CMBS vs. VBTLX
Compare and contrast key facts about iShares CMBS ETF (CMBS) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
CMBS is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. CMBS (ERISA Only) Index. It was launched on Feb 14, 2012. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
CMBS vs. VBTLX - Performance Comparison
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CMBS vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMBS iShares CMBS ETF | -0.13% | 7.67% | 4.27% | 5.06% | -11.21% | -1.82% | 7.86% | 7.94% | 0.77% | 2.95% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | -0.49% | 7.17% | 1.26% | 5.74% | -13.16% | -1.81% | 7.72% | 8.73% | -0.25% | 3.56% |
Returns By Period
In the year-to-date period, CMBS achieves a -0.13% return, which is significantly higher than VBTLX's -0.49% return. Over the past 10 years, CMBS has outperformed VBTLX with an annualized return of 2.16%, while VBTLX has yielded a comparatively lower 1.60% annualized return.
CMBS
- 1D
- -0.14%
- 1M
- -2.04%
- YTD
- -0.13%
- 6M
- 1.07%
- 1Y
- 5.15%
- 3Y*
- 5.24%
- 5Y*
- 1.01%
- 10Y*
- 2.16%
VBTLX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.49%
- 6M
- 0.50%
- 1Y
- 3.77%
- 3Y*
- 3.44%
- 5Y*
- 0.23%
- 10Y*
- 1.60%
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CMBS vs. VBTLX - Expense Ratio Comparison
CMBS has a 0.25% expense ratio, which is higher than VBTLX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
CMBS vs. VBTLX — Risk / Return Rank
CMBS
VBTLX
CMBS vs. VBTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares CMBS ETF (CMBS) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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.
| CMBS | VBTLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.00 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.44 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.78 | +0.27 |
Martin ratioReturn relative to average drawdown | 7.83 | 5.08 | +2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMBS | VBTLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.00 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.04 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.32 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.76 | -0.32 |
Correlation
The correlation between CMBS and VBTLX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CMBS vs. VBTLX - Dividend Comparison
CMBS's dividend yield for the trailing twelve months is around 3.52%, less than VBTLX's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMBS iShares CMBS ETF | 3.52% | 3.45% | 3.31% | 2.97% | 2.65% | 2.46% | 2.83% | 2.74% | 2.70% | 2.50% | 2.29% | 2.31% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.61% | 3.87% | 3.69% | 3.10% | 2.59% | 1.96% | 2.39% | 2.74% | 2.57% | 2.56% | 2.53% | 2.82% |
Drawdowns
CMBS vs. VBTLX - Drawdown Comparison
The maximum CMBS drawdown since its inception was -15.87%, smaller than the maximum VBTLX drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for CMBS and VBTLX.
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Drawdown Indicators
| CMBS | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.87% | -18.81% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.73% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -18.14% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | -18.81% | +2.94% |
Current DrawdownCurrent decline from peak | -2.04% | -3.06% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -2.67% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.96% | -0.32% |
Volatility
CMBS vs. VBTLX - Volatility Comparison
iShares CMBS ETF (CMBS) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) have volatilities of 1.50% and 1.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMBS | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.55% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 2.59% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 4.37% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 5.98% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 4.97% | +0.80% |