VBLAX vs. VMVAX
VBLAX (Vanguard Long-Term Bond Index Fund Admiral Shares) and VMVAX (Vanguard Mid-Cap Value Index Fund Admiral Shares) are both mutual funds - VBLAX is a Total Bond Market fund managed by Vanguard, while VMVAX is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index. Over the past 5 years, VBLAX returned -5.20%/yr vs 10.12%/yr for VMVAX. Their -0.00 correlation means they have often moved in opposite directions in the past. Both charge a 0.07% expense ratio.
Performance
VBLAX vs. VMVAX - Performance Comparison
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Returns By Period
In the year-to-date period, VBLAX achieves a -3.42% return, which is significantly lower than VMVAX's 16.59% return.
VBLAX
- 1D
- -0.50%
- 1M
- -3.76%
- 6M
- -3.26%
- YTD
- -3.42%
- 1Y
- -1.17%
- 3Y*
- 1.23%
- 5Y*
- -5.20%
- 10Y*
- —
- ALL TIME*
- 0.08%
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 |
VBLAX vs. VMVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | -3.42% | 6.57% | -4.14% | 7.55% | -27.22% | -3.36% | 15.75% | 16.45% |
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares | 16.59% | 12.06% | 13.63% | 10.12% | -7.89% | 28.77% | 2.45% | 15.31% |
Correlation
The correlation between VBLAX and VMVAX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | -0.00 |
The correlation between VBLAX and VMVAX shifts across timeframes, from -0.00 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBLAX vs. VMVAX — Risk / Return Rank
VBLAX
VMVAX
VBLAX vs. VMVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) 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.
| VBLAX | VMVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.59 | -3.61 |
| Martin ratioReturn relative to average drawdown | -0.05 | 14.00 | -14.05 |
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Drawdowns
VBLAX vs. VMVAX - Drawdown Comparison
The maximum VBLAX drawdown since its inception was -38.62%, smaller than the maximum VMVAX drawdown of -43.07%. Use the drawdown chart below to compare losses from any high point for VBLAX and VMVAX.
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Drawdown Indicators
| VBLAX | VMVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -43.07% | +4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.95% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -11.56% | -18.40% | +6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -19.75% | -16.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.07% | — |
Current DrawdownCurrent decline from peak | -27.42% | -1.34% | -26.08% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -4.33% | -13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 1.78% | +0.97% |
Volatility
VBLAX vs. VMVAX - Volatility Comparison
The current volatility for Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) is 2.10%, while Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) has a volatility of 2.72%. This indicates that VBLAX 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
| VBLAX | VMVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 2.72% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 6.00% | 8.13% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 11.35% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 15.88% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 18.69% | -6.13% |
VBLAX vs. VMVAX - Expense Ratio Comparison
Both VBLAX and VMVAX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VBLAX vs. VMVAX - Dividend Comparison
VBLAX's dividend yield for the trailing twelve months is around 4.54%, more than VMVAX's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.54% | 4.64% | 4.61% | 4.08% | 4.13% | 2.62% | 5.39% | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VBLAX and VMVAX have a correlation of 0.29, 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 VBLAX (2.10%). In terms of maximum drawdown, VBLAX dropped -38.62% vs VMVAX's -43.07%.
VMVAX currently has the higher Sharpe Ratio (2.20 vs -0.02), 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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