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VMFXX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VMFXX and BND is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.0

Performance

VMFXX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Federal Money Market Fund (VMFXX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
18.58%
68.98%
VMFXX
BND

Key characteristics

Sharpe Ratio

VMFXX:

3.44

BND:

1.30

Ulcer Index

VMFXX:

0.00%

BND:

2.05%

Daily Std Dev

VMFXX:

1.34%

BND:

5.31%

Max Drawdown

VMFXX:

0.00%

BND:

-18.84%

Current Drawdown

VMFXX:

0.00%

BND:

-7.18%

Returns By Period

In the year-to-date period, VMFXX achieves a 0.69% return, which is significantly lower than BND's 2.40% return. Over the past 10 years, VMFXX has outperformed BND with an annualized return of 1.72%, while BND has yielded a comparatively lower 1.37% annualized return.


VMFXX

YTD

0.69%

1M

0.00%

6M

1.87%

1Y

4.60%

5Y*

2.52%

10Y*

1.72%

BND

YTD

2.40%

1M

0.12%

6M

1.40%

1Y

6.96%

5Y*

-0.91%

10Y*

1.37%

*Annualized

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VMFXX vs. BND - Expense Ratio Comparison

VMFXX has a 0.00% expense ratio, which is lower than BND's 0.03% 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%.


Expense ratio chart for BND: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BND: 0.03%
Expense ratio chart for VMFXX: current value is 0.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VMFXX: 0.00%

Risk-Adjusted Performance

VMFXX vs. BND — Risk-Adjusted Performance Rank

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

VMFXX

BND
The Risk-Adjusted Performance Rank of BND is 8080
Overall Rank
The Sharpe Ratio Rank of BND is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BND is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BND is 6565
Calmar Ratio Rank
The Martin Ratio Rank of BND is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VMFXX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Federal Money Market Fund (VMFXX) and Vanguard Total Bond Market ETF (BND). 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.


The chart of Sharpe ratio for VMFXX, currently valued at 3.44, compared to the broader market-1.000.001.002.003.00
VMFXX: 3.44
BND: 1.30

The current VMFXX Sharpe Ratio is 3.44, which is higher than the BND Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of VMFXX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
3.44
1.30
VMFXX
BND

Dividends

VMFXX vs. BND - Dividend Comparison

VMFXX's dividend yield for the trailing twelve months is around 4.49%, more than BND's 3.70% yield.


TTM20242023202220212020201920182017201620152014
VMFXX
Vanguard Federal Money Market Fund
4.49%5.11%4.97%1.54%0.01%0.45%2.12%1.61%0.50%0.00%0.00%0.00%
BND
Vanguard Total Bond Market ETF
3.70%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

VMFXX vs. BND - Drawdown Comparison

The maximum VMFXX drawdown since its inception was 0.00%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VMFXX and BND. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril0
-7.18%
VMFXX
BND

Volatility

VMFXX vs. BND - Volatility Comparison

The current volatility for Vanguard Federal Money Market Fund (VMFXX) is 0.00%, while Vanguard Total Bond Market ETF (BND) has a volatility of 2.18%. This indicates that VMFXX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%NovemberDecember2025FebruaryMarchApril0
2.18%
VMFXX
BND