VMNVX vs. SPHD
Compare and contrast key facts about Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
VMNVX is managed by Vanguard. It was launched on Dec 12, 2013. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNVX or SPHD.
Correlation
The correlation between VMNVX and SPHD is 0.74, 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. SPHD - Performance Comparison
Key characteristics
VMNVX:
1.30
SPHD:
2.17
VMNVX:
1.75
SPHD:
2.99
VMNVX:
1.25
SPHD:
1.39
VMNVX:
1.68
SPHD:
2.65
VMNVX:
4.95
SPHD:
8.27
VMNVX:
2.16%
SPHD:
2.81%
VMNVX:
8.23%
SPHD:
10.74%
VMNVX:
-33.11%
SPHD:
-41.39%
VMNVX:
-1.66%
SPHD:
-2.79%
Returns By Period
In the year-to-date period, VMNVX achieves a 4.13% return, which is significantly higher than SPHD's 3.83% return. Over the past 10 years, VMNVX has underperformed SPHD with an annualized return of 6.00%, while SPHD has yielded a comparatively higher 8.46% annualized return.
VMNVX
4.13%
2.43%
1.61%
10.29%
3.96%
6.00%
SPHD
3.83%
1.94%
4.64%
22.08%
7.37%
8.46%
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VMNVX vs. SPHD - Expense Ratio Comparison
VMNVX has a 0.14% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
VMNVX vs. SPHD — Risk-Adjusted Performance Rank
VMNVX
SPHD
VMNVX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
VMNVX's dividend yield for the trailing twelve months is around 1.91%, less than SPHD's 2.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 1.91% | 1.99% | 3.13% | 2.62% | 3.49% | 2.15% | 2.79% | 2.52% | 2.31% | 2.82% | 1.89% | 2.65% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 2.97% | 3.41% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
Drawdowns
VMNVX vs. SPHD - Drawdown Comparison
The maximum VMNVX drawdown since its inception was -33.11%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for VMNVX and SPHD. For additional features, visit the drawdowns tool.
Volatility
VMNVX vs. SPHD - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) is 2.28%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.09%. This indicates that VMNVX experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.