VABS vs. GNMA
Compare and contrast key facts about Virtus Newfleet ABS/MBS ETF (VABS) and iShares GNMA Bond ETF (GNMA).
VABS and GNMA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VABS is an actively managed fund by Virtus Investment Partners. It was launched on Feb 9, 2021. 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.
Performance
VABS vs. GNMA - Performance Comparison
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VABS vs. GNMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VABS Virtus Newfleet ABS/MBS ETF | 0.70% | 5.40% | 7.59% | 7.61% | -5.24% | 0.45% |
GNMA iShares GNMA Bond ETF | 0.45% | 8.25% | 1.07% | 5.34% | -10.83% | -1.66% |
Returns By Period
In the year-to-date period, VABS achieves a 0.70% return, which is significantly higher than GNMA's 0.45% return.
VABS
- 1D
- -0.05%
- 1M
- -0.39%
- YTD
- 0.70%
- 6M
- 1.62%
- 1Y
- 4.48%
- 3Y*
- 6.26%
- 5Y*
- 3.20%
- 10Y*
- —
GNMA
- 1D
- 0.23%
- 1M
- -1.26%
- YTD
- 0.45%
- 6M
- 1.88%
- 1Y
- 5.35%
- 3Y*
- 4.05%
- 5Y*
- 0.45%
- 10Y*
- 1.27%
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VABS vs. GNMA - Expense Ratio Comparison
VABS has a 0.39% expense ratio, which is higher than GNMA's 0.15% expense ratio.
Return for Risk
VABS vs. GNMA — Risk / Return Rank
VABS
GNMA
VABS vs. GNMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet ABS/MBS ETF (VABS) and iShares GNMA Bond ETF (GNMA). 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.
| VABS | GNMA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 1.12 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.80 | 1.63 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.20 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 4.13 | 1.90 | +2.22 |
Martin ratioReturn relative to average drawdown | 10.78 | 5.64 | +5.15 |
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
| VABS | GNMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.12 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.40 | 0.07 | +1.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.25 | +1.12 |
Correlation
The correlation between VABS and GNMA is 0.63, 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
VABS vs. GNMA - Dividend Comparison
VABS's dividend yield for the trailing twelve months is around 5.21%, more than GNMA's 4.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VABS Virtus Newfleet ABS/MBS ETF | 5.21% | 4.94% | 5.05% | 4.13% | 2.47% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GNMA iShares GNMA Bond ETF | 4.21% | 4.19% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.61% | 2.41% | 2.15% | 1.89% | 1.50% |
Drawdowns
VABS vs. GNMA - Drawdown Comparison
The maximum VABS drawdown since its inception was -7.12%, smaller than the maximum GNMA drawdown of -17.09%. Use the drawdown chart below to compare losses from any high point for VABS and GNMA.
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Drawdown Indicators
| VABS | GNMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.12% | -17.09% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.05% | -2.93% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.12% | -16.02% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.09% | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.52% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -3.69% | +2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.99% | -0.59% |
Volatility
VABS vs. GNMA - Volatility Comparison
The current volatility for Virtus Newfleet ABS/MBS ETF (VABS) is 0.61%, while iShares GNMA Bond ETF (GNMA) has a volatility of 1.79%. This indicates that VABS experiences smaller price fluctuations and is considered to be less risky than GNMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VABS | GNMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.79% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 2.76% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.22% | 4.78% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 6.56% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.27% | 5.11% | -2.84% |