VMNIX vs. ^GSPC
Compare and contrast key facts about Vanguard Market Neutral Fund Institutional Shares (VMNIX) and S&P 500 (^GSPC).
VMNIX is managed by Vanguard. It was launched on Oct 19, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNIX or ^GSPC.
Correlation
The correlation between VMNIX and ^GSPC 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
VMNIX vs. ^GSPC - Performance Comparison
Key characteristics
VMNIX:
0.00
^GSPC:
0.21
VMNIX:
0.05
^GSPC:
0.43
VMNIX:
1.01
^GSPC:
1.06
VMNIX:
0.00
^GSPC:
0.21
VMNIX:
0.01
^GSPC:
1.00
VMNIX:
2.27%
^GSPC:
4.00%
VMNIX:
6.56%
^GSPC:
18.94%
VMNIX:
-25.35%
^GSPC:
-56.78%
VMNIX:
-4.00%
^GSPC:
-12.01%
Returns By Period
In the year-to-date period, VMNIX achieves a -0.71% return, which is significantly higher than ^GSPC's -8.09% return. Over the past 10 years, VMNIX has underperformed ^GSPC with an annualized return of 3.30%, while ^GSPC has yielded a comparatively higher 10.05% annualized return.
VMNIX
-0.71%
-0.18%
-3.67%
-0.12%
8.98%
3.30%
^GSPC
-8.09%
-4.13%
-7.75%
5.52%
14.25%
10.05%
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Risk-Adjusted Performance
VMNIX vs. ^GSPC — Risk-Adjusted Performance Rank
VMNIX
^GSPC
VMNIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Institutional Shares (VMNIX) and S&P 500 (^GSPC). 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.
Drawdowns
VMNIX vs. ^GSPC - Drawdown Comparison
The maximum VMNIX drawdown since its inception was -25.35%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for VMNIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
VMNIX vs. ^GSPC - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Institutional Shares (VMNIX) is 2.31%, while S&P 500 (^GSPC) has a volatility of 13.56%. This indicates that VMNIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.