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:
1.23
SPHD:
1.73
VMNVX:
1.53
SPHD:
2.48
VMNVX:
1.26
SPHD:
1.31
VMNVX:
1.41
SPHD:
1.96
VMNVX:
7.07
SPHD:
9.62
VMNVX:
1.54%
SPHD:
2.01%
VMNVX:
8.89%
SPHD:
11.19%
VMNVX:
-33.11%
SPHD:
-41.39%
VMNVX:
-7.05%
SPHD:
-6.30%
Returns By Period
In the year-to-date period, VMNVX achieves a 9.62% return, which is significantly lower than SPHD's 18.17% return. Over the past 10 years, VMNVX has underperformed SPHD with an annualized return of 6.87%, while SPHD has yielded a comparatively higher 8.04% annualized return.
VMNVX
9.62%
-6.68%
0.16%
10.49%
3.99%
6.87%
SPHD
18.17%
-5.19%
9.16%
18.70%
6.35%
8.04%
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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 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 has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 3.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 0.00% | 3.13% | 2.62% | 3.49% | 2.15% | 2.79% | 2.52% | 2.31% | 2.82% | 1.89% | 2.65% | 0.23% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.40% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
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
Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) has a higher volatility of 5.38% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.58%. This indicates that VMNVX's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.