VDVIX vs. VBTLX

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Developed Markets Index Fund Investor Shares (VDVIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).

VDVIX is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed All Cap ex US Index. It was launched on Dec 19, 2013. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.

Performance

VDVIX vs. VBTLX - Performance Comparison

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

VDVIX vs. VBTLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VDVIX Vanguard Developed Markets Index Fund Investor Shares	-0.51%	34.96%	2.95%	17.59%	-15.41%	11.31%	10.10%	21.95%	-14.59%	26.30%
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares	-0.49%	7.17%	1.26%	5.74%	-13.16%	-1.81%	7.72%	8.73%	-0.25%	3.56%

Returns By Period

The year-to-date returns for both investments are quite close, with VDVIX having a -0.51% return and VBTLX slightly higher at -0.49%. Over the past 10 years, VDVIX has outperformed VBTLX with an annualized return of 8.89%, while VBTLX has yielded a comparatively lower 1.60% annualized return.

VDVIX

• 1D: 0.06%
• 1M: -11.65%
• YTD: -0.51%
• 6M: 5.14%
• 1Y: 25.77%
• 3Y*: 14.70%
• 5Y*: 8.03%
• 10Y*: 8.89%

VBTLX

• 1D: 0.52%
• 1M: -2.23%
• YTD: -0.49%
• 6M: 0.50%
• 1Y: 3.77%
• 3Y*: 3.44%
• 5Y*: 0.23%
• 10Y*: 1.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VDVIX vs. VBTLX - Expense Ratio Comparison

VDVIX has a 0.16% expense ratio, which is higher than VBTLX's 0.05% 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%.

VDVIX

Vanguard Developed Markets Index Fund Investor Shares

VBTLX

Vanguard Total Bond Market Index Fund Admiral Shares

Return for Risk

VDVIX vs. VBTLX — Risk / Return Rank

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

VDVIX

VDVIX Risk / Return Rank: 80
VDVIX Sharpe Ratio Rank: 81
VDVIX Sortino Ratio Rank: 79
VDVIX Omega Ratio Rank: 76
VDVIX Calmar Ratio Rank: 82
VDVIX Martin Ratio Rank: 81

VBTLX

VBTLX Risk / Return Rank: 56
VBTLX Sharpe Ratio Rank: 55
VBTLX Sortino Ratio Rank: 55
VBTLX Omega Ratio Rank: 40
VBTLX Calmar Ratio Rank: 77
VBTLX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VDVIX vs. VBTLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Investor Shares (VDVIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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.

	VDVIX	VBTLX	Difference
Sharpe ratio Return per unit of total volatility	1.50	1.00	+0.50
Sortino ratio Return per unit of downside risk	2.00	1.44	+0.56
Omega ratio Gain probability vs. loss probability	1.30	1.18	+0.12
Calmar ratio Return relative to maximum drawdown	1.99	1.78	+0.21
Martin ratio Return relative to average drawdown	7.93	5.08	+2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDVIX vs. VBTLX - Sharpe Ratio Comparison

The current VDVIX Sharpe Ratio is 1.50, which is higher than the VBTLX Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of VDVIX and VBTLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VDVIX	VBTLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.00	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.04	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.32	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.76	-0.35

Correlation

The correlation between VDVIX and VBTLX is -0.03. 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.

Dividends

VDVIX vs. VBTLX - Dividend Comparison

VDVIX's dividend yield for the trailing twelve months is around 2.90%, less than VBTLX's 3.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDVIX Vanguard Developed Markets Index Fund Investor Shares	2.90%	3.11%	3.24%	3.05%	2.78%	3.04%	1.94%	2.94%	3.22%	2.68%	2.95%	2.79%
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares	3.61%	3.87%	3.69%	3.10%	2.59%	1.96%	2.39%	2.74%	2.57%	2.56%	2.53%	2.82%

Drawdowns

VDVIX vs. VBTLX - Drawdown Comparison

The maximum VDVIX drawdown since its inception was -35.78%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for VDVIX and VBTLX.

Drawdown Indicators

	VDVIX	VBTLX	Difference
Max Drawdown Largest peak-to-trough decline	-35.78%	-18.81%	-16.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-2.73%	-8.98%
Max Drawdown (5Y) Largest decline over 5 years	-29.85%	-18.14%	-11.71%
Max Drawdown (10Y) Largest decline over 10 years	-35.78%	-18.81%	-16.97%
Current Drawdown Current decline from peak	-11.65%	-3.06%	-8.59%
Average Drawdown Average peak-to-trough decline	-7.24%	-2.67%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	0.96%	+1.98%

Volatility

VDVIX vs. VBTLX - Volatility Comparison

Vanguard Developed Markets Index Fund Investor Shares (VDVIX) has a higher volatility of 7.07% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 1.55%. This indicates that VDVIX's price experiences larger fluctuations and is considered to be riskier than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDVIX	VBTLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	1.55%	+5.52%
Volatility (6M) Calculated over the trailing 6-month period	10.90%	2.59%	+8.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	4.37%	+12.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	5.98%	+9.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	4.97%	+11.46%