VMNVX vs. GIDGX
VMNVX (Vanguard Global Minimum Volatility Fund Admiral Shares) and GIDGX (Goldman Sachs Enhanced Dividend Global Equity Portfolio) are both Global Equities funds. Over the past 10 years, VMNVX returned 8.70%/yr vs 10.81%/yr for GIDGX. Their correlation of 0.81 suggests significant overlap in exposure. VMNVX charges 0.14%/yr vs 0.17%/yr for GIDGX.
Performance
VMNVX vs. GIDGX - Performance Comparison
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Returns By Period
In the year-to-date period, VMNVX achieves a 8.02% return, which is significantly lower than GIDGX's 11.05% return. Over the past 10 years, VMNVX has underperformed GIDGX with an annualized return of 8.70%, while GIDGX has yielded a comparatively higher 10.81% annualized return.
VMNVX
- 1D
- -0.38%
- 1M
- 1.55%
- YTD
- 8.02%
- 6M
- 8.49%
- 1Y
- 13.24%
- 3Y*
- 13.53%
- 5Y*
- 9.09%
- 10Y*
- 8.70%
GIDGX
- 1D
- -0.54%
- 1M
- 3.01%
- YTD
- 11.05%
- 6M
- 11.62%
- 1Y
- 24.50%
- 3Y*
- 18.89%
- 5Y*
- 10.91%
- 10Y*
- 10.81%
VMNVX vs. GIDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 8.02% | 12.83% | 13.42% | 7.94% | -4.46% | 15.40% | -3.94% | 22.66% | -1.70% | 16.03% |
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio | 11.05% | 15.74% | 20.59% | 17.92% | -12.75% | 18.46% | 8.41% | 19.97% | -8.26% | 15.18% |
Correlation
The correlation between VMNVX and GIDGX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | 0.81 |
Over the past year, the correlation between VMNVX and GIDGX has dropped to 0.61 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
VMNVX vs. GIDGX — Risk / Return Rank
VMNVX
GIDGX
VMNVX vs. GIDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX). 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.
| VMNVX | GIDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 3.47 | -1.42 |
| Martin ratioReturn relative to average drawdown | 8.01 | 16.67 | -8.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMNVX | GIDGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.57 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.85 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.77 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.68 | +0.11 |
Drawdowns
VMNVX vs. GIDGX - Drawdown Comparison
The maximum VMNVX drawdown since its inception was -33.11%, roughly equal to the maximum GIDGX drawdown of -31.63%. Use the drawdown chart below to compare losses from any high point for VMNVX and GIDGX.
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Drawdown Indicators
| VMNVX | GIDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -31.63% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -7.14% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -14.69% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -20.39% | +7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | -31.63% | -1.48% |
Current DrawdownCurrent decline from peak | -0.55% | -0.54% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -3.87% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.48% | +0.12% |
Volatility
VMNVX vs. GIDGX - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) is 1.99%, while Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX) has a volatility of 2.50%. This indicates that VMNVX experiences smaller price fluctuations and is considered to be less risky than GIDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMNVX | GIDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 2.50% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 7.66% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 9.67% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 12.99% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.96% | 14.16% | -2.20% |
VMNVX vs. GIDGX - Expense Ratio Comparison
VMNVX has a 0.14% expense ratio, which is lower than GIDGX's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VMNVX vs. GIDGX - Dividend Comparison
VMNVX's dividend yield for the trailing twelve months is around 9.32%, more than GIDGX's 5.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio | 5.56% | 5.92% | 12.06% | 4.32% | 8.89% | 8.41% | 1.99% | 4.85% | 5.67% | 3.35% | 2.97% | 3.21% |
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 9.32% | 10.07% | 3.84% | 3.13% | 5.03% | 6.33% | 2.15% | 4.62% | 7.37% | 2.31% | 2.82% | 3.30% |
Frequently Asked Questions
VMNVX and GIDGX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIDGX has higher volatility (2.50%) compared to VMNVX (1.99%). In terms of maximum drawdown, VMNVX dropped -33.11% vs GIDGX's -31.63%.
GIDGX currently has the higher Sharpe Ratio (2.57 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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