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.
Performance
VMVFX vs. VOO - Performance Comparison
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VMVFX vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Returns By Period
In the year-to-date period, VMVFX achieves a 1.71% return, which is significantly higher than VOO's -4.42% return. Over the past 10 years, VMVFX has underperformed VOO with an annualized return of 9.02%, while VOO has yielded a comparatively higher 14.05% 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%
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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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%.
Return for Risk
VMVFX vs. VOO — Risk / Return Rank
VMVFX
VOO
VMVFX vs. VOO - Risk-Adjusted Trends 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.
| VMVFX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.98 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.50 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.53 | -0.47 |
Martin ratioReturn relative to average drawdown | 5.20 | 7.29 | -2.10 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.98 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.70 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.78 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.83 | -0.05 |
Correlation
The correlation between VMVFX and VOO 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. VOO - Dividend Comparison
VMVFX's dividend yield for the trailing twelve months is around 9.81%, more than VOO'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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
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.
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Drawdown Indicators
| VMVFX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.09% | -33.99% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -11.98% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -24.52% | +11.50% |
Max Drawdown (10Y)Largest decline over 10 years | -33.09% | -33.99% | +0.90% |
Current DrawdownCurrent decline from peak | -6.03% | -6.29% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -3.72% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.52% | -0.89% |
Volatility
VMVFX vs. VOO - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) is 2.61%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. 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.
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Volatility by Period
| VMVFX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 5.29% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.87% | 9.44% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 18.10% | -8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.75% | 16.82% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.48% | 17.99% | -5.51% |