VMNVX vs. ^GSPC
Compare and contrast key facts about Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and S&P 500 (^GSPC).
VMNVX is managed by Vanguard. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMNVX or ^GSPC.
Key characteristics
| VMNVX | ^GSPC | |
|---|---|---|
| YTD Return | 6.57% | 7.50% |
| 1Y Return | 12.90% | 26.26% |
| 3Y Return (Ann) | 5.41% | 7.19% |
| 5Y Return (Ann) | 5.24% | 11.73% |
| 10Y Return (Ann) | 7.72% | 10.64% |
| Sharpe Ratio | 1.42 | 2.17 |
| Daily Std Dev | 8.81% | 11.70% |
| Max Drawdown | -33.11% | -56.78% |
| Current Drawdown | -1.99% | -2.41% |
Correlation
The correlation between VMNVX and ^GSPC is 0.87, 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. ^GSPC - Performance Comparison
In the year-to-date period, VMNVX achieves a 6.57% return, which is significantly lower than ^GSPC's 7.50% return. Over the past 10 years, VMNVX has underperformed ^GSPC with an annualized return of 7.72%, while ^GSPC has yielded a comparatively higher 10.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
VMNVX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) and S&P 500 (^GSPC). 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.
Drawdowns
VMNVX vs. ^GSPC - Drawdown Comparison
The maximum VMNVX drawdown since its inception was -33.11%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for VMNVX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
VMNVX vs. ^GSPC - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) is 2.05%, while S&P 500 (^GSPC) has a volatility of 4.10%. This indicates that VMNVX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.