VBAIX vs. VBMPX
Compare and contrast key facts about Vanguard Balanced Index Fund Institutional Shares (VBAIX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX).
VBAIX is managed by Vanguard. It was launched on Dec 1, 2000. VBMPX is managed by Vanguard. It was launched on Feb 5, 2010.
Performance
VBAIX vs. VBMPX - Performance Comparison
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VBAIX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBAIX Vanguard Balanced Index Fund Institutional Shares | -4.19% | 13.60% | 17.78% | 17.55% | -16.87% | 14.20% | 16.40% | 21.79% | -2.83% | 13.86% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.49% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Returns By Period
In the year-to-date period, VBAIX achieves a -4.19% return, which is significantly lower than VBMPX's -0.49% return. Over the past 10 years, VBAIX has outperformed VBMPX with an annualized return of 9.08%, while VBMPX has yielded a comparatively lower 1.60% annualized return.
VBAIX
- 1D
- -0.08%
- 1M
- -5.44%
- YTD
- -4.19%
- 6M
- -2.39%
- 1Y
- 10.88%
- 3Y*
- 12.60%
- 5Y*
- 6.93%
- 10Y*
- 9.08%
VBMPX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.49%
- 6M
- 0.50%
- 1Y
- 3.78%
- 3Y*
- 3.46%
- 5Y*
- 0.25%
- 10Y*
- 1.60%
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VBAIX vs. VBMPX - Expense Ratio Comparison
VBAIX has a 0.06% expense ratio, which is higher than VBMPX's 0.03% 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
VBAIX vs. VBMPX — Risk / Return Rank
VBAIX
VBMPX
VBAIX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Institutional Shares (VBAIX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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.
| VBAIX | VBMPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.00 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.45 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.79 | -0.48 |
Martin ratioReturn relative to average drawdown | 6.21 | 5.11 | +1.10 |
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
| VBAIX | VBMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.00 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.04 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.32 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.51 | +0.11 |
Correlation
The correlation between VBAIX and VBMPX is -0.01. 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.
Dividends
VBAIX vs. VBMPX - Dividend Comparison
VBAIX's dividend yield for the trailing twelve months is around 5.86%, more than VBMPX's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBAIX Vanguard Balanced Index Fund Institutional Shares | 5.86% | 6.01% | 8.01% | 4.36% | 2.84% | 3.20% | 2.65% | 2.29% | 2.33% | 1.96% | 2.10% | 2.10% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.63% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Drawdowns
VBAIX vs. VBMPX - Drawdown Comparison
The maximum VBAIX drawdown since its inception was -35.82%, which is greater than VBMPX's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for VBAIX and VBMPX.
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Drawdown Indicators
| VBAIX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.82% | -18.90% | -16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -2.73% | -5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -18.12% | -3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -22.77% | -18.90% | -3.87% |
Current DrawdownCurrent decline from peak | -5.84% | -3.13% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -3.54% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.96% | +0.68% |
Volatility
VBAIX vs. VBMPX - Volatility Comparison
Vanguard Balanced Index Fund Institutional Shares (VBAIX) has a higher volatility of 3.07% compared to Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) at 1.55%. This indicates that VBAIX's price experiences larger fluctuations and is considered to be riskier than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBAIX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 1.55% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 2.59% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 4.37% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 5.99% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 4.97% | +6.22% |