VMNVX vs. VIG
Compare and contrast key facts about Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and Vanguard Dividend Appreciation ETF (VIG).
VMNVX is managed by Vanguard. It was launched on Dec 12, 2013. VIG is a passively managed fund by Vanguard that tracks the performance of the NASDAQ US Dividend Achievers Select Index. It was launched on Dec 19, 2013.
Performance
VMNVX vs. VIG - Performance Comparison
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VMNVX vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 2.89% | 12.83% | 13.42% | 7.94% | -4.46% | 15.40% | -3.94% | 22.66% | -1.70% | 16.03% |
VIG Vanguard Dividend Appreciation ETF | -1.48% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 15.43% | 29.62% | -2.08% | 22.22% |
Returns By Period
In the year-to-date period, VMNVX achieves a 2.89% return, which is significantly higher than VIG's -1.48% return. Over the past 10 years, VMNVX has underperformed VIG with an annualized return of 8.38%, while VIG has yielded a comparatively higher 12.29% annualized return.
VMNVX
- 1D
- 1.15%
- 1M
- -4.95%
- YTD
- 2.89%
- 6M
- 4.27%
- 1Y
- 9.34%
- 3Y*
- 11.89%
- 5Y*
- 8.55%
- 10Y*
- 8.38%
VIG
- 1D
- 0.29%
- 1M
- -4.68%
- YTD
- -1.48%
- 6M
- 0.22%
- 1Y
- 13.20%
- 3Y*
- 13.91%
- 5Y*
- 9.83%
- 10Y*
- 12.29%
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VMNVX vs. VIG - Expense Ratio Comparison
VMNVX has a 0.14% expense ratio, which is higher than VIG's 0.04% 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%.
Return for Risk
VMNVX vs. VIG — Risk / Return Rank
VMNVX
VIG
VMNVX vs. VIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and Vanguard Dividend Appreciation ETF (VIG). 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 | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.87 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.33 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.20 | +0.10 |
Martin ratioReturn relative to average drawdown | 6.22 | 5.31 | +0.91 |
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 | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.87 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.69 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.77 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.57 | +0.19 |
Correlation
The correlation between VMNVX and VIG is 0.88, 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.
Dividends
VMNVX vs. VIG - Dividend Comparison
VMNVX's dividend yield for the trailing twelve months is around 9.78%, more than VIG's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMNVX Vanguard Global Minimum Volatility Fund Admiral Shares | 9.78% | 10.07% | 3.84% | 3.13% | 5.03% | 6.33% | 2.15% | 4.62% | 7.37% | 2.31% | 2.82% | 3.30% |
VIG Vanguard Dividend Appreciation ETF | 1.60% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Drawdowns
VMNVX vs. VIG - Drawdown Comparison
The maximum VMNVX drawdown since its inception was -33.11%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VMNVX and VIG.
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Drawdown Indicators
| VMNVX | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -46.81% | +13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -10.83% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -20.39% | +7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | -31.72% | -1.39% |
Current DrawdownCurrent decline from peak | -4.95% | -5.73% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -5.55% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.45% | -0.79% |
Volatility
VMNVX vs. VIG - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) is 2.93%, while Vanguard Dividend Appreciation ETF (VIG) has a volatility of 4.05%. This indicates that VMNVX experiences smaller price fluctuations and is considered to be less risky than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMNVX | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 4.05% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.02% | 7.82% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 15.28% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 14.26% | -4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.96% | 16.04% | -4.08% |