VMNIX vs. VIMAX
Compare and contrast key facts about Vanguard Market Neutral Fund Institutional Shares (VMNIX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX).
VMNIX is managed by Vanguard. It was launched on Oct 19, 1998. VIMAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNIX or VIMAX.
Performance
VMNIX vs. VIMAX - Performance Comparison
Returns By Period
In the year-to-date period, VMNIX achieves a 5.98% return, which is significantly lower than VIMAX's 22.57% return. Over the past 10 years, VMNIX has underperformed VIMAX with an annualized return of 3.31%, while VIMAX has yielded a comparatively higher 10.26% annualized return.
VMNIX
5.98%
-1.62%
2.20%
6.81%
7.83%
3.31%
VIMAX
22.57%
5.99%
15.19%
32.89%
11.99%
10.26%
Key characteristics
| VMNIX | VIMAX | |
|---|---|---|
| Sharpe Ratio | 1.09 | 2.66 |
| Sortino Ratio | 1.62 | 3.63 |
| Omega Ratio | 1.19 | 1.46 |
| Calmar Ratio | 2.07 | 2.23 |
| Martin Ratio | 4.92 | 16.03 |
| Ulcer Index | 1.38% | 2.05% |
| Daily Std Dev | 6.23% | 12.39% |
| Max Drawdown | -25.29% | -58.88% |
| Current Drawdown | -3.19% | 0.00% |
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VMNIX vs. VIMAX - Expense Ratio Comparison
VMNIX has a 1.25% expense ratio, which is higher than VIMAX's 0.05% expense ratio.
Correlation
The correlation between VMNIX and VIMAX 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.
Risk-Adjusted Performance
VMNIX vs. VIMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Market Neutral Fund Institutional Shares (VMNIX) and Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX). 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. VIMAX - Dividend Comparison
VMNIX's dividend yield for the trailing twelve months is around 4.90%, more than VIMAX's 1.42% 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% |
VIMAX Vanguard Mid-Cap Index Fund Admiral Shares | 1.42% | 1.51% | 1.59% | 1.11% | 1.44% | 1.47% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% | 1.17% |
Drawdowns
VMNIX vs. VIMAX - Drawdown Comparison
The maximum VMNIX drawdown since its inception was -25.29%, smaller than the maximum VIMAX drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for VMNIX and VIMAX. For additional features, visit the drawdowns tool.
Volatility
VMNIX vs. VIMAX - Volatility Comparison
The current volatility for Vanguard Market Neutral Fund Institutional Shares (VMNIX) is 2.22%, while Vanguard Mid-Cap Index Fund Admiral Shares (VIMAX) has a volatility of 4.00%. This indicates that VMNIX experiences smaller price fluctuations and is considered to be less risky than VIMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.