If you have been looking for Global – Equity funds, it would not be wise to start your search with Vanguard Global Mineral Volatility Investor (VMVFX). VMVFX bears a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance.

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Zacks categorizes VMVFX as Global – Equity, which is a segment packed with options. Global – Equity mutual funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. They also provide an investment technique that leverages the diverse nature of the global economy in the hopes of providing a stable return.

Vanguard Group is based in Malvern, PA, and is the manager of VMVFX. Vanguard Global Mineral Volatility Investor debuted in December of 2013. Since then, VMVFX has accumulated assets of about $229.29 million, according to the most recently available information. John Ameriks is the fund’s current manager and has held that role since July of 2022.

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 5.73%, and is in the bottom third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3 -year annualized total return of 8.6%, which places it in the top third during this time-frame.

It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.

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When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 15.88%, the standard deviation of VMVFX over the past three years is 10.27%. Looking at the past 5 years, the fund’s standard deviation is 12.74% compared to the category average of 16.88%. This makes the fund less volatile than its peers over the past half-decade.

Investors should note that the fund has a 5-year beta of 0.62, which means it is hypothetically less volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. VMVFX has generated a negative alpha over the past five years of -4.53, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

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