VMVFX vs. SWPPX
Compare and contrast key facts about Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) and Schwab S&P 500 Index Fund (SWPPX).
VMVFX is managed by Vanguard. It was launched on Dec 12, 2013. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
VMVFX vs. SWPPX - Performance Comparison
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VMVFX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 1.71% | 12.74% | 13.38% | 7.82% | -4.48% | 23.74% | -3.99% | 23.28% | -1.79% | 15.93% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, VMVFX achieves a 1.71% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, VMVFX has underperformed SWPPX with an annualized return of 9.02%, while SWPPX has yielded a comparatively higher 13.71% annualized return.
VMVFX
- 1D
- 0.25%
- 1M
- -5.81%
- YTD
- 1.71%
- 6M
- 2.90%
- 1Y
- 8.07%
- 3Y*
- 11.40%
- 5Y*
- 9.94%
- 10Y*
- 9.02%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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VMVFX vs. SWPPX - Expense Ratio Comparison
VMVFX has a 0.21% expense ratio, which is higher than SWPPX's 0.02% 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
VMVFX vs. SWPPX — Risk / Return Rank
VMVFX
SWPPX
VMVFX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) and Schwab S&P 500 Index Fund (SWPPX). 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.
| VMVFX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.84 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.30 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.06 | +0.01 |
Martin ratioReturn relative to average drawdown | 5.20 | 5.14 | +0.06 |
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
| VMVFX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.84 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.68 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.76 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.48 | +0.30 |
Correlation
The correlation between VMVFX and SWPPX 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
VMVFX vs. SWPPX - Dividend Comparison
VMVFX's dividend yield for the trailing twelve months is around 9.81%, more than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 9.81% | 9.98% | 3.77% | 3.05% | 4.96% | 12.73% | 2.02% | 5.12% | 7.27% | 2.30% | 2.71% | 3.22% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
VMVFX vs. SWPPX - Drawdown Comparison
The maximum VMVFX drawdown since its inception was -33.09%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for VMVFX and SWPPX.
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Drawdown Indicators
| VMVFX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.09% | -55.06% | +21.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -12.10% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -24.51% | +11.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.09% | -33.80% | +0.71% |
Current DrawdownCurrent decline from peak | -6.03% | -8.89% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -10.00% | +7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.49% | -0.86% |
Volatility
VMVFX vs. SWPPX - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) is 2.61%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that VMVFX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMVFX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 4.29% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 9.11% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 18.14% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.75% | 16.89% | -6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 18.19% | -5.71% |