VGMS vs. VMSIX

Last updated Jun 4, 2026

VGMS (Vanguard Multi-Sector Income Bond ETF) and VMSIX (Vanguard Multi-Sector Income Bond Inv) are both Multisector Bonds funds from Vanguard. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. VGMS charges 0.30%/yr vs 0.45%/yr for VMSIX.

Performance

VGMS vs. VMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Multi-Sector Income Bond ETF (VGMS) and Vanguard Multi-Sector Income Bond Inv (VMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGMS achieves a 1.06% return, which is significantly lower than VMSIX's 1.14% return.

VGMS

• 1D: -0.36%
• 1M: 0.29%
• YTD: 1.06%
• 6M: 1.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VMSIX

• 1D: 0.11%
• 1M: 0.57%
• YTD: 1.14%
• 6M: 1.64%
• 1Y: 6.96%
• 3Y*: 7.81%
• 5Y*: —
• 10Y*: —

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

VGMS vs. VMSIX - Yearly Performance Comparison

	2026 (YTD)	2025
VGMS Vanguard Multi-Sector Income Bond ETF	1.06%	5.44%
VMSIX Vanguard Multi-Sector Income Bond Inv	1.14%	5.29%

Correlation

The correlation between VGMS and VMSIX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.82

Return for Risk

VGMS vs. VMSIX — Risk / Return Rank

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

VMSIX

VMSIX Risk / Return Rank: 83
VMSIX Sharpe Ratio Rank: 88
VMSIX Sortino Ratio Rank: 90
VMSIX Omega Ratio Rank: 90
VMSIX Calmar Ratio Rank: 70
VMSIX Martin Ratio Rank: 79

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.

VGMS vs. VMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond ETF (VGMS) and Vanguard Multi-Sector Income Bond Inv (VMSIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VGMS	VMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	0.88	+1.23

Drawdowns

VGMS vs. VMSIX - Drawdown Comparison

The maximum VGMS drawdown since its inception was -2.46%, smaller than the maximum VMSIX drawdown of -13.11%. Use the drawdown chart below to compare losses from any high point for VGMS and VMSIX.

Drawdown Indicators

	VGMS	VMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-2.46%	-13.11%	+10.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.82%	—
Current Drawdown Current decline from peak	-0.39%	0.00%	-0.39%
Average Drawdown Average peak-to-trough decline	-0.31%	-3.08%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.48%	—

Volatility

Volatility by Period

	VGMS	VMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	2.46%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.21%	4.69%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.21%	4.69%	-1.48%

VGMS vs. VMSIX - Expense Ratio Comparison

VGMS has a 0.30% expense ratio, which is lower than VMSIX's 0.45% expense ratio.

Dividends

VGMS vs. VMSIX - Dividend Comparison

VGMS's dividend yield for the trailing twelve months is around 5.16%, less than VMSIX's 5.44% yield.

Position	TTM	2025	2024	2023	2022
VGMS Vanguard Multi-Sector Income Bond ETF	5.16%	2.94%	0.00%	0.00%	0.00%
VMSIX Vanguard Multi-Sector Income Bond Inv	5.44%	5.56%	6.37%	5.43%	3.66%

Frequently Asked Questions

Can I hold both VGMS and VMSIX in my portfolio?

VGMS and VMSIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.