VTWAX vs. VMVFX
Compare and contrast key facts about Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) and Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX).
VTWAX is managed by Vanguard. It was launched on Feb 7, 2019. VMVFX 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: VTWAX or VMVFX.
Key characteristics
| VTWAX | VMVFX | |
|---|---|---|
| YTD Return | 19.47% | 17.54% |
| 1Y Return | 32.36% | 23.35% |
| 3Y Return (Ann) | 5.91% | 7.37% |
| 5Y Return (Ann) | 11.42% | 6.00% |
| Sharpe Ratio | 2.69 | 2.54 |
| Sortino Ratio | 3.65 | 3.49 |
| Omega Ratio | 1.49 | 1.56 |
| Calmar Ratio | 3.00 | 4.68 |
| Martin Ratio | 17.80 | 15.74 |
| Ulcer Index | 1.77% | 1.47% |
| Daily Std Dev | 11.74% | 9.12% |
| Max Drawdown | -34.20% | -33.09% |
| Current Drawdown | -0.21% | -0.12% |
Correlation
The correlation between VTWAX and VMVFX 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
VTWAX vs. VMVFX - Performance Comparison
In the year-to-date period, VTWAX achieves a 19.47% return, which is significantly higher than VMVFX's 17.54% 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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VTWAX vs. VMVFX - Expense Ratio Comparison
VTWAX has a 0.10% expense ratio, which is lower than VMVFX's 0.21% 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%.
Risk-Adjusted Performance
VTWAX vs. VMVFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) and Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX). 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
VTWAX vs. VMVFX - Dividend Comparison
VTWAX's dividend yield for the trailing twelve months is around 1.80%, less than VMVFX's 2.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTWAX Vanguard Total World Stock Index Fund Admiral Shares | 1.80% | 2.06% | 2.16% | 1.79% | 1.64% | 2.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares | 2.60% | 3.05% | 2.56% | 3.42% | 2.03% | 3.30% | 2.42% | 2.31% | 2.71% | 1.81% | 2.54% | 0.23% |
Drawdowns
VTWAX vs. VMVFX - Drawdown Comparison
The maximum VTWAX drawdown since its inception was -34.20%, roughly equal to the maximum VMVFX drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for VTWAX and VMVFX. For additional features, visit the drawdowns tool.
Volatility
VTWAX vs. VMVFX - Volatility Comparison
Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) has a higher volatility of 3.28% compared to Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) at 2.46%. This indicates that VTWAX's price experiences larger fluctuations and is considered to be riskier than VMVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.