RMTBX vs. VFAIX

Last updated Jun 23, 2026

RMTBX (Aspiriant Risk-Managed Taxable Bond Fund) and VFAIX (Vanguard Financials Index Fund Admiral Shares) are both mutual funds - RMTBX is a Intermediate Core-Plus Bond fund managed by BlackRock, while VFAIX is a Financials Equities fund tracking the MSCI US Investable Market Financials 25/50 Index. Over the past 5 years, RMTBX returned 0.55%/yr vs 10.94%/yr for VFAIX. At a 0.01 correlation, their price movements are largely independent. RMTBX charges 0.69%/yr vs 0.09%/yr for VFAIX.

Performance

RMTBX vs. VFAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) and Vanguard Financials Index Fund Admiral Shares (VFAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMTBX achieves a 0.12% return, which is significantly higher than VFAIX's -1.21% return.

RMTBX

• 1D: 0.23%
• 1M: 1.05%
• YTD: 0.12%
• 6M: 0.27%
• 1Y: 4.98%
• 3Y*: 4.10%
• 5Y*: 0.55%
• 10Y*: —

VFAIX

• 1D: -0.72%
• 1M: 3.20%
• YTD: -1.21%
• 6M: -2.50%
• 1Y: 9.24%
• 3Y*: 19.62%
• 5Y*: 10.94%
• 10Y*: 13.16%

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

RMTBX vs. VFAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RMTBX Aspiriant Risk-Managed Taxable Bond Fund	0.12%	7.25%	0.54%	7.76%	-11.67%	-0.57%	6.63%	7.63%	0.91%
VFAIX Vanguard Financials Index Fund Admiral Shares	-1.21%	14.90%	30.46%	14.07%	-12.26%	36.27%	-2.15%	31.63%	-11.98%

Correlation

The correlation between RMTBX and VFAIX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018	0.01

Over the past year, RMTBX and VFAIX have become more correlated (0.26) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

RMTBX vs. VFAIX — Risk / Return Rank

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

RMTBX

RMTBX Risk / Return Rank: 22
RMTBX Sharpe Ratio Rank: 26
RMTBX Sortino Ratio Rank: 24
RMTBX Omega Ratio Rank: 28
RMTBX Calmar Ratio Rank: 18
RMTBX Martin Ratio Rank: 16

VFAIX

VFAIX Risk / Return Rank: 8
VFAIX Sharpe Ratio Rank: 8
VFAIX Sortino Ratio Rank: 8
VFAIX Omega Ratio Rank: 8
VFAIX Calmar Ratio Rank: 7
VFAIX 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.

RMTBX vs. VFAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) and Vanguard Financials Index Fund Admiral Shares (VFAIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RMTBX	VFAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	0.64	+0.72
Sortino ratio: Return per unit of downside risk	1.93	0.96	+0.97
Omega ratio: Gain probability vs. loss probability	1.26	1.12	+0.14
Calmar ratio: Return relative to maximum drawdown	1.42	0.65	+0.77
Martin ratio: Return relative to average drawdown	3.99	1.70	+2.30

RMTBX vs. VFAIX - Sharpe Ratio Comparison

The current RMTBX Sharpe Ratio is 1.36, which is higher than the VFAIX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of RMTBX and VFAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RMTBX vs. VFAIX - Drawdown Comparison

The maximum RMTBX drawdown since its inception was -17.19%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for RMTBX and VFAIX.

Drawdown Indicators

	RMTBX	VFAIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.19%	-78.64%	+61.45%
Max Drawdown (1Y) Largest decline over 1 year	-3.52%	-14.72%	+11.20%
Max Drawdown (3Y) Largest decline over 3 years	-6.24%	-17.31%	+11.07%
Max Drawdown (5Y) Largest decline over 5 years	-17.19%	-25.71%	+8.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.37%	—
Current Drawdown Current decline from peak	-1.82%	-4.22%	+2.40%
Average Drawdown Average peak-to-trough decline	-4.05%	-18.58%	+14.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	5.65%	-4.40%

Volatility

RMTBX vs. VFAIX - Volatility Comparison

The current volatility for Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) is 1.07%, while Vanguard Financials Index Fund Admiral Shares (VFAIX) has a volatility of 4.31%. This indicates that RMTBX experiences smaller price fluctuations and is considered to be less risky than VFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMTBX	VFAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	4.31%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	11.37%	-8.44%
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	14.92%	-11.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.53%	19.32%	-13.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.75%	22.62%	-17.87%

RMTBX vs. VFAIX - Expense Ratio Comparison

RMTBX has a 0.69% expense ratio, which is higher than VFAIX's 0.09% expense ratio.

Dividends

RMTBX vs. VFAIX - Dividend Comparison

RMTBX's dividend yield for the trailing twelve months is around 3.33%, more than VFAIX's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RMTBX Aspiriant Risk-Managed Taxable Bond Fund	3.33%	3.34%	3.13%	5.19%	4.47%	4.35%	5.40%	3.38%	2.43%	0.00%	0.00%	0.00%
VFAIX Vanguard Financials Index Fund Admiral Shares	1.48%	1.56%	1.75%	2.08%	2.31%	2.62%	2.21%	2.17%	2.30%	1.54%	1.64%	2.00%

Frequently Asked Questions

Can I hold both RMTBX and VFAIX in my portfolio?

RMTBX and VFAIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMTBX or VFAIX?

VFAIX has higher volatility (4.31%) compared to RMTBX (1.07%). In terms of maximum drawdown, RMTBX dropped -17.19% vs VFAIX's -78.64%.

Which has better risk-adjusted returns?

RMTBX currently has the higher Sharpe Ratio (1.36 vs 0.64), 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.