VBLAX vs. VUSXX
VBLAX (Vanguard Long-Term Bond Index Fund Admiral Shares) and VUSXX (Vanguard Treasury Money Market Fund) are both mutual funds - VBLAX is a Total Bond Market fund managed by Vanguard, while VUSXX is a Money Market fund actively managed by Vanguard. Over the past 5 years, VBLAX returned -5.20%/yr vs 1.62%/yr for VUSXX. Their 0.07 correlation means their historical movements had little consistent relationship. Both charge a 0.07% expense ratio.
Performance
VBLAX vs. VUSXX - 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 VUSXX's 1.82% 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%
VUSXX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.50%
- YTD
- 1.82%
- 1Y
- 3.55%
- 3Y*
- 2.71%
- 5Y*
- 1.62%
- 10Y*
- —
- ALL TIME*
- 1.56%
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. VUSXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | -3.42% | 6.57% | -4.14% | 7.55% | -27.22% | 6.47% |
VUSXX Vanguard Treasury Money Market Fund | 1.82% | 4.25% | 1.65% | 0.43% | 0.00% | 0.00% |
Correlation
The correlation between VBLAX and VUSXX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.07 |
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Return for Risk
VBLAX vs. VUSXX — Risk / Return Rank
VBLAX
VUSXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VBLAX vs. VUSXX - 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 Treasury Money Market Fund (VUSXX). 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 | VUSXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.52 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.00 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | — | — |
| Martin ratioReturn relative to average drawdown | -0.05 | — | — |
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Drawdowns
VBLAX vs. VUSXX - Drawdown Comparison
The maximum VBLAX drawdown since its inception was -38.62%, which is greater than VUSXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VBLAX and VUSXX.
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Drawdown Indicators
| VBLAX | VUSXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | 0.00% | -38.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | 0.00% | -6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -11.56% | 0.00% | -11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | 0.00% | -36.32% |
Current DrawdownCurrent decline from peak | -27.42% | 0.00% | -27.42% |
Average DrawdownAverage peak-to-trough decline | -18.25% | 0.00% | -18.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 0.00% | +2.75% |
Volatility
VBLAX vs. VUSXX - Volatility Comparison
Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) has a higher volatility of 2.10% compared to Vanguard Treasury Money Market Fund (VUSXX) at 0.00%. This indicates that VBLAX's price experiences larger fluctuations and is considered to be riskier than VUSXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBLAX | VUSXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.00% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.00% | 0.72% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 1.11% | +6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 0.76% | +12.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 0.74% | +11.82% |
VBLAX vs. VUSXX - Expense Ratio Comparison
Both VBLAX and VUSXX 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. VUSXX - Dividend Comparison
VBLAX's dividend yield for the trailing twelve months is around 4.54%, more than VUSXX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VUSXX Vanguard Treasury Money Market Fund | 3.49% | 4.15% | 1.63% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBLAX and VUSXX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBLAX has higher volatility (2.10%) compared to VUSXX (0.00%). In terms of maximum drawdown, VBLAX dropped -38.62% vs VUSXX's 0.00%.
VUSXX currently has the higher Sharpe Ratio (3.50 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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