VMNVX vs. VOO
Compare and contrast key facts about Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and Vanguard S&P 500 ETF (VOO).
VMNVX is managed by Vanguard. It was launched on Dec 12, 2013. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
VMNVX vs. VOO - Performance Comparison
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VMNVX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -3.66% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VMNVX achieves a 2.89% return, which is significantly higher than VOO's -3.66% return. Over the past 10 years, VMNVX has underperformed VOO with an annualized return of 8.38%, while VOO has yielded a comparatively higher 14.14% 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%
VOO
- 1D
- 0.79%
- 1M
- -4.29%
- YTD
- -3.66%
- 6M
- -1.41%
- 1Y
- 18.17%
- 3Y*
- 18.58%
- 5Y*
- 11.93%
- 10Y*
- 14.14%
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VMNVX vs. VOO - Expense Ratio Comparison
VMNVX has a 0.14% expense ratio, which is higher than VOO's 0.03% 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. VOO — Risk / Return Rank
VMNVX
VOO
VMNVX vs. VOO - 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 S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.01 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.53 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.55 | -0.25 |
Martin ratioReturn relative to average drawdown | 6.22 | 7.31 | -1.09 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.01 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.71 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.79 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.83 | -0.07 |
Correlation
The correlation between VMNVX and VOO is 0.83, 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. VOO - Dividend Comparison
VMNVX's dividend yield for the trailing twelve months is around 9.78%, more than VOO's 1.18% 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% |
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
VMNVX vs. VOO - Drawdown Comparison
The maximum VMNVX drawdown since its inception was -33.11%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VMNVX and VOO.
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Drawdown Indicators
| VMNVX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -33.99% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -11.98% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -24.52% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | -33.99% | +0.88% |
Current DrawdownCurrent decline from peak | -4.95% | -5.55% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -3.72% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.55% | -0.89% |
Volatility
VMNVX vs. VOO - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) is 2.93%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.34%. This indicates that VMNVX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMNVX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 5.34% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 5.02% | 9.47% | -4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 18.11% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 16.82% | -7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.96% | 17.99% | -6.03% |