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

Correlation

The correlation between VGCAX and VBTLX 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

VGCAX vs. VBTLX - Performance Comparison

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

8.00%10.00%12.00%14.00%16.00%18.00%SeptemberOctoberNovemberDecember2025February
17.91%
11.83%
VGCAX
VBTLX

Key characteristics

Sharpe Ratio

VGCAX:

1.95

VBTLX:

1.18

Sortino Ratio

VGCAX:

2.91

VBTLX:

1.74

Omega Ratio

VGCAX:

1.34

VBTLX:

1.21

Calmar Ratio

VGCAX:

0.72

VBTLX:

0.45

Martin Ratio

VGCAX:

7.95

VBTLX:

2.92

Ulcer Index

VGCAX:

1.00%

VBTLX:

2.11%

Daily Std Dev

VGCAX:

4.08%

VBTLX:

5.24%

Max Drawdown

VGCAX:

-20.74%

VBTLX:

-19.05%

Current Drawdown

VGCAX:

-3.36%

VBTLX:

-7.14%

Returns By Period

The year-to-date returns for both investments are quite close, with VGCAX having a 2.33% return and VBTLX slightly higher at 2.44%.


VGCAX

YTD

2.33%

1M

1.63%

6M

2.54%

1Y

7.42%

5Y*

0.72%

10Y*

N/A

VBTLX

YTD

2.44%

1M

2.01%

6M

0.65%

1Y

5.10%

5Y*

-0.63%

10Y*

1.46%

*Annualized

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VGCAX vs. VBTLX - Expense Ratio Comparison

VGCAX has a 0.25% 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%.


Expense ratio chart for VGCAX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
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

VGCAX vs. VBTLX — Risk-Adjusted Performance Rank

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

VGCAX
The Risk-Adjusted Performance Rank of VGCAX is 8181
Overall Rank
The Sharpe Ratio Rank of VGCAX is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of VGCAX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of VGCAX is 8686
Omega Ratio Rank
The Calmar Ratio Rank of VGCAX is 5959
Calmar Ratio Rank
The Martin Ratio Rank of VGCAX is 8585
Martin Ratio Rank

VBTLX
The Risk-Adjusted Performance Rank of VBTLX is 5959
Overall Rank
The Sharpe Ratio Rank of VBTLX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of VBTLX is 7171
Sortino Ratio Rank
The Omega Ratio Rank of VBTLX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of VBTLX is 4141
Calmar Ratio Rank
The Martin Ratio Rank of VBTLX is 5050
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.

VGCAX vs. VBTLX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) 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.


The chart of Sharpe ratio for VGCAX, currently valued at 1.95, compared to the broader market-1.000.001.002.003.004.001.951.18
The chart of Sortino ratio for VGCAX, currently valued at 2.91, compared to the broader market0.002.004.006.008.0010.002.911.74
The chart of Omega ratio for VGCAX, currently valued at 1.34, compared to the broader market1.002.003.001.341.21
The chart of Calmar ratio for VGCAX, currently valued at 0.72, compared to the broader market0.005.0010.0015.000.720.45
The chart of Martin ratio for VGCAX, currently valued at 7.95, compared to the broader market0.0020.0040.0060.0080.007.952.92
VGCAX
VBTLX

The current VGCAX Sharpe Ratio is 1.95, which is higher than the VBTLX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of VGCAX 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.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00SeptemberOctoberNovemberDecember2025February
1.95
1.18
VGCAX
VBTLX

Dividends

VGCAX vs. VBTLX - Dividend Comparison

VGCAX's dividend yield for the trailing twelve months is around 4.54%, more than VBTLX's 3.37% yield.


TTM20242023202220212020201920182017201620152014
VGCAX
Vanguard Global Credit Bond Fund Admiral Shares
4.54%4.65%4.49%2.72%1.62%2.35%3.66%0.36%0.00%0.00%0.00%0.00%
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
3.37%3.69%3.11%2.51%1.90%2.23%2.74%2.78%2.51%2.49%2.48%2.55%

Drawdowns

VGCAX vs. VBTLX - Drawdown Comparison

The maximum VGCAX drawdown since its inception was -20.74%, which is greater than VBTLX's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for VGCAX and VBTLX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%SeptemberOctoberNovemberDecember2025February
-3.36%
-7.14%
VGCAX
VBTLX

Volatility

VGCAX vs. VBTLX - Volatility Comparison

The current volatility for Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) is 1.13%, while Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a volatility of 1.45%. This indicates that VGCAX experiences smaller price fluctuations and is considered to be less risky than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.80%1.00%1.20%1.40%1.60%1.80%SeptemberOctoberNovemberDecember2025February
1.13%
1.45%
VGCAX
VBTLX