VBIAX vs. VSMGX
Compare and contrast key facts about Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Vanguard LifeStrategy Moderate Growth Fund (VSMGX).
VBIAX is managed by Vanguard. It was launched on Nov 13, 2000. VSMGX is managed by Vanguard. It was launched on Sep 30, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIAX or VSMGX.
Key characteristics
| VBIAX | VSMGX | |
|---|---|---|
| YTD Return | 6.06% | 5.08% |
| 1Y Return | 17.05% | 14.40% |
| 3Y Return (Ann) | 4.16% | 2.53% |
| 5Y Return (Ann) | 8.72% | 6.96% |
| 10Y Return (Ann) | 8.13% | 6.40% |
| Sharpe Ratio | 2.17 | 1.63 |
| Daily Std Dev | 8.45% | 8.90% |
| Max Drawdown | -35.90% | -41.13% |
| Current Drawdown | -0.23% | -0.12% |
Correlation
The correlation between VBIAX and VSMGX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VBIAX vs. VSMGX - Performance Comparison
In the year-to-date period, VBIAX achieves a 6.06% return, which is significantly higher than VSMGX's 5.08% return. Over the past 10 years, VBIAX has outperformed VSMGX with an annualized return of 8.13%, while VSMGX has yielded a comparatively lower 6.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VBIAX vs. VSMGX - Expense Ratio Comparison
VBIAX has a 0.07% expense ratio, which is lower than VSMGX's 0.13% expense ratio. Despite the difference, 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
VBIAX vs. VSMGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Vanguard LifeStrategy Moderate Growth Fund (VSMGX). 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.
Dividends
VBIAX vs. VSMGX - Dividend Comparison
VBIAX's dividend yield for the trailing twelve months is around 4.33%, more than VSMGX's 3.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | 4.33% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% | 1.92% | 1.85% |
VSMGX Vanguard LifeStrategy Moderate Growth Fund | 3.82% | 4.01% | 2.66% | 3.86% | 3.46% | 2.52% | 4.11% | 2.31% | 2.26% | 3.89% | 2.75% | 2.21% |
Drawdowns
VBIAX vs. VSMGX - Drawdown Comparison
The maximum VBIAX drawdown since its inception was -35.90%, smaller than the maximum VSMGX drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for VBIAX and VSMGX. For additional features, visit the drawdowns tool.
Volatility
VBIAX vs. VSMGX - Volatility Comparison
Vanguard Balanced Index Fund Admiral Shares (VBIAX) has a higher volatility of 2.43% compared to Vanguard LifeStrategy Moderate Growth Fund (VSMGX) at 2.22%. This indicates that VBIAX's price experiences larger fluctuations and is considered to be riskier than VSMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.