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:
0.05
^GSPC:
0.21
VMNIX:
0.12
^GSPC:
0.42
VMNIX:
1.01
^GSPC:
1.06
VMNIX:
0.06
^GSPC:
0.21
VMNIX:
0.14
^GSPC:
0.99
VMNIX:
2.26%
^GSPC:
3.97%
VMNIX:
6.54%
^GSPC:
18.96%
VMNIX:
-25.35%
^GSPC:
-56.78%
VMNIX:
-3.71%
^GSPC:
-12.71%
Returns By Period
In the year-to-date period, VMNIX achieves a -0.41% return, which is significantly higher than ^GSPC's -8.81% return. Over the past 10 years, VMNIX has underperformed ^GSPC with an annualized return of 3.30%, while ^GSPC has yielded a comparatively higher 9.87% annualized return.
VMNIX
-0.41%
0.43%
-3.31%
0.33%
8.83%
3.30%
^GSPC
-8.81%
-4.21%
-7.77%
3.16%
13.99%
9.87%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 2.35%, while S&P 500 (^GSPC) has a volatility of 13.73%. 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.