VMBS vs. USD=X
VMBS (Vanguard Mortgage-Backed Securities ETF) is Mortgage Backed Securities fund tracking the Barclays Capital U.S. MBS Index, while USD=X (USD Cash) is a currency. Over the past 10 years, VMBS returned 1.36%/yr vs 0.00%/yr for USD=X.
Performance
VMBS vs. USD=X - Performance Comparison
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Returns By Period
VMBS
- 1D
- -0.19%
- 1M
- 0.33%
- YTD
- 0.87%
- 6M
- 1.43%
- 1Y
- 6.09%
- 3Y*
- 4.69%
- 5Y*
- 0.53%
- 10Y*
- 1.36%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
VMBS vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMBS Vanguard Mortgage-Backed Securities ETF | 0.87% | 8.36% | 1.70% | 5.34% | -11.90% | -1.28% | 3.76% | 6.19% | 0.91% | 2.47% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
VMBS vs. USD=X — Risk / Return Rank
VMBS
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VMBS vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mortgage-Backed Securities ETF (VMBS) and USD Cash (USD=X). 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.
| VMBS | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | — | — |
| Martin ratioReturn relative to average drawdown | 7.36 | — | — |
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Drawdowns
VMBS vs. USD=X - Drawdown Comparison
The maximum VMBS drawdown since its inception was -17.47%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VMBS and USD=X.
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Drawdown Indicators
| VMBS | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.47% | 0.00% | -17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | 0.00% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -7.65% | 0.00% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | 0.00% | -17.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.47% | 0.00% | -17.47% |
Current DrawdownCurrent decline from peak | -1.12% | 0.00% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -2.49% | 0.00% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.00% | +0.83% |
Volatility
VMBS vs. USD=X - Volatility Comparison
Vanguard Mortgage-Backed Securities ETF (VMBS) has a higher volatility of 1.57% compared to USD Cash (USD=X) at 0.00%. This indicates that VMBS's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMBS | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.00% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 0.00% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 0.00% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.77% | 0.00% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 0.00% | +5.40% |
Frequently Asked Questions
VMBS has higher volatility (1.57%) compared to USD=X (0.00%). In terms of maximum drawdown, VMBS dropped -17.47% vs USD=X's 0.00%.
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