VFIJX vs. PRGMX
VFIJX (Vanguard GNMA Fund Admiral Shares) and PRGMX (T. Rowe Price GNMA Fund) are both Government Bonds funds. Over the past 10 years, VFIJX returned 1.26%/yr vs 1.12%/yr for PRGMX. Their correlation of 0.89 means they have usually moved in the same direction. VFIJX charges 0.11%/yr vs 0.58%/yr for PRGMX.
Performance
VFIJX vs. PRGMX - Performance Comparison
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Returns By Period
In the year-to-date period, VFIJX achieves a -0.04% return, which is significantly higher than PRGMX's -0.36% return. Over the past 10 years, VFIJX has outperformed PRGMX with an annualized return of 1.26%, while PRGMX has yielded a comparatively lower 1.12% annualized return.
VFIJX
- 1D
- 0.11%
- 1M
- -1.06%
- 6M
- -0.35%
- YTD
- -0.04%
- 1Y
- 3.07%
- 3Y*
- 4.38%
- 5Y*
- 0.33%
- 10Y*
- 1.26%
- ALL TIME*
- 3.24%
PRGMX
- 1D
- 0.12%
- 1M
- -1.47%
- 6M
- -0.79%
- YTD
- -0.36%
- 1Y
- 3.56%
- 3Y*
- 4.68%
- 5Y*
- 0.40%
- 10Y*
- 1.12%
- ALL TIME*
- 3.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VFIJX vs. PRGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFIJX Vanguard GNMA Fund Admiral Shares | -0.04% | 7.84% | 1.17% | 5.28% | -10.72% | -1.15% | 3.84% | 5.94% | 0.99% | 1.98% |
PRGMX T. Rowe Price GNMA Fund | -0.36% | 8.72% | 1.86% | 5.62% | -11.45% | -2.18% | 4.21% | 5.18% | 0.58% | 1.23% |
Correlation
The correlation between VFIJX and PRGMX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001 | 0.89 |
The correlation between VFIJX and PRGMX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
VFIJX vs. PRGMX — Risk / Return Rank
VFIJX
PRGMX
VFIJX vs. PRGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard GNMA Fund Admiral Shares (VFIJX) and T. Rowe Price GNMA Fund (PRGMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VFIJX | PRGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.24 | -0.10 |
| Martin ratioReturn relative to average drawdown | 2.99 | 3.37 | -0.38 |
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Drawdowns
VFIJX vs. PRGMX - Drawdown Comparison
The maximum VFIJX drawdown since its inception was -16.06%, smaller than the maximum PRGMX drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for VFIJX and PRGMX.
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Drawdown Indicators
| VFIJX | PRGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -18.22% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -3.00% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -6.22% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -17.21% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -16.06% | -18.22% | +2.16% |
Current DrawdownCurrent decline from peak | -2.20% | -2.51% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -2.23% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 1.10% | -0.07% |
Volatility
VFIJX vs. PRGMX - Volatility Comparison
The current volatility for Vanguard GNMA Fund Admiral Shares (VFIJX) is 1.09%, while T. Rowe Price GNMA Fund (PRGMX) has a volatility of 1.23%. This indicates that VFIJX experiences smaller price fluctuations and is considered to be less risky than PRGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFIJX | PRGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.23% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 3.39% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 4.16% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 6.43% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 4.80% | -0.08% |
VFIJX vs. PRGMX - Expense Ratio Comparison
VFIJX has a 0.11% expense ratio, which is lower than PRGMX's 0.58% expense ratio.
Dividends
VFIJX vs. PRGMX - Dividend Comparison
VFIJX's dividend yield for the trailing twelve months is around 3.51%, less than PRGMX's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRGMX T. Rowe Price GNMA Fund | 4.45% | 4.96% | 4.47% | 3.54% | 1.38% | 0.59% | 1.44% | 2.39% | 2.78% | 2.98% | 2.88% | 3.12% |
VFIJX Vanguard GNMA Fund Admiral Shares | 3.51% | 3.72% | 3.67% | 3.34% | 2.45% | 0.73% | 1.98% | 2.86% | 3.00% | 2.73% | 3.11% | 2.94% |
Frequently Asked Questions
VFIJX and PRGMX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRGMX has higher volatility (1.23%) compared to VFIJX (1.09%). In terms of maximum drawdown, VFIJX dropped -16.06% vs PRGMX's -18.22%.
PRGMX currently has the higher Sharpe Ratio (0.89 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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