BGNMX vs. VLGSX

Last updated Jun 5, 2026

BGNMX (American Century Ginnie Mae Fund) and VLGSX (Vanguard Long-Term Treasury Index Fund Admiral Shares) are both Government Bonds funds. Over the past 10 years, BGNMX returned 0.87%/yr vs -1.10%/yr for VLGSX. A 0.71 correlation means they provide meaningful diversification when combined. BGNMX charges 0.55%/yr vs 0.07%/yr for VLGSX.

Performance

BGNMX vs. VLGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Ginnie Mae Fund (BGNMX) and Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGNMX achieves a 0.62% return, which is significantly higher than VLGSX's -0.54% return. Over the past 10 years, BGNMX has outperformed VLGSX with an annualized return of 0.87%, while VLGSX has yielded a comparatively lower -1.10% annualized return.

BGNMX

• 1D: -0.11%
• 1M: -0.01%
• YTD: 0.62%
• 6M: 0.95%
• 1Y: 5.53%
• 3Y*: 3.76%
• 5Y*: -0.15%
• 10Y*: 0.87%

VLGSX

• 1D: -0.33%
• 1M: 0.28%
• YTD: -0.54%
• 6M: -1.21%
• 1Y: 3.66%
• 3Y*: -0.59%
• 5Y*: -5.25%
• 10Y*: -1.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGNMX vs. VLGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGNMX American Century Ginnie Mae Fund	0.62%	7.43%	0.52%	4.72%	-12.06%	-1.79%	3.73%	6.17%	0.44%	1.22%
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares	-0.54%	5.42%	-6.17%	3.66%	-29.48%	-4.99%	17.70%	14.31%	-1.62%	8.65%

Correlation

The correlation between BGNMX and VLGSX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009	0.71

The correlation between BGNMX and VLGSX shifts across timeframes, from 0.71 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BGNMX vs. VLGSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGNMX

BGNMX Risk / Return Rank: 30
BGNMX Sharpe Ratio Rank: 29
BGNMX Sortino Ratio Rank: 31
BGNMX Omega Ratio Rank: 30
BGNMX Calmar Ratio Rank: 30
BGNMX Martin Ratio Rank: 30

VLGSX

VLGSX Risk / Return Rank: 7
VLGSX Sharpe Ratio Rank: 7
VLGSX Sortino Ratio Rank: 7
VLGSX Omega Ratio Rank: 7
VLGSX Calmar Ratio Rank: 8
VLGSX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGNMX vs. VLGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Ginnie Mae Fund (BGNMX) and Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX). 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.

	BGNMX	VLGSX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	0.59	+0.92
Sortino ratio: Return per unit of downside risk	2.24	0.91	+1.33
Omega ratio: Gain probability vs. loss probability	1.28	1.10	+0.17
Calmar ratio: Return relative to maximum drawdown	2.00	0.75	+1.25
Martin ratio: Return relative to average drawdown	6.72	1.96	+4.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGNMX vs. VLGSX - Sharpe Ratio Comparison

The current BGNMX Sharpe Ratio is 1.51, which is higher than the VLGSX Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of BGNMX and VLGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGNMX	VLGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	0.59	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	-0.36	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	-0.08	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.17	+0.77

Drawdowns

BGNMX vs. VLGSX - Drawdown Comparison

The maximum BGNMX drawdown since its inception was -18.46%, smaller than the maximum VLGSX drawdown of -46.22%. Use the drawdown chart below to compare losses from any high point for BGNMX and VLGSX.

Drawdown Indicators

	BGNMX	VLGSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.46%	-46.22%	+27.76%
Max Drawdown (1Y) Largest decline over 1 year	-3.07%	-6.99%	+3.92%
Max Drawdown (3Y) Largest decline over 3 years	-7.78%	-17.67%	+9.89%
Max Drawdown (5Y) Largest decline over 5 years	-17.74%	-41.02%	+23.28%
Max Drawdown (10Y) Largest decline over 10 years	-18.46%	-46.22%	+27.76%
Current Drawdown Current decline from peak	-1.72%	-36.65%	+34.93%
Average Drawdown Average peak-to-trough decline	-2.03%	-15.13%	+13.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	2.69%	-1.78%

Volatility

BGNMX vs. VLGSX - Volatility Comparison

The current volatility for American Century Ginnie Mae Fund (BGNMX) is 1.60%, while Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) has a volatility of 2.56%. This indicates that BGNMX experiences smaller price fluctuations and is considered to be less risky than VLGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGNMX	VLGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.60%	2.56%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	2.99%	5.99%	-3.00%
Volatility (1Y) Calculated over the trailing 1-year period	4.07%	8.90%	-4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.45%	14.55%	-8.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	13.71%	-8.87%

BGNMX vs. VLGSX - Expense Ratio Comparison

BGNMX has a 0.55% expense ratio, which is higher than VLGSX's 0.07% expense ratio.

Dividends

BGNMX vs. VLGSX - Dividend Comparison

BGNMX's dividend yield for the trailing twelve months is around 3.94%, less than VLGSX's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGNMX American Century Ginnie Mae Fund	3.94%	3.86%	3.70%	3.21%	1.90%	1.64%	2.16%	2.68%	2.65%	2.37%	2.37%	2.37%
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares	4.58%	4.41%	4.65%	3.30%	2.80%	1.85%	2.13%	2.45%	2.72%	2.55%	2.46%	2.80%

Frequently Asked Questions

Can I hold both BGNMX and VLGSX in my portfolio?

BGNMX and VLGSX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGNMX or VLGSX?

VLGSX has higher volatility (2.56%) compared to BGNMX (1.60%). In terms of maximum drawdown, BGNMX dropped -18.46% vs VLGSX's -46.22%.

Which has better risk-adjusted returns?

BGNMX currently has the higher Sharpe Ratio (1.51 vs 0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.