VBMPX vs. BND
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and Vanguard Total Bond Market ETF (BND).
VBMPX is managed by Vanguard. It was launched on Feb 5, 2010. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond 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 BND.
Key characteristics
| VBMPX | BND | |
|---|---|---|
| YTD Return | 1.37% | 1.55% |
| 1Y Return | 6.68% | 6.53% |
| 3Y Return (Ann) | -2.38% | -2.38% |
| 5Y Return (Ann) | -0.26% | -0.27% |
| 10Y Return (Ann) | 1.37% | 1.40% |
| Sharpe Ratio | 1.36 | 1.34 |
| Sortino Ratio | 2.02 | 1.98 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 0.51 | 0.51 |
| Martin Ratio | 4.66 | 4.70 |
| Ulcer Index | 1.68% | 1.67% |
| Daily Std Dev | 5.79% | 5.84% |
| Max Drawdown | -18.99% | -18.84% |
| Current Drawdown | -9.18% | -9.21% |
Correlation
The correlation between VBMPX and BND is 0.92, 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. BND - Performance Comparison
In the year-to-date period, VBMPX achieves a 1.37% return, which is significantly lower than BND's 1.55% return. Both investments have delivered pretty close results over the past 10 years, with VBMPX having a 1.37% annualized return and BND not far ahead at 1.40%. 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. BND - Expense Ratio Comparison
Both VBMPX and BND 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%.
Risk-Adjusted Performance
VBMPX vs. BND - 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 Total Bond Market ETF (BND). 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. BND - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.61%, which matches BND's 3.58% 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% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
VBMPX vs. BND - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.99%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VBMPX and BND. For additional features, visit the drawdowns tool.
Volatility
VBMPX vs. BND - Volatility Comparison
Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.66% and 1.70%, 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.