VBTIX vs. MWTIX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Metropolitan West Total Return Bond Fund Class I (MWTIX).
VBTIX is managed by Vanguard. It was launched on Sep 18, 1995. MWTIX is managed by Metropolitan West Funds.
Performance
VBTIX vs. MWTIX - Performance Comparison
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VBTIX vs. MWTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | -0.49% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | -0.24% | 3.56% |
MWTIX Metropolitan West Total Return Bond Fund Class I | -0.48% | 7.51% | 0.77% | 6.02% | -15.49% | -1.32% | 9.00% | 9.10% | 0.36% | 3.43% |
Returns By Period
The year-to-date returns for both investments are quite close, with VBTIX having a -0.49% return and MWTIX slightly higher at -0.48%. Both investments have delivered pretty close results over the past 10 years, with VBTIX having a 1.59% annualized return and MWTIX not far ahead at 1.64%.
VBTIX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.49%
- 6M
- 0.50%
- 1Y
- 3.78%
- 3Y*
- 3.45%
- 5Y*
- 0.25%
- 10Y*
- 1.59%
MWTIX
- 1D
- 0.55%
- 1M
- -2.47%
- YTD
- -0.48%
- 6M
- 0.53%
- 1Y
- 3.79%
- 3Y*
- 3.48%
- 5Y*
- -0.32%
- 10Y*
- 1.64%
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VBTIX vs. MWTIX - Expense Ratio Comparison
VBTIX has a 0.04% expense ratio, which is lower than MWTIX's 0.45% expense ratio.
Return for Risk
VBTIX vs. MWTIX — Risk / Return Rank
VBTIX
MWTIX
VBTIX vs. MWTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Metropolitan West Total Return Bond Fund Class I (MWTIX). 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.
| VBTIX | MWTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.86 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.24 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.57 | +0.22 |
Martin ratioReturn relative to average drawdown | 5.10 | 4.16 | +0.94 |
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
| VBTIX | MWTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.86 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.05 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.31 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.92 | +0.02 |
Correlation
The correlation between VBTIX and MWTIX 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
VBTIX vs. MWTIX - Dividend Comparison
VBTIX's dividend yield for the trailing twelve months is around 3.63%, which matches MWTIX's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.63% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
MWTIX Metropolitan West Total Return Bond Fund Class I | 3.64% | 3.89% | 4.38% | 4.11% | 2.08% | 1.12% | 6.48% | 3.61% | 2.91% | 2.14% | 3.35% | 2.94% |
Drawdowns
VBTIX vs. MWTIX - Drawdown Comparison
The maximum VBTIX drawdown since its inception was -18.90%, smaller than the maximum MWTIX drawdown of -20.58%. Use the drawdown chart below to compare losses from any high point for VBTIX and MWTIX.
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Drawdown Indicators
| VBTIX | MWTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -20.58% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.05% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -20.51% | +2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -20.58% | +1.68% |
Current DrawdownCurrent decline from peak | -3.14% | -4.67% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -2.76% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.15% | -0.19% |
Volatility
VBTIX vs. MWTIX - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) is 1.55%, while Metropolitan West Total Return Bond Fund Class I (MWTIX) has a volatility of 1.80%. This indicates that VBTIX experiences smaller price fluctuations and is considered to be less risky than MWTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBTIX | MWTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.80% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.91% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 4.89% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 6.61% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 5.30% | -0.33% |