VBMPX vs. DODIX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and Dodge & Cox Income Fund (DODIX).
VBMPX is managed by Vanguard. It was launched on Feb 5, 2010. DODIX is managed by Dodge & Cox.
Performance
VBMPX vs. DODIX - Performance Comparison
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VBMPX vs. DODIX - 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% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, VBMPX achieves a -0.49% return, which is significantly lower than DODIX's -0.19% return. Over the past 10 years, VBMPX has underperformed DODIX with an annualized return of 1.60%, while DODIX has yielded a comparatively higher 3.02% 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%
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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VBMPX vs. DODIX - Expense Ratio Comparison
VBMPX has a 0.03% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
VBMPX vs. DODIX — Risk / Return Rank
VBMPX
DODIX
VBMPX vs. DODIX - 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 Dodge & Cox Income Fund (DODIX). 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 | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.15 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.65 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.02 | -0.23 |
Martin ratioReturn relative to average drawdown | 5.11 | 6.03 | -0.93 |
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 | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.15 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.25 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.69 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.47 | -0.96 |
Correlation
The correlation between VBMPX and DODIX is 0.87, 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. DODIX - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.63%, less than DODIX's 4.29% 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% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
VBMPX vs. DODIX - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.90%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for VBMPX and DODIX.
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Drawdown Indicators
| VBMPX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -16.89% | -2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.94% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -16.89% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -16.89% | -2.01% |
Current DrawdownCurrent decline from peak | -3.13% | -2.32% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -1.50% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.98% | -0.02% |
Volatility
VBMPX vs. DODIX - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 1.55%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that VBMPX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBMPX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.85% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 2.80% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.61% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 5.52% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 4.42% | +0.55% |