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VBTLX vs. VWESX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.9

Performance

VBTLX vs. VWESX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX). The values are adjusted to include any dividend payments, if applicable.

-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%AugustSeptemberOctoberNovemberDecember2025
0.92%
-1.14%
VBTLX
VWESX

Key characteristics

Sharpe Ratio

VBTLX:

0.47

VWESX:

-0.04

Sortino Ratio

VBTLX:

0.70

VWESX:

0.01

Omega Ratio

VBTLX:

1.08

VWESX:

1.00

Calmar Ratio

VBTLX:

0.19

VWESX:

-0.01

Martin Ratio

VBTLX:

1.17

VWESX:

-0.10

Ulcer Index

VBTLX:

2.16%

VWESX:

4.43%

Daily Std Dev

VBTLX:

5.44%

VWESX:

10.32%

Max Drawdown

VBTLX:

-19.05%

VWESX:

-39.13%

Current Drawdown

VBTLX:

-9.45%

VWESX:

-28.47%

Returns By Period

In the year-to-date period, VBTLX achieves a -0.11% return, which is significantly higher than VWESX's -0.40% return. Over the past 10 years, VBTLX has outperformed VWESX with an annualized return of 1.12%, while VWESX has yielded a comparatively lower 0.10% annualized return.


VBTLX

YTD

-0.11%

1M

-0.09%

6M

0.82%

1Y

2.75%

5Y*

-0.50%

10Y*

1.12%

VWESX

YTD

-0.40%

1M

-1.69%

6M

-1.27%

1Y

-0.07%

5Y*

-3.78%

10Y*

0.10%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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%.


VWESX
Vanguard Long-Term Investment-Grade Fund Investor Shares
Expense ratio chart for VWESX: current value at 0.22% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.22%
Expense ratio chart for VBTLX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

VBTLX vs. VWESX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBTLX
The Risk-Adjusted Performance Rank of VBTLX is 1717
Overall Rank
The Sharpe Ratio Rank of VBTLX is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of VBTLX is 1919
Sortino Ratio Rank
The Omega Ratio Rank of VBTLX is 1616
Omega Ratio Rank
The Calmar Ratio Rank of VBTLX is 1414
Calmar Ratio Rank
The Martin Ratio Rank of VBTLX is 1515
Martin Ratio Rank

VWESX
The Risk-Adjusted Performance Rank of VWESX is 55
Overall Rank
The Sharpe Ratio Rank of VWESX is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of VWESX is 44
Sortino Ratio Rank
The Omega Ratio Rank of VWESX is 44
Omega Ratio Rank
The Calmar Ratio Rank of VWESX is 55
Calmar Ratio Rank
The Martin Ratio Rank of VWESX is 55
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for VBTLX, currently valued at 0.47, compared to the broader market-1.000.001.002.003.004.000.47-0.04
The chart of Sortino ratio for VBTLX, currently valued at 0.70, compared to the broader market0.005.0010.000.700.01
The chart of Omega ratio for VBTLX, currently valued at 1.08, compared to the broader market1.002.003.004.001.081.00
The chart of Calmar ratio for VBTLX, currently valued at 0.19, compared to the broader market0.005.0010.0015.0020.000.19-0.01
The chart of Martin ratio for VBTLX, currently valued at 1.17, compared to the broader market0.0020.0040.0060.0080.00100.001.17-0.10
VBTLX
VWESX

The current VBTLX Sharpe Ratio is 0.47, which is higher than the VWESX Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of VBTLX and VWESX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00AugustSeptemberOctoberNovemberDecember2025
0.47
-0.04
VBTLX
VWESX

Dividends

VBTLX vs. VWESX - Dividend Comparison

VBTLX's dividend yield for the trailing twelve months is around 3.70%, less than VWESX's 5.07% yield.


TTM20242023202220212020201920182017201620152014
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
3.70%3.69%3.11%2.51%1.90%2.23%2.74%2.78%2.51%2.49%2.48%2.55%
VWESX
Vanguard Long-Term Investment-Grade Fund Investor Shares
5.07%5.05%4.55%4.44%3.12%3.17%3.68%4.32%3.99%4.35%4.53%4.36%

Drawdowns

VBTLX vs. VWESX - Drawdown Comparison

The maximum VBTLX drawdown since its inception was -19.05%, smaller than the maximum VWESX drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for VBTLX and VWESX. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%AugustSeptemberOctoberNovemberDecember2025
-9.45%
-28.47%
VBTLX
VWESX

Volatility

VBTLX vs. VWESX - Volatility Comparison

The current volatility for Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) is 1.57%, while Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) has a volatility of 2.90%. 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.


1.00%2.00%3.00%4.00%AugustSeptemberOctoberNovemberDecember2025
1.57%
2.90%
VBTLX
VWESX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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