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 Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBMPX or VGLT.
Key characteristics
| VBMPX | VGLT | |
|---|---|---|
| YTD Return | 2.22% | -2.31% |
| 1Y Return | 8.99% | 10.29% |
| 3Y Return (Ann) | -2.40% | -11.16% |
| 5Y Return (Ann) | 0.00% | -4.29% |
| 10Y Return (Ann) | 1.47% | 0.32% |
| Sharpe Ratio | 1.38 | 0.58 |
| Sortino Ratio | 2.04 | 0.90 |
| Omega Ratio | 1.25 | 1.10 |
| Calmar Ratio | 0.50 | 0.18 |
| Martin Ratio | 4.90 | 1.50 |
| Ulcer Index | 1.64% | 5.32% |
| Daily Std Dev | 5.82% | 13.77% |
| Max Drawdown | -18.99% | -46.18% |
| Current Drawdown | -8.42% | -37.24% |
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.
Performance
VBMPX vs. VGLT - Performance Comparison
In the year-to-date period, VBMPX achieves a 2.22% return, which is significantly higher than VGLT's -2.31% return. Over the past 10 years, VBMPX has outperformed VGLT with an annualized return of 1.47%, while VGLT has yielded a comparatively lower 0.32% annualized return. 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. VGLT - Expense Ratio Comparison
VBMPX has a 0.03% expense ratio, which is lower than VGLT's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VBMPX vs. VGLT - 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 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.
Dividends
VBMPX vs. VGLT - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.58%, less than VGLT's 4.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.58% | 3.12% | 2.55% | 1.93% | 2.25% | 2.74% | 2.78% | 2.55% | 2.50% | 2.52% | 2.58% | 2.58% |
VGLT Vanguard Long-Term Treasury ETF | 4.02% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
VBMPX vs. VGLT - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.99%, 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. For additional features, visit the drawdowns tool.
Volatility
VBMPX vs. VGLT - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 1.66%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 4.40%. 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.