VMRXX vs. VEIRX
Compare and contrast key facts about Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) and Vanguard Equity Income Fund Admiral Shares (VEIRX).
VMRXX is an actively managed fund by Vanguard. It was launched on Oct 3, 1989. VEIRX is managed by Vanguard. It was launched on Aug 13, 2001.
Performance
VMRXX vs. VEIRX - Performance Comparison
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VMRXX vs. VEIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 0.59% | 4.25% | 3.45% | 4.65% | 0.00% | 0.01% |
VEIRX Vanguard Equity Income Fund Admiral Shares | -0.12% | 17.25% | 14.91% | 7.76% | -0.08% | 7.84% |
Returns By Period
In the year-to-date period, VMRXX achieves a 0.59% return, which is significantly higher than VEIRX's -0.12% return.
VMRXX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.59%
- 6M
- 1.59%
- 1Y
- 3.76%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
VEIRX
- 1D
- 0.05%
- 1M
- -6.01%
- YTD
- -0.12%
- 6M
- 3.46%
- 1Y
- 13.96%
- 3Y*
- 14.00%
- 5Y*
- 10.56%
- 10Y*
- 11.15%
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VMRXX vs. VEIRX - Expense Ratio Comparison
VMRXX has a 0.10% expense ratio, which is lower than VEIRX's 0.19% expense ratio. Despite the difference, 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
VMRXX vs. VEIRX — Risk / Return Rank
VMRXX
VEIRX
VMRXX vs. VEIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) and Vanguard Equity Income Fund Admiral Shares (VEIRX). 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.
| VMRXX | VEIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.68 | 1.01 | +2.67 |
Sortino ratioReturn per unit of downside risk | — | 1.46 | — |
Omega ratioGain probability vs. loss probability | — | 1.22 | — |
Calmar ratioReturn relative to maximum drawdown | — | 1.27 | — |
Martin ratioReturn relative to average drawdown | — | 5.65 | — |
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
| VMRXX | VEIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.68 | 1.01 | +2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.70 | 0.50 | +2.20 |
Correlation
The correlation between VMRXX and VEIRX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VMRXX vs. VEIRX - Dividend Comparison
VMRXX's dividend yield for the trailing twelve months is around 3.69%, less than VEIRX's 11.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 3.69% | 4.15% | 3.38% | 4.54% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEIRX Vanguard Equity Income Fund Admiral Shares | 11.12% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
Drawdowns
VMRXX vs. VEIRX - Drawdown Comparison
The maximum VMRXX drawdown since its inception was 0.00%, smaller than the maximum VEIRX drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for VMRXX and VEIRX.
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Drawdown Indicators
| VMRXX | VEIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -54.02% | +54.02% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -10.96% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.84% | +6.84% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -6.54% | +6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.47% | -2.47% |
Volatility
VMRXX vs. VEIRX - Volatility Comparison
The current volatility for Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) is 0.00%, while Vanguard Equity Income Fund Admiral Shares (VEIRX) has a volatility of 3.13%. This indicates that VMRXX experiences smaller price fluctuations and is considered to be less risky than VEIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMRXX | VEIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 3.13% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.77% | 7.70% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.17% | 15.00% | -13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 13.90% | -12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.01% | 16.29% | -15.28% |