VBMPX vs. BLV
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and Vanguard Long-Term Bond ETF (BLV).
VBMPX is managed by Vanguard. It was launched on Feb 5, 2010. 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: VBMPX or BLV.
Key characteristics
| VBMPX | BLV | |
|---|---|---|
| YTD Return | 2.01% | -0.41% |
| 1Y Return | 8.53% | 12.08% |
| 3Y Return (Ann) | -2.18% | -7.92% |
| 5Y Return (Ann) | -0.10% | -2.28% |
| 10Y Return (Ann) | 1.43% | 1.70% |
| Sharpe Ratio | 1.52 | 1.07 |
| Sortino Ratio | 2.27 | 1.57 |
| Omega Ratio | 1.28 | 1.18 |
| Calmar Ratio | 0.56 | 0.37 |
| Martin Ratio | 5.30 | 2.97 |
| Ulcer Index | 1.65% | 4.33% |
| Daily Std Dev | 5.76% | 12.01% |
| Max Drawdown | -18.99% | -38.29% |
| Current Drawdown | -8.61% | -26.53% |
Correlation
The correlation between VBMPX and BLV is 0.88, 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. BLV - Performance Comparison
In the year-to-date period, VBMPX achieves a 2.01% return, which is significantly higher than BLV's -0.41% return. Over the past 10 years, VBMPX has underperformed BLV with an annualized return of 1.43%, while BLV has yielded a comparatively higher 1.70% 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. BLV - Expense Ratio Comparison
VBMPX has a 0.03% expense ratio, which is lower than BLV's 0.04% 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. BLV - 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 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
VBMPX vs. BLV - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.59%, less than BLV's 4.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.59% | 3.12% | 2.55% | 1.93% | 2.25% | 2.74% | 2.78% | 2.55% | 2.50% | 2.52% | 2.58% | 2.58% |
BLV Vanguard Long-Term Bond ETF | 4.45% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
VBMPX vs. BLV - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.99%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for VBMPX and BLV. For additional features, visit the drawdowns tool.
Volatility
VBMPX vs. BLV - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 1.67%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 3.99%. This indicates that VBMPX experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.