VMNVX vs. DGRO
Compare and contrast key facts about Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and iShares Core Dividend Growth ETF (DGRO).
VMNVX is managed by Vanguard. It was launched on Dec 12, 2013. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNVX or DGRO.
Key characteristics
| VMNVX | DGRO | |
|---|---|---|
| YTD Return | 17.58% | 21.23% |
| 1Y Return | 23.48% | 33.72% |
| 3Y Return (Ann) | 7.45% | 8.55% |
| 5Y Return (Ann) | 6.07% | 12.22% |
| 10Y Return (Ann) | 7.86% | 12.07% |
| Sharpe Ratio | 2.53 | 3.32 |
| Sortino Ratio | 3.49 | 4.70 |
| Omega Ratio | 1.56 | 1.62 |
| Calmar Ratio | 4.66 | 3.79 |
| Martin Ratio | 15.69 | 22.54 |
| Ulcer Index | 1.48% | 1.44% |
| Daily Std Dev | 9.16% | 9.76% |
| Max Drawdown | -33.11% | -35.10% |
| Current Drawdown | -0.12% | 0.00% |
Correlation
The correlation between VMNVX and DGRO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VMNVX vs. DGRO - Performance Comparison
In the year-to-date period, VMNVX achieves a 17.58% return, which is significantly lower than DGRO's 21.23% return. Over the past 10 years, VMNVX has underperformed DGRO with an annualized return of 7.86%, while DGRO has yielded a comparatively higher 12.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMNVX vs. DGRO - Expense Ratio Comparison
VMNVX has a 0.14% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VMNVX vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and iShares Core Dividend Growth ETF (DGRO). 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
VMNVX vs. DGRO - Dividend Comparison
VMNVX's dividend yield for the trailing twelve months is around 2.66%, more than DGRO's 2.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 2.66% | 3.13% | 2.62% | 3.49% | 2.15% | 2.79% | 2.52% | 2.31% | 2.82% | 1.89% | 2.65% | 0.23% |
DGRO iShares Core Dividend Growth ETF | 2.15% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
VMNVX vs. DGRO - Drawdown Comparison
The maximum VMNVX drawdown since its inception was -33.11%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for VMNVX and DGRO. For additional features, visit the drawdowns tool.
Volatility
VMNVX vs. DGRO - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) is 2.46%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.37%. This indicates that VMNVX experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.