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.
Correlation
The correlation between VMNVX and ^GSPC is 0.86, 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
Key characteristics
VMNVX:
1.25
^GSPC:
2.16
VMNVX:
1.56
^GSPC:
2.87
VMNVX:
1.27
^GSPC:
1.40
VMNVX:
1.43
^GSPC:
3.19
VMNVX:
6.94
^GSPC:
13.87
VMNVX:
1.60%
^GSPC:
1.95%
VMNVX:
8.89%
^GSPC:
12.54%
VMNVX:
-33.11%
^GSPC:
-56.78%
VMNVX:
-6.53%
^GSPC:
-0.82%
Returns By Period
In the year-to-date period, VMNVX achieves a 10.23% return, which is significantly lower than ^GSPC's 26.63% return. Over the past 10 years, VMNVX has underperformed ^GSPC with an annualized return of 6.92%, while ^GSPC has yielded a comparatively higher 11.23% annualized return.
VMNVX
10.23%
-6.17%
0.84%
11.10%
4.05%
6.92%
^GSPC
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
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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
Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX) has a higher volatility of 5.36% compared to S&P 500 (^GSPC) at 3.96%. This indicates that VMNVX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.