VBMPX vs. RNWGX
VBMPX (Vanguard Total Bond Market Index Fund Institutional Plus Shares) and RNWGX (American Funds New World Fund® Class R-6) are both mutual funds - VBMPX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index, while RNWGX is a Emerging Markets Equities fund managed by American Funds. Over the past 10 years, VBMPX returned 1.30%/yr vs 10.39%/yr for RNWGX. Their -0.09 correlation means they have often moved in opposite directions in the past. VBMPX charges 0.02%/yr vs 0.57%/yr for RNWGX.
Performance
VBMPX vs. RNWGX - Performance Comparison
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Returns By Period
In the year-to-date period, VBMPX achieves a -0.69% return, which is significantly lower than RNWGX's 11.86% return. Over the past 10 years, VBMPX has underperformed RNWGX with an annualized return of 1.30%, while RNWGX has yielded a comparatively higher 10.39% annualized return.
VBMPX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.93%
- YTD
- -0.69%
- 1Y
- 1.68%
- 3Y*
- 3.70%
- 5Y*
- -0.43%
- 10Y*
- 1.30%
- ALL TIME*
- 2.23%
RNWGX
- 1D
- 3.30%
- 1M
- -1.63%
- 6M
- 5.54%
- YTD
- 11.86%
- 1Y
- 26.74%
- 3Y*
- 15.49%
- 5Y*
- 6.52%
- 10Y*
- 10.39%
- ALL TIME*
- 7.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VBMPX vs. RNWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.69% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
RNWGX American Funds New World Fund® Class R-6 | 11.86% | 28.67% | 6.88% | 16.26% | -21.77% | 5.09% | 25.30% | 28.03% | -12.00% | 33.07% |
Correlation
The correlation between VBMPX and RNWGX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2010 | -0.09 |
The correlation between VBMPX and RNWGX shifts across timeframes, from -0.09 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBMPX vs. RNWGX — Risk / Return Rank
VBMPX
RNWGX
VBMPX vs. RNWGX - 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 American Funds New World Fund® Class R-6 (RNWGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VBMPX | RNWGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.90 | -0.90 |
| Martin ratioReturn relative to average drawdown | 2.50 | 6.88 | -4.38 |
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Drawdowns
VBMPX vs. RNWGX - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.90%, smaller than the maximum RNWGX drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for VBMPX and RNWGX.
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Drawdown Indicators
| VBMPX | RNWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -33.40% | +14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -13.00% | +10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -15.00% | +10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -33.40% | +15.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -33.40% | +14.50% |
Current DrawdownCurrent decline from peak | -3.33% | -5.86% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -8.02% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 3.58% | -2.43% |
Volatility
VBMPX vs. RNWGX - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 0.96%, while American Funds New World Fund® Class R-6 (RNWGX) has a volatility of 7.07%. This indicates that VBMPX experiences smaller price fluctuations and is considered to be less risky than RNWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBMPX | RNWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 7.07% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 15.91% | -12.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 17.73% | -13.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 15.97% | -9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 16.33% | -11.35% |
VBMPX vs. RNWGX - Expense Ratio Comparison
VBMPX has a 0.02% expense ratio, which is lower than RNWGX's 0.57% expense ratio.
Dividends
VBMPX vs. RNWGX - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.73%, less than RNWGX's 5.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNWGX American Funds New World Fund® Class R-6 | 5.44% | 6.09% | 4.11% | 2.88% | 1.33% | 7.32% | 0.44% | 4.05% | 2.71% | 2.26% | 1.37% | 1.04% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.73% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Frequently Asked Questions
VBMPX and RNWGX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNWGX has higher volatility (7.07%) compared to VBMPX (0.96%). In terms of maximum drawdown, VBMPX dropped -18.90% vs RNWGX's -33.40%.
RNWGX currently has the higher Sharpe Ratio (1.39 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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