VBLAX vs. BLV
Compare and contrast key facts about Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) and Vanguard Long-Term Bond ETF (BLV).
VBLAX is managed by Vanguard. It was launched on Feb 7, 2019. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBLAX or BLV.
Key characteristics
| VBLAX | BLV | |
|---|---|---|
| YTD Return | -2.76% | -2.51% |
| 1Y Return | 7.84% | 7.63% |
| 3Y Return (Ann) | -8.71% | -8.56% |
| 5Y Return (Ann) | -3.56% | -2.87% |
| Sharpe Ratio | 0.83 | 0.82 |
| Sortino Ratio | 1.24 | 1.23 |
| Omega Ratio | 1.14 | 1.14 |
| Calmar Ratio | 0.28 | 0.29 |
| Martin Ratio | 2.33 | 2.26 |
| Ulcer Index | 4.29% | 4.38% |
| Daily Std Dev | 12.05% | 12.10% |
| Max Drawdown | -40.12% | -38.29% |
| Current Drawdown | -30.21% | -28.08% |
Correlation
The correlation between VBLAX and BLV is 0.96, 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
VBLAX vs. BLV - Performance Comparison
In the year-to-date period, VBLAX achieves a -2.76% return, which is significantly lower than BLV's -2.51% 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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VBLAX vs. BLV - Expense Ratio Comparison
VBLAX has a 0.07% expense ratio, which is higher than BLV's 0.04% 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%.
Risk-Adjusted Performance
VBLAX vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) and Vanguard Long-Term Bond ETF (BLV). 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
VBLAX vs. BLV - Dividend Comparison
VBLAX's dividend yield for the trailing twelve months is around 4.49%, less than BLV's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.49% | 4.08% | 3.99% | 2.85% | 2.95% | 3.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BLV Vanguard Long-Term Bond ETF | 4.54% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
VBLAX vs. BLV - Drawdown Comparison
The maximum VBLAX drawdown since its inception was -40.12%, roughly equal to the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for VBLAX and BLV. For additional features, visit the drawdowns tool.
Volatility
VBLAX vs. BLV - Volatility Comparison
Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) and Vanguard Long-Term Bond ETF (BLV) have volatilities of 4.02% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.