VMNIX vs. VIGAX
Compare and contrast key facts about Vanguard Market Neutral Fund Institutional Shares (VMNIX) and Vanguard Growth Index Fund Admiral Shares (VIGAX).
VMNIX is managed by Vanguard. It was launched on Oct 19, 1998. VIGAX is managed by Vanguard. It was launched on Nov 13, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNIX or VIGAX.
Performance
VMNIX vs. VIGAX - Performance Comparison
Returns By Period
In the year-to-date period, VMNIX achieves a 5.98% return, which is significantly lower than VIGAX's 30.60% return. Over the past 10 years, VMNIX has underperformed VIGAX with an annualized return of 3.31%, while VIGAX has yielded a comparatively higher 15.51% annualized return.
VMNIX
5.98%
-1.62%
2.20%
6.81%
7.83%
3.31%
VIGAX
30.60%
4.25%
14.07%
36.04%
19.11%
15.51%
Key characteristics
| VMNIX | VIGAX | |
|---|---|---|
| Sharpe Ratio | 1.09 | 2.14 |
| Sortino Ratio | 1.62 | 2.79 |
| Omega Ratio | 1.19 | 1.39 |
| Calmar Ratio | 2.07 | 2.78 |
| Martin Ratio | 4.92 | 10.92 |
| Ulcer Index | 1.38% | 3.30% |
| Daily Std Dev | 6.23% | 16.88% |
| Max Drawdown | -25.29% | -50.66% |
| Current Drawdown | -3.19% | -1.06% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VMNIX vs. VIGAX - Expense Ratio Comparison
VMNIX has a 1.25% expense ratio, which is higher than VIGAX's 0.05% expense ratio.
Correlation
The correlation between VMNIX and VIGAX is -0.05. 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
VMNIX vs. VIGAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Institutional Shares (VMNIX) and Vanguard Growth Index Fund Admiral Shares (VIGAX). 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
VMNIX vs. VIGAX - Dividend Comparison
VMNIX's dividend yield for the trailing twelve months is around 4.90%, more than VIGAX's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNIX Vanguard Market Neutral Fund Institutional Shares | 4.90% | 5.15% | 0.78% | 0.20% | 0.85% | 3.22% | 1.00% | 1.16% | 0.45% | 0.10% | 0.00% | 0.04% |
VIGAX Vanguard Growth Index Fund Admiral Shares | 0.48% | 0.57% | 0.69% | 0.47% | 0.66% | 0.94% | 1.31% | 1.14% | 1.39% | 1.31% | 1.21% | 1.19% |
Drawdowns
VMNIX vs. VIGAX - Drawdown Comparison
The maximum VMNIX drawdown since its inception was -25.29%, smaller than the maximum VIGAX drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for VMNIX and VIGAX. For additional features, visit the drawdowns tool.
Volatility
VMNIX vs. VIGAX - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Institutional Shares (VMNIX) is 2.22%, while Vanguard Growth Index Fund Admiral Shares (VIGAX) has a volatility of 5.21%. This indicates that VMNIX experiences smaller price fluctuations and is considered to be less risky than VIGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.