VBILX vs. VMVAX
VBILX (Vanguard Intermediate-Term Bond Index Fund Admiral Shares) and VMVAX (Vanguard Mid-Cap Value Index Fund Admiral Shares) are both mutual funds - VBILX is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5-10 Year Government/Credit Float Adjusted Index, while VMVAX is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index. Both are passively managed. Over the past 10 years, VBILX returned 1.62%/yr vs 10.84%/yr for VMVAX. Their -0.14 correlation means they have often moved in opposite directions in the past. VBILX charges 0.06%/yr vs 0.07%/yr for VMVAX.
Performance
VBILX vs. VMVAX - Performance Comparison
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Returns By Period
In the year-to-date period, VBILX achieves a -1.33% return, which is significantly lower than VMVAX's 16.59% return. Over the past 10 years, VBILX has underperformed VMVAX with an annualized return of 1.62%, while VMVAX has yielded a comparatively higher 10.84% annualized return.
VBILX
- 1D
- -0.29%
- 1M
- -1.35%
- 6M
- -1.12%
- YTD
- -1.33%
- 1Y
- 1.05%
- 3Y*
- 4.25%
- 5Y*
- -0.44%
- 10Y*
- 1.62%
- ALL TIME*
- 3.89%
VMVAX
- 1D
- -0.27%
- 1M
- 2.26%
- 6M
- 11.28%
- YTD
- 16.59%
- 1Y
- 25.94%
- 3Y*
- 15.24%
- 5Y*
- 10.12%
- 10Y*
- 10.84%
- ALL TIME*
- 12.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VBILX vs. VMVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBILX Vanguard Intermediate-Term Bond Index Fund Admiral Shares | -1.33% | 8.57% | 1.54% | 6.09% | -13.59% | -2.36% | 9.82% | 10.20% | -0.15% | 3.86% |
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 16.59% | 12.06% | 13.63% | 10.12% | -7.89% | 28.77% | 2.45% | 28.03% | -12.44% | 17.04% |
Correlation
The correlation between VBILX and VMVAX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011 | -0.14 |
The correlation between VBILX and VMVAX shifts across timeframes, from -0.14 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBILX vs. VMVAX — Risk / Return Rank
VBILX
VMVAX
VBILX vs. VMVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) and Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX). 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.
| VBILX | VMVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 3.59 | -3.00 |
| Martin ratioReturn relative to average drawdown | 1.41 | 14.00 | -12.59 |
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Drawdowns
VBILX vs. VMVAX - Drawdown Comparison
The maximum VBILX drawdown since its inception was -19.26%, smaller than the maximum VMVAX drawdown of -43.07%. Use the drawdown chart below to compare losses from any high point for VBILX and VMVAX.
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Drawdown Indicators
| VBILX | VMVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -43.07% | +23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -6.95% | +3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -18.40% | +13.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.83% | -19.75% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | -43.07% | +23.81% |
Current DrawdownCurrent decline from peak | -3.10% | -1.34% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -4.33% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.78% | -0.34% |
Volatility
VBILX vs. VMVAX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond Index Fund Admiral Shares (VBILX) is 1.05%, while Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) has a volatility of 2.72%. This indicates that VBILX experiences smaller price fluctuations and is considered to be less risky than VMVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBILX | VMVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.72% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 8.13% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 11.35% | -7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 15.88% | -9.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 18.69% | -13.33% |
VBILX vs. VMVAX - Expense Ratio Comparison
VBILX has a 0.06% expense ratio, which is lower than VMVAX's 0.07% 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%.
Dividends
VBILX vs. VMVAX - Dividend Comparison
VBILX's dividend yield for the trailing twelve months is around 3.95%, more than VMVAX's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBILX Vanguard Intermediate-Term Bond Index Fund Admiral Shares | 3.95% | 4.01% | 3.80% | 3.09% | 1.99% | 3.39% | 2.94% | 2.73% | 2.87% | 2.73% | 3.06% | 3.09% |
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 1.81% | 2.10% | 2.11% | 2.26% | 2.27% | 1.78% | 2.36% | 2.08% | 2.75% | 1.86% | 1.91% | 2.04% |
Frequently Asked Questions
VBILX and VMVAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMVAX has higher volatility (2.72%) compared to VBILX (1.05%). In terms of maximum drawdown, VBILX dropped -19.26% vs VMVAX's -43.07%.
VMVAX currently has the higher Sharpe Ratio (2.20 vs 0.50), 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.
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