MAGG vs. VGVT
MAGG (Madison Aggregate Bond ETF) and VGVT (Vanguard Government Securities Active ETF) are both Intermediate Core Bond funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. MAGG charges 0.40%/yr vs 0.10%/yr for VGVT.
Performance
MAGG vs. VGVT - Performance Comparison
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Returns By Period
In the year-to-date period, MAGG achieves a 0.15% return, which is significantly higher than VGVT's 0.11% return.
MAGG
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 0.15%
- 6M
- 0.22%
- 1Y
- 5.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGVT
- 1D
- -0.15%
- 1M
- 0.17%
- YTD
- 0.11%
- 6M
- 0.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGG vs. VGVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MAGG Madison Aggregate Bond ETF | 0.15% | 3.78% |
VGVT Vanguard Government Securities Active ETF | 0.11% | 3.28% |
Correlation
The correlation between MAGG and VGVT is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025 | 0.72 |
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Return for Risk
MAGG vs. VGVT — Risk / Return Rank
MAGG
VGVT
MAGG vs. VGVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Aggregate Bond ETF (MAGG) and Vanguard Government Securities Active ETF (VGVT). 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.
| MAGG | VGVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 5.88 | — | — |
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
| MAGG | VGVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.17 | -0.13 |
Drawdowns
MAGG vs. VGVT - Drawdown Comparison
The maximum MAGG drawdown since its inception was -4.56%, which is greater than VGVT's maximum drawdown of -2.77%. Use the drawdown chart below to compare losses from any high point for MAGG and VGVT.
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Drawdown Indicators
| MAGG | VGVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.56% | -2.77% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -1.76% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -0.67% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | — | — |
Volatility
MAGG vs. VGVT - Volatility Comparison
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Volatility by Period
| MAGG | VGVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.22% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 3.22% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 3.22% | +1.53% |
MAGG vs. VGVT - Expense Ratio Comparison
MAGG has a 0.40% expense ratio, which is higher than VGVT's 0.10% expense ratio.
Dividends
MAGG vs. VGVT - Dividend Comparison
MAGG's dividend yield for the trailing twelve months is around 4.74%, more than VGVT's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MAGG Madison Aggregate Bond ETF | 4.74% | 4.80% | 5.13% | 1.49% |
VGVT Vanguard Government Securities Active ETF | 3.99% | 2.29% | 0.00% | 0.00% |
Frequently Asked Questions
MAGG and VGVT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGVT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVT is cheaper with a 0.10% expense ratio, compared with 0.40% for MAGG.
MAGG has the higher dividend yield at 4.74%, compared with 3.99% for VGVT.
They also come from different issuers: Madison and Vanguard. Their fees differ too: 0.40% for MAGG and 0.10% for VGVT.
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