GNMA vs. VMBS
Compare and contrast key facts about iShares GNMA Bond ETF (GNMA) and Vanguard Mortgage-Backed Securities ETF (VMBS).
GNMA and VMBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNMA is a passively managed fund by iShares that tracks the performance of the Barclays Capital GNMA Index. It was launched on Feb 14, 2012. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009. Both GNMA and VMBS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNMA or VMBS.
Correlation
The correlation between GNMA and VMBS is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GNMA vs. VMBS - Performance Comparison
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Key characteristics
GNMA:
0.96
VMBS:
1.01
GNMA:
1.44
VMBS:
1.53
GNMA:
1.17
VMBS:
1.18
GNMA:
0.53
VMBS:
0.56
GNMA:
2.60
VMBS:
3.12
GNMA:
2.21%
VMBS:
1.98%
GNMA:
5.98%
VMBS:
5.95%
GNMA:
-17.09%
VMBS:
-17.52%
GNMA:
-4.94%
VMBS:
-4.82%
Returns By Period
In the year-to-date period, GNMA achieves a 2.63% return, which is significantly higher than VMBS's 2.38% return. Over the past 10 years, GNMA has underperformed VMBS with an annualized return of 0.86%, while VMBS has yielded a comparatively higher 1.02% annualized return.
GNMA
2.63%
1.03%
1.66%
5.91%
-0.97%
0.86%
VMBS
2.38%
1.25%
1.78%
6.32%
-0.90%
1.02%
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GNMA vs. VMBS - Expense Ratio Comparison
GNMA has a 0.15% expense ratio, which is higher than VMBS's 0.04% 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%.
Risk-Adjusted Performance
GNMA vs. VMBS — Risk-Adjusted Performance Rank
GNMA
VMBS
GNMA vs. VMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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.
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Dividends
GNMA vs. VMBS - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.14%, which matches VMBS's 4.12% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.14% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.61% | 2.41% | 2.15% | 1.89% | 1.50% | 1.22% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.12% | 3.94% | 3.31% | 2.35% | 1.02% | 1.81% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% | 1.90% |
Drawdowns
GNMA vs. VMBS - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, roughly equal to the maximum VMBS drawdown of -17.52%. Use the drawdown chart below to compare losses from any high point for GNMA and VMBS. For additional features, visit the drawdowns tool.
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Volatility
GNMA vs. VMBS - Volatility Comparison
The current volatility for iShares GNMA Bond ETF (GNMA) is 2.01%, while Vanguard Mortgage-Backed Securities ETF (VMBS) has a volatility of 2.26%. This indicates that GNMA experiences smaller price fluctuations and is considered to be less risky than VMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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