VMVFX vs. VOO
Compare and contrast key facts about Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) and Vanguard S&P 500 ETF (VOO).
VMVFX is managed by Vanguard. It was launched on Dec 12, 2013. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMVFX or VOO.
Key characteristics
| VMVFX | VOO | |
|---|---|---|
| YTD Return | 16.41% | 26.94% |
| 1Y Return | 20.24% | 35.06% |
| 3Y Return (Ann) | 6.74% | 10.23% |
| 5Y Return (Ann) | 5.68% | 15.77% |
| 10Y Return (Ann) | 7.73% | 13.41% |
| Sharpe Ratio | 2.31 | 3.08 |
| Sortino Ratio | 3.20 | 4.09 |
| Omega Ratio | 1.51 | 1.58 |
| Calmar Ratio | 4.26 | 4.46 |
| Martin Ratio | 14.32 | 20.36 |
| Ulcer Index | 1.47% | 1.85% |
| Daily Std Dev | 9.13% | 12.23% |
| Max Drawdown | -33.09% | -33.99% |
| Current Drawdown | -1.09% | -0.25% |
Correlation
The correlation between VMVFX and VOO 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
VMVFX vs. VOO - Performance Comparison
In the year-to-date period, VMVFX achieves a 16.41% return, which is significantly lower than VOO's 26.94% return. Over the past 10 years, VMVFX has underperformed VOO with an annualized return of 7.73%, while VOO has yielded a comparatively higher 13.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMVFX vs. VOO - Expense Ratio Comparison
VMVFX has a 0.21% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
VMVFX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
VMVFX vs. VOO - Dividend Comparison
VMVFX's dividend yield for the trailing twelve months is around 2.62%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 2.62% | 3.05% | 2.56% | 3.42% | 2.03% | 3.30% | 2.42% | 2.31% | 2.71% | 1.81% | 2.54% | 0.23% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VMVFX vs. VOO - Drawdown Comparison
The maximum VMVFX drawdown since its inception was -33.09%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VMVFX and VOO. For additional features, visit the drawdowns tool.
Volatility
VMVFX vs. VOO - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) is 2.40%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.78%. This indicates that VMVFX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.