VBMPX vs. VGLT
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and Vanguard Long-Term Treasury ETF (VGLT).
VBMPX is managed by Vanguard. It was launched on Feb 5, 2010. VGLT is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
VBMPX vs. VGLT - Performance Comparison
Loading graphics...
VBMPX vs. VGLT - 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% |
VGLT Vanguard Long-Term Treasury ETF | -0.09% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Returns By Period
In the year-to-date period, VBMPX achieves a -0.49% return, which is significantly lower than VGLT's -0.09% return. Over the past 10 years, VBMPX has outperformed VGLT with an annualized return of 1.60%, while VGLT has yielded a comparatively lower -0.86% 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%
VGLT
- 1D
- -0.03%
- 1M
- -3.99%
- YTD
- -0.09%
- 6M
- -0.50%
- 1Y
- 0.42%
- 3Y*
- -1.57%
- 5Y*
- -4.88%
- 10Y*
- -0.86%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VBMPX vs. VGLT - Expense Ratio Comparison
Both VBMPX and VGLT 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. VGLT — Risk / Return Rank
VBMPX
VGLT
VBMPX vs. VGLT - 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 Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.04 | +0.96 |
Sortino ratioReturn per unit of downside risk | 1.45 | 0.12 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.14 | +1.65 |
Martin ratioReturn relative to average drawdown | 5.11 | 0.31 | +4.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VBMPX | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.04 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.34 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | -0.06 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.19 | +0.32 |
Correlation
The correlation between VBMPX and VGLT is 0.89, 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. VGLT - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.63%, less than VGLT's 4.49% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.49% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
VBMPX vs. VGLT - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.90%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for VBMPX and VGLT.
Loading graphics...
Drawdown Indicators
| VBMPX | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -46.18% | +27.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -8.48% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -40.98% | +22.86% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -46.18% | +27.28% |
Current DrawdownCurrent decline from peak | -3.13% | -36.63% | +33.50% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -14.83% | +11.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 3.85% | -2.89% |
Volatility
VBMPX vs. VGLT - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 1.55%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.45%. This indicates that VBMPX experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VBMPX | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.45% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 6.00% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 10.35% | -5.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 14.60% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 13.84% | -8.87% |