VMBSX vs. VWALX
Compare and contrast key facts about Vanguard Mortgage-Backed Securities Index Fund Admiral Shares (VMBSX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX).
VMBSX is managed by Vanguard. It was launched on Dec 3, 2009. VWALX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMBSX or VWALX.
Correlation
The correlation between VMBSX and VWALX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VMBSX vs. VWALX - Performance Comparison
Key characteristics
VMBSX:
0.90
VWALX:
1.02
VMBSX:
1.32
VWALX:
1.39
VMBSX:
1.16
VWALX:
1.21
VMBSX:
0.41
VWALX:
0.70
VMBSX:
2.37
VWALX:
3.34
VMBSX:
2.13%
VWALX:
1.23%
VMBSX:
5.59%
VWALX:
4.02%
VMBSX:
-17.47%
VWALX:
-17.74%
VMBSX:
-6.09%
VWALX:
-1.56%
Returns By Period
In the year-to-date period, VMBSX achieves a 1.29% return, which is significantly higher than VWALX's 0.42% return. Over the past 10 years, VMBSX has underperformed VWALX with an annualized return of 0.84%, while VWALX has yielded a comparatively higher 3.05% annualized return.
VMBSX
1.29%
1.01%
-0.51%
5.51%
-0.71%
0.84%
VWALX
0.42%
0.80%
0.71%
3.90%
1.08%
3.05%
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VMBSX vs. VWALX - Expense Ratio Comparison
VMBSX has a 0.07% expense ratio, which is lower than VWALX's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VMBSX vs. VWALX — Risk-Adjusted Performance Rank
VMBSX
VWALX
VMBSX vs. VWALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mortgage-Backed Securities Index Fund Admiral Shares (VMBSX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX). 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.
Dividends
VMBSX vs. VWALX - Dividend Comparison
VMBSX's dividend yield for the trailing twelve months is around 3.93%, more than VWALX's 3.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMBSX Vanguard Mortgage-Backed Securities Index Fund Admiral Shares | 3.93% | 3.93% | 3.29% | 2.32% | 0.99% | 1.80% | 2.75% | 2.73% | 2.16% | 1.80% | 1.56% | 1.59% |
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 3.83% | 3.82% | 3.59% | 3.44% | 2.93% | 3.16% | 3.44% | 3.84% | 3.77% | 3.88% | 3.75% | 3.83% |
Drawdowns
VMBSX vs. VWALX - Drawdown Comparison
The maximum VMBSX drawdown since its inception was -17.47%, roughly equal to the maximum VWALX drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for VMBSX and VWALX. For additional features, visit the drawdowns tool.
Volatility
VMBSX vs. VWALX - Volatility Comparison
Vanguard Mortgage-Backed Securities Index Fund Admiral Shares (VMBSX) has a higher volatility of 1.30% compared to Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) at 1.20%. This indicates that VMBSX's price experiences larger fluctuations and is considered to be riskier than VWALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.