VBLIX vs. VBMPX
Compare and contrast key facts about Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX).
VBLIX is managed by Vanguard. It was launched on Oct 6, 2011. VBMPX is managed by Vanguard. It was launched on Feb 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBLIX or VBMPX.
Key characteristics
| VBLIX | VBMPX | |
|---|---|---|
| YTD Return | -0.45% | 2.22% |
| 1Y Return | 13.04% | 8.99% |
| 3Y Return (Ann) | -8.61% | -2.40% |
| 5Y Return (Ann) | -2.77% | 0.00% |
| 10Y Return (Ann) | 1.37% | 1.47% |
| Sharpe Ratio | 0.91 | 1.38 |
| Sortino Ratio | 1.35 | 2.04 |
| Omega Ratio | 1.16 | 1.25 |
| Calmar Ratio | 0.30 | 0.50 |
| Martin Ratio | 2.62 | 4.90 |
| Ulcer Index | 4.22% | 1.64% |
| Daily Std Dev | 12.10% | 5.82% |
| Max Drawdown | -40.07% | -18.99% |
| Current Drawdown | -28.49% | -8.42% |
Correlation
The correlation between VBLIX and VBMPX is 0.93, 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
VBLIX vs. VBMPX - Performance Comparison
In the year-to-date period, VBLIX achieves a -0.45% return, which is significantly lower than VBMPX's 2.22% return. Over the past 10 years, VBLIX has underperformed VBMPX with an annualized return of 1.37%, while VBMPX has yielded a comparatively higher 1.47% 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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VBLIX vs. VBMPX - Expense Ratio Comparison
VBLIX has a 0.04% expense ratio, which is higher than VBMPX's 0.03% 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
VBLIX vs. VBMPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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
VBLIX vs. VBMPX - Dividend Comparison
VBLIX's dividend yield for the trailing twelve months is around 4.41%, more than VBMPX's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLIX Vanguard Long-Term Bond Index Fund Institutional Plus | 4.41% | 4.11% | 4.00% | 2.88% | 2.98% | 3.47% | 4.01% | 3.71% | 4.03% | 4.26% | 4.05% | 4.66% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.58% | 3.12% | 2.55% | 1.93% | 2.25% | 2.74% | 2.78% | 2.55% | 2.50% | 2.52% | 2.58% | 2.58% |
Drawdowns
VBLIX vs. VBMPX - Drawdown Comparison
The maximum VBLIX drawdown since its inception was -40.07%, which is greater than VBMPX's maximum drawdown of -18.99%. Use the drawdown chart below to compare losses from any high point for VBLIX and VBMPX. For additional features, visit the drawdowns tool.
Volatility
VBLIX vs. VBMPX - Volatility Comparison
Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) has a higher volatility of 4.05% compared to Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) at 1.66%. This indicates that VBLIX's price experiences larger fluctuations and is considered to be riskier than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.