VGMS vs. VMSIX
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. Over the past year, VGMS returned 6.52% vs 6.14% for VMSIX. Their correlation of 0.83 suggests significant overlap in exposure. VGMS charges 0.30%/yr vs 0.45%/yr for VMSIX.
Performance
VGMS vs. VMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, VGMS achieves a 1.48% return, which is significantly higher than VMSIX's 1.14% return.
VGMS
- 1D
- 0.17%
- 1M
- 0.73%
- YTD
- 1.48%
- 6M
- 1.55%
- 1Y
- 6.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VMSIX
- 1D
- -0.11%
- 1M
- 0.57%
- YTD
- 1.14%
- 6M
- 1.47%
- 1Y
- 6.14%
- 3Y*
- 7.77%
- 5Y*
- —
- 10Y*
- —
VGMS vs. VMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGMS Vanguard Multi-Sector Income Bond ETF | 1.48% | 5.51% |
VMSIX Vanguard Multi-Sector Income Bond Inv | 1.14% | 5.52% |
Correlation
The correlation between VGMS and VMSIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 0.83 |
The correlation between VGMS and VMSIX has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.
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Return for Risk
VGMS vs. VMSIX — Risk / Return Rank
VGMS
VMSIX
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.
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.
| VGMS | VMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.54 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.91 | -0.25 |
| Martin ratioReturn relative to average drawdown | 12.04 | 13.30 | -1.26 |
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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.
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Drawdown Indicators
| VGMS | VMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.46% | -13.11% | +10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.20% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.82% | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.22% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -3.04% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.48% | +0.06% |
Volatility
VGMS vs. VMSIX - Volatility Comparison
Vanguard Multi-Sector Income Bond ETF (VGMS) has a higher volatility of 1.06% compared to Vanguard Multi-Sector Income Bond Inv (VMSIX) at 0.74%. This indicates that VGMS's price experiences larger fluctuations and is considered to be riskier than VMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGMS | VMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.74% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 2.05% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 2.51% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 4.67% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 4.67% | -1.43% |
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 5.14%, less than VMSIX's 5.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
VGMS Vanguard Multi-Sector Income Bond ETF | 5.14% | 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
VGMS and VMSIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGMS has higher volatility (1.06%) compared to VMSIX (0.74%). In terms of maximum drawdown, VGMS dropped -2.46% vs VMSIX's -13.11%.
VMSIX currently has the higher Sharpe Ratio (2.56 vs 2.01), 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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