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 Bloomberg U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VBMPX vs. BLV - Performance Comparison
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VBMPX vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.49% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
BLV Vanguard Long-Term Bond ETF | -0.32% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 16.13% | 18.99% | -4.17% | 10.74% |
Returns By Period
In the year-to-date period, VBMPX achieves a -0.49% return, which is significantly lower than BLV's -0.32% return. Over the past 10 years, VBMPX has outperformed BLV with an annualized return of 1.60%, while BLV has yielded a comparatively lower 1.20% annualized return.
VBMPX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.49%
- 6M
- 0.50%
- 1Y
- 3.78%
- 3Y*
- 3.46%
- 5Y*
- 0.25%
- 10Y*
- 1.60%
BLV
- 1D
- 0.36%
- 1M
- -3.51%
- YTD
- -0.32%
- 6M
- -0.68%
- 1Y
- 2.33%
- 3Y*
- 1.01%
- 5Y*
- -3.05%
- 10Y*
- 1.20%
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VBMPX vs. BLV - Expense Ratio Comparison
Both VBMPX and BLV have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VBMPX vs. BLV — Risk / Return Rank
VBMPX
BLV
VBMPX vs. BLV - Risk-Adjusted Trends 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.
| VBMPX | BLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.24 | +0.76 |
Sortino ratioReturn per unit of downside risk | 1.45 | 0.38 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.43 | +1.36 |
Martin ratioReturn relative to average drawdown | 5.11 | 1.04 | +4.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBMPX | BLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.24 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.24 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.10 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.37 | +0.14 |
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.
Dividends
VBMPX vs. BLV - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.63%, less than BLV's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.63% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
BLV Vanguard Long-Term Bond ETF | 4.73% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Drawdowns
VBMPX vs. BLV - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.90%, 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.
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Drawdown Indicators
| VBMPX | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -38.29% | +19.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -6.89% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -36.27% | +18.15% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -38.29% | +19.39% |
Current DrawdownCurrent decline from peak | -3.13% | -24.59% | +21.46% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -9.37% | +5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.84% | -1.88% |
Volatility
VBMPX vs. BLV - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 1.55%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 3.54%. 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.
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Volatility by Period
| VBMPX | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.54% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 5.50% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 9.77% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 12.98% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 11.99% | -7.02% |