VBMPX vs. AGG
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and iShares Core U.S. Aggregate Bond ETF (AGG).
VBMPX is managed by Vanguard. It was launched on Feb 5, 2010. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBMPX or AGG.
Key characteristics
| VBMPX | AGG | |
|---|---|---|
| YTD Return | 1.37% | 1.83% |
| 1Y Return | 7.85% | 8.19% |
| 3Y Return (Ann) | -2.39% | -2.19% |
| 5Y Return (Ann) | -0.28% | -0.18% |
| 10Y Return (Ann) | 1.37% | 1.46% |
| Sharpe Ratio | 1.36 | 1.37 |
| Sortino Ratio | 2.02 | 2.03 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 0.50 | 0.53 |
| Martin Ratio | 4.70 | 4.90 |
| Ulcer Index | 1.67% | 1.67% |
| Daily Std Dev | 5.79% | 5.95% |
| Max Drawdown | -18.99% | -18.43% |
| Current Drawdown | -9.18% | -8.47% |
Correlation
The correlation between VBMPX and AGG is 0.91, 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
VBMPX vs. AGG - Performance Comparison
In the year-to-date period, VBMPX achieves a 1.37% return, which is significantly lower than AGG's 1.83% return. Over the past 10 years, VBMPX has underperformed AGG with an annualized return of 1.37%, while AGG has yielded a comparatively higher 1.46% 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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VBMPX vs. AGG - Expense Ratio Comparison
VBMPX has a 0.03% expense ratio, which is lower than AGG's 0.05% 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%.
Risk-Adjusted Performance
VBMPX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
VBMPX vs. AGG - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.61%, which matches AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.61% | 3.12% | 2.55% | 1.93% | 2.25% | 2.74% | 2.78% | 2.55% | 2.50% | 2.52% | 2.58% | 2.58% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
VBMPX vs. AGG - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.99%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for VBMPX and AGG. For additional features, visit the drawdowns tool.
Volatility
VBMPX vs. AGG - Volatility Comparison
Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.76% and 1.78%, 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.