VBMPX vs. VIIIX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX).
VBMPX is managed by Vanguard. It was launched on Feb 5, 2010. VIIIX is managed by Vanguard. It was launched on Jul 7, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBMPX or VIIIX.
Key characteristics
| VBMPX | VIIIX | |
|---|---|---|
| YTD Return | 2.01% | 26.91% |
| 1Y Return | 8.53% | 35.86% |
| 3Y Return (Ann) | -2.18% | 8.17% |
| 5Y Return (Ann) | -0.10% | 13.88% |
| 10Y Return (Ann) | 1.43% | 12.31% |
| Sharpe Ratio | 1.52 | 3.06 |
| Sortino Ratio | 2.27 | 4.07 |
| Omega Ratio | 1.28 | 1.57 |
| Calmar Ratio | 0.56 | 4.09 |
| Martin Ratio | 5.30 | 20.00 |
| Ulcer Index | 1.65% | 1.90% |
| Daily Std Dev | 5.76% | 12.36% |
| Max Drawdown | -18.99% | -55.18% |
| Current Drawdown | -8.61% | 0.00% |
Correlation
The correlation between VBMPX and VIIIX is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VBMPX vs. VIIIX - Performance Comparison
In the year-to-date period, VBMPX achieves a 2.01% return, which is significantly lower than VIIIX's 26.91% return. Over the past 10 years, VBMPX has underperformed VIIIX with an annualized return of 1.43%, while VIIIX has yielded a comparatively higher 12.31% 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. VIIIX - Expense Ratio Comparison
VBMPX has a 0.03% expense ratio, which is higher than VIIIX's 0.02% expense ratio. However, 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. VIIIX - 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 Institutional Index Fund Institutional Plus Shares (VIIIX). 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. VIIIX - Dividend Comparison
VBMPX's dividend yield for the trailing twelve months is around 3.59%, more than VIIIX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.59% | 3.12% | 2.55% | 1.93% | 2.25% | 2.74% | 2.78% | 2.55% | 2.50% | 2.52% | 2.58% | 2.58% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 1.25% | 1.49% | 1.75% | 1.30% | 1.60% | 1.93% | 2.14% | 1.84% | 2.09% | 2.47% | 1.90% | 1.87% |
Drawdowns
VBMPX vs. VIIIX - Drawdown Comparison
The maximum VBMPX drawdown since its inception was -18.99%, smaller than the maximum VIIIX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for VBMPX and VIIIX. For additional features, visit the drawdowns tool.
Volatility
VBMPX vs. VIIIX - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) is 1.67%, while Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) has a volatility of 3.89%. This indicates that VBMPX experiences smaller price fluctuations and is considered to be less risky than VIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.