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Vanguard Mortgage-Backed Securities ETF (VMBS)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US92206C7719

CUSIP

92206C771

Issuer

Vanguard

Inception Date

Nov 19, 2009

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Barclays Capital U.S. MBS Index

Asset Class

Bond

Expense Ratio

VMBS has an expense ratio of 0.04%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard Mortgage-Backed Securities ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%500.00%December2025FebruaryMarchAprilMay
31.68%
412.00%
VMBS (Vanguard Mortgage-Backed Securities ETF)
Benchmark (^GSPC)

Returns By Period

Vanguard Mortgage-Backed Securities ETF (VMBS) returned 2.18% year-to-date (YTD) and 6.11% over the past 12 months. Over the past 10 years, VMBS returned 0.99% annually, underperforming the S&P 500 benchmark at 10.43%.


VMBS

YTD

2.18%

1M

0.30%

6M

1.60%

1Y

6.11%

5Y*

-0.99%

10Y*

0.99%

^GSPC (Benchmark)

YTD

-3.70%

1M

13.67%

6M

-5.18%

1Y

9.18%

5Y*

14.14%

10Y*

10.43%

*Annualized

Monthly Returns

The table below presents the monthly returns of VMBS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.57%2.31%-0.05%0.38%-1.02%2.18%
2024-0.37%-1.53%0.92%-2.73%2.04%1.29%2.48%1.30%1.17%-2.67%1.54%-1.55%1.70%
20233.45%-2.57%1.97%0.51%-0.73%-0.21%-0.14%-0.85%-3.03%-2.23%5.32%4.13%5.34%
2022-1.48%-1.08%-2.47%-3.59%0.91%-1.46%3.19%-3.22%-5.00%-1.42%4.17%-0.76%-11.90%
20210.07%-0.62%-0.58%0.60%-0.31%-0.09%0.52%-0.06%-0.33%-0.26%-0.04%-0.18%-1.28%
20200.66%0.89%1.32%0.49%-0.01%-0.14%0.22%0.10%-0.09%-0.13%0.11%0.08%3.55%
20190.84%-0.07%1.41%-0.10%1.11%0.68%0.44%0.93%0.13%0.34%0.08%0.24%6.19%
2018-1.13%-0.66%0.56%-0.49%0.74%0.08%-0.05%0.51%-0.60%-0.57%0.90%1.66%0.91%
20170.17%0.48%0.10%0.56%0.50%-0.26%0.45%0.64%-0.31%0.09%-0.18%0.20%2.47%
20161.23%0.29%0.21%0.25%0.03%0.90%0.22%0.06%0.35%-0.36%-1.82%-0.10%1.26%
20150.89%-0.34%0.61%0.15%-0.23%-0.72%0.80%-0.13%0.69%-0.01%-0.24%0.11%1.57%
20141.70%0.32%-0.36%0.80%1.11%0.28%-0.34%0.72%-0.09%0.82%0.72%0.08%5.89%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 77, VMBS is among the top 23% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of VMBS is 7777
Overall Rank
The Sharpe Ratio Rank of VMBS is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of VMBS is 8383
Sortino Ratio Rank
The Omega Ratio Rank of VMBS is 7979
Omega Ratio Rank
The Calmar Ratio Rank of VMBS is 6767
Calmar Ratio Rank
The Martin Ratio Rank of VMBS is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Mortgage-Backed Securities ETF (VMBS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Vanguard Mortgage-Backed Securities ETF Sharpe ratios as of May 9, 2025 (values are recalculated daily):

  • 1-Year: 1.04
  • 5-Year: -0.15
  • 10-Year: 0.19
  • All Time: 0.36

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Vanguard Mortgage-Backed Securities ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
1.04
0.48
VMBS (Vanguard Mortgage-Backed Securities ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Mortgage-Backed Securities ETF provided a 4.13% dividend yield over the last twelve months, with an annual payout of $1.89 per share. The fund has been increasing its distributions for 3 consecutive years.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%$0.00$0.50$1.00$1.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$1.89$1.79$1.53$1.07$0.54$0.98$1.47$1.40$1.13$1.10$1.12$1.01

Dividend yield

4.13%3.94%3.31%2.35%1.02%1.81%2.77%2.72%2.16%2.10%2.12%1.90%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Mortgage-Backed Securities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.16$0.16$0.16$0.20$0.68
2024$0.00$0.14$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.15$0.30$1.79
2023$0.00$0.11$0.12$0.12$0.12$0.13$0.13$0.13$0.13$0.14$0.13$0.28$1.53
2022$0.00$0.06$0.07$0.07$0.07$0.08$0.09$0.10$0.10$0.10$0.10$0.22$1.07
2021$0.00$0.04$0.05$0.04$0.03$0.04$0.05$0.05$0.05$0.04$0.05$0.10$0.54
2020$0.00$0.11$0.10$0.13$0.10$0.09$0.08$0.07$0.07$0.07$0.07$0.09$0.98
2019$0.00$0.13$0.12$0.15$0.13$0.14$0.11$0.13$0.12$0.11$0.12$0.22$1.47
2018$0.00$0.10$0.10$0.13$0.11$0.12$0.10$0.12$0.12$0.12$0.13$0.26$1.40
2017$0.00$0.07$0.09$0.09$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.21$1.13
2016$0.00$0.07$0.09$0.09$0.08$0.08$0.08$0.08$0.08$0.07$0.07$0.32$1.10
2015$0.00$0.06$0.14$0.07$0.05$0.06$0.06$0.06$0.06$0.07$0.07$0.42$1.12
2014$0.08$0.08$0.08$0.08$0.08$0.07$0.07$0.06$0.06$0.07$0.28$1.01

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-5.01%
-7.82%
VMBS (Vanguard Mortgage-Backed Securities ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Mortgage-Backed Securities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Mortgage-Backed Securities ETF was 17.52%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current Vanguard Mortgage-Backed Securities ETF drawdown is 5.01%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-17.52%Aug 11, 2020554Oct 20, 2022
-5.34%May 7, 20102May 10, 2010261May 20, 2011263
-5.08%Mar 10, 20207Mar 18, 20207Mar 27, 202014
-4%Sep 27, 2012235Sep 5, 2013122Mar 3, 2014357
-3.26%Sep 28, 201656Dec 15, 2016158Aug 3, 2017214

Volatility

Volatility Chart

The current Vanguard Mortgage-Backed Securities ETF volatility is 2.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
2.26%
11.21%
VMBS (Vanguard Mortgage-Backed Securities ETF)
Benchmark (^GSPC)