VBTIX vs. VFIJX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Vanguard GNMA Fund Admiral Shares (VFIJX).
VBTIX is managed by Vanguard. It was launched on Sep 18, 1995. VFIJX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
VBTIX vs. VFIJX - Performance Comparison
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VBTIX vs. VFIJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | -0.28% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | -0.24% | 3.56% |
VFIJX Vanguard GNMA Fund Admiral Shares | 0.30% | 7.84% | 1.17% | 5.28% | -10.72% | -1.15% | 3.84% | 5.94% | 0.99% | 1.98% |
Returns By Period
In the year-to-date period, VBTIX achieves a -0.28% return, which is significantly lower than VFIJX's 0.30% return. Over the past 10 years, VBTIX has outperformed VFIJX with an annualized return of 1.61%, while VFIJX has yielded a comparatively lower 1.42% annualized return.
VBTIX
- 1D
- 0.21%
- 1M
- -1.63%
- YTD
- -0.28%
- 6M
- 0.40%
- 1Y
- 3.67%
- 3Y*
- 3.52%
- 5Y*
- 0.20%
- 10Y*
- 1.61%
VFIJX
- 1D
- 0.21%
- 1M
- -1.36%
- YTD
- 0.30%
- 6M
- 1.57%
- 1Y
- 4.74%
- 3Y*
- 3.91%
- 5Y*
- 0.45%
- 10Y*
- 1.42%
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VBTIX vs. VFIJX - Expense Ratio Comparison
VBTIX has a 0.04% expense ratio, which is lower than VFIJX's 0.11% 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%.
Return for Risk
VBTIX vs. VFIJX — Risk / Return Rank
VBTIX
VFIJX
VBTIX vs. VFIJX - 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 Vanguard GNMA Fund Admiral Shares (VFIJX). 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 | VFIJX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.17 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.69 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.15 | -0.48 |
Martin ratioReturn relative to average drawdown | 4.72 | 5.81 | -1.09 |
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 | VFIJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.17 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.07 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.30 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.82 | +0.13 |
Correlation
The correlation between VBTIX and VFIJX is 0.86, 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. VFIJX - Dividend Comparison
VBTIX's dividend yield for the trailing twelve months is around 3.62%, more than VFIJX's 3.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.62% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
VFIJX Vanguard GNMA Fund Admiral Shares | 3.44% | 3.72% | 3.67% | 3.34% | 2.45% | 0.73% | 1.98% | 2.86% | 3.00% | 2.73% | 3.11% | 2.94% |
Drawdowns
VBTIX vs. VFIJX - Drawdown Comparison
The maximum VBTIX drawdown since its inception was -18.90%, which is greater than VFIJX's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for VBTIX and VFIJX.
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Drawdown Indicators
| VBTIX | VFIJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -16.06% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.57% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -15.75% | -2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -16.06% | -2.84% |
Current DrawdownCurrent decline from peak | -2.94% | -1.87% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -1.74% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.95% | +0.02% |
Volatility
VBTIX vs. VFIJX - Volatility Comparison
Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Vanguard GNMA Fund Admiral Shares (VFIJX) have volatilities of 1.55% and 1.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBTIX | VFIJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.54% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.57% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 4.39% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 6.16% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 4.67% | +0.30% |