VMFVX vs. VBTLX
VMFVX (Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares) and VBTLX (Vanguard Total Bond Market Index Fund Admiral Shares) are both mutual funds - VMFVX is a Mid Cap Value Equities fund managed by Vanguard, while VBTLX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, VMFVX returned 10.61%/yr vs 1.30%/yr for VBTLX. Their -0.16 correlation means they have often moved in opposite directions in the past. VMFVX charges 0.08%/yr vs 0.04%/yr for VBTLX.
Performance
VMFVX vs. VBTLX - Performance Comparison
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Returns By Period
In the year-to-date period, VMFVX achieves a 13.52% return, which is significantly higher than VBTLX's -0.70% return. Over the past 10 years, VMFVX has outperformed VBTLX with an annualized return of 10.61%, while VBTLX has yielded a comparatively lower 1.30% annualized return.
VMFVX
- 1D
- 0.11%
- 1M
- 1.00%
- 6M
- 9.03%
- YTD
- 13.52%
- 1Y
- 23.10%
- 3Y*
- 12.01%
- 5Y*
- 9.25%
- 10Y*
- 10.61%
- ALL TIME*
- 10.87%
VBTLX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.93%
- YTD
- -0.70%
- 1Y
- 1.67%
- 3Y*
- 3.69%
- 5Y*
- -0.45%
- 10Y*
- 1.30%
- ALL TIME*
- 3.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VMFVX vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 13.52% | 7.57% | 10.59% | 16.49% | -7.03% | 30.54% | 3.68% | 26.18% | -11.90% | 12.27% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | -0.70% | 7.17% | 1.26% | 5.74% | -13.16% | -1.81% | 7.72% | 8.73% | -0.25% | 3.56% |
Correlation
The correlation between VMFVX and VBTLX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | -0.16 |
The correlation between VMFVX and VBTLX shifts across timeframes, from -0.16 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VMFVX vs. VBTLX — Risk / Return Rank
VMFVX
VBTLX
VMFVX vs. VBTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) 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.
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.
| VMFVX | VBTLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.13 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.99 | +0.93 |
| Martin ratioReturn relative to average drawdown | 6.84 | 2.48 | +4.36 |
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Drawdowns
VMFVX vs. VBTLX - Drawdown Comparison
The maximum VMFVX drawdown since its inception was -45.79%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for VMFVX and VBTLX.
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Drawdown Indicators
| VMFVX | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -18.81% | -26.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -2.89% | -7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -4.86% | -17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.46% | -18.14% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | -45.79% | -18.81% | -26.98% |
Current DrawdownCurrent decline from peak | -1.01% | -3.27% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -2.67% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 1.15% | +1.81% |
Volatility
VMFVX vs. VBTLX - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) has a higher volatility of 3.41% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 0.96%. This indicates that VMFVX's price experiences larger fluctuations and is considered to be riskier than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMFVX | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 0.96% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 2.97% | +7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 3.82% | +11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 6.01% | +13.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 4.98% | +16.83% |
VMFVX vs. VBTLX - Expense Ratio Comparison
VMFVX has a 0.08% expense ratio, which is higher than VBTLX's 0.04% 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%.
Dividends
VMFVX vs. VBTLX - Dividend Comparison
VMFVX's dividend yield for the trailing twelve months is around 1.66%, less than VBTLX's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.72% | 3.87% | 3.69% | 3.10% | 2.59% | 1.96% | 2.39% | 2.74% | 2.57% | 2.56% | 2.53% | 2.82% |
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 1.66% | 1.88% | 1.81% | 1.58% | 2.04% | 1.81% | 2.48% | 1.94% | 2.01% | 1.56% | 1.42% | 1.73% |
Frequently Asked Questions
VMFVX and VBTLX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMFVX has higher volatility (3.41%) compared to VBTLX (0.96%). In terms of maximum drawdown, VMFVX dropped -45.79% vs VBTLX's -18.81%.
VMFVX currently has the higher Sharpe Ratio (1.35 vs 0.75), 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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