1.74%
VOO:
2.01%
VMNFX:
6.24%
VOO:
12.79%
VMNFX:
-25.93%
VOO:
-33.99%
VMNFX:
-1.87%
VOO:
0.00%
Returns By Period
In the year-to-date period, VMNFX achieves a 1.51% return, which is significantly lower than VOO's 3.49% return. Over the past 10 years, VMNFX has underperformed VOO with an annualized return of 3.26%, while VOO has yielded a comparatively higher 13.52% annualized return.
VMNFX
1.51%
0.99%
0.78%
4.84%
8.17%
3.26%
VOO
3.49%
1.90%
12.84%
26.78%
14.88%
13.52%
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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 Rank
VMNFX
VOO
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 5.52%, more than VOO's 1.20% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Vanguard Market Neutral Fund Investor Shares | 5.52% | 5.61% | 5.09% | 0.75% | 0.15% | 0.81% | 3.16% | 0.94% | 1.07% | 0.38% | 0.02% | 0.00% |
Vanguard S&P 500 ETF | 1.20% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
VMNFX vs. VOO - Drawdown Comparison
The maximum VMNFX drawdown since its inception was -25.93%, 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 1.85%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.07%. 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.