VBTLX vs. VWESX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX).
VBTLX is managed by Vanguard. It was launched on Nov 12, 2001. VWESX is managed by Vanguard. It was launched on Jul 9, 1973.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBTLX or VWESX.
Key characteristics
| VBTLX | VWESX | |
|---|---|---|
| YTD Return | 4.32% | 3.94% |
| 1Y Return | 9.59% | 13.20% |
| 3Y Return (Ann) | -1.65% | -5.43% |
| 5Y Return (Ann) | 0.23% | -1.27% |
| 10Y Return (Ann) | 1.80% | 2.88% |
| Sharpe Ratio | 1.57 | 1.09 |
| Daily Std Dev | 6.27% | 12.37% |
| Max Drawdown | -18.68% | -35.84% |
| Current Drawdown | -6.23% | -19.09% |
Correlation
The correlation between VBTLX and VWESX is 0.91, 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
VBTLX vs. VWESX - Performance Comparison
In the year-to-date period, VBTLX achieves a 4.32% return, which is significantly higher than VWESX's 3.94% return. Over the past 10 years, VBTLX has underperformed VWESX with an annualized return of 1.80%, while VWESX has yielded a comparatively higher 2.88% 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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VBTLX vs. VWESX - Expense Ratio Comparison
VBTLX has a 0.05% expense ratio, which is lower than VWESX's 0.22% 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
VBTLX vs. VWESX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX). 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
VBTLX vs. VWESX - Dividend Comparison
VBTLX's dividend yield for the trailing twelve months is around 3.39%, less than VWESX's 4.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.39% | 3.08% | 2.59% | 2.11% | 2.39% | 2.73% | 2.80% | 2.56% | 2.54% | 2.37% | 2.59% | 2.59% |
VWESX Vanguard Long-Term Investment-Grade Fund Investor Shares | 4.61% | 4.55% | 4.43% | 5.28% | 6.89% | 5.01% | 4.30% | 5.49% | 6.16% | 5.92% | 5.41% | 5.55% |
Drawdowns
VBTLX vs. VWESX - Drawdown Comparison
The maximum VBTLX drawdown since its inception was -18.68%, smaller than the maximum VWESX drawdown of -35.84%. Use the drawdown chart below to compare losses from any high point for VBTLX and VWESX. For additional features, visit the drawdowns tool.
Volatility
VBTLX vs. VWESX - Volatility Comparison
The current volatility for Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) is 1.18%, while Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) has a volatility of 2.12%. This indicates that VBTLX experiences smaller price fluctuations and is considered to be less risky than VWESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.