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 0.85, 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:
0.83
^GSPC:
0.22
VMNVX:
1.16
^GSPC:
0.44
VMNVX:
1.18
^GSPC:
1.06
VMNVX:
1.15
^GSPC:
0.22
VMNVX:
4.07
^GSPC:
1.02
VMNVX:
2.25%
^GSPC:
4.15%
VMNVX:
10.95%
^GSPC:
19.00%
VMNVX:
-33.11%
^GSPC:
-56.78%
VMNVX:
-3.24%
^GSPC:
-14.13%
Returns By Period
In the year-to-date period, VMNVX achieves a 2.76% return, which is significantly higher than ^GSPC's -10.30% return. Over the past 10 years, VMNVX has underperformed ^GSPC with an annualized return of 5.74%, while ^GSPC has yielded a comparatively higher 9.77% annualized return.
VMNVX
2.76%
-2.23%
-2.60%
9.48%
7.84%
5.74%
^GSPC
-10.30%
-7.04%
-9.70%
4.44%
12.96%
9.77%
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Risk-Adjusted Performance
VMNVX vs. ^GSPC — Risk-Adjusted Performance Rank
VMNVX
^GSPC
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 7.36%, while S&P 500 (^GSPC) has a volatility of 13.66%. 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.