See what your fund actually adds
Vanguard Market Neutral Fund Investor Shares VMNFX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | VMNFX | Replication |
|---|---|---|
| Annualized growth | 14.5% | 5.2% |
| Annualized volatility | 7.7% | 1.7% |
| Sharpe ratio | 1.81 | 3.06 |
| Maximum drawdown | 4.8% | 1.3% |
| Replication fit (R²) | 0.04 · Tracking error 7.5% | |
Replication portfolio
The published portfolio below is the investable basket used to model VMNFX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| USFR | FI · Floating Rate Notes | 93.9% |
| XLE | Sector · Energy | 6.1% |