VMGRX vs. VBTLX
VMGRX (Vanguard Mid-Cap Growth Fund) and VBTLX (Vanguard Total Bond Market Index Fund Admiral Shares) are both mutual funds - VMGRX is a Mid Cap Growth 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, VMGRX returned 9.56%/yr vs 1.30%/yr for VBTLX. Their -0.16 correlation means they have often moved in opposite directions in the past. VMGRX charges 0.33%/yr vs 0.04%/yr for VBTLX.
Performance
VMGRX vs. VBTLX - Performance Comparison
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Returns By Period
In the year-to-date period, VMGRX achieves a -2.94% return, which is significantly lower than VBTLX's -0.91% return. Over the past 10 years, VMGRX has outperformed VBTLX with an annualized return of 9.56%, while VBTLX has yielded a comparatively lower 1.30% annualized return.
VMGRX
- 1D
- -0.54%
- 1M
- -6.80%
- 6M
- 0.00%
- YTD
- -2.94%
- 1Y
- -0.29%
- 3Y*
- 8.59%
- 5Y*
- 1.18%
- 10Y*
- 9.56%
- ALL TIME*
- 8.37%
VBTLX
- 1D
- -0.21%
- 1M
- -1.45%
- 6M
- -0.94%
- YTD
- -0.91%
- 1Y
- 1.45%
- 3Y*
- 3.80%
- 5Y*
- -0.49%
- 10Y*
- 1.30%
- ALL TIME*
- 3.33%
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 |
VMGRX vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMGRX Vanguard Mid-Cap Growth Fund | -2.94% | 8.80% | 17.73% | 24.15% | -30.13% | 9.21% | 33.40% | 32.06% | -3.52% | 21.60% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | -0.91% | 7.17% | 1.26% | 5.74% | -13.16% | -1.81% | 7.72% | 8.73% | -0.25% | 3.56% |
Correlation
The correlation between VMGRX and VBTLX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | -0.16 |
The correlation between VMGRX and VBTLX shifts across timeframes, from -0.16 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VMGRX vs. VBTLX — Risk / Return Rank
VMGRX
VBTLX
VMGRX vs. VBTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth Fund (VMGRX) 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.
| VMGRX | VBTLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.80 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.27 | 1.97 | -2.24 |
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Drawdowns
VMGRX vs. VBTLX - Drawdown Comparison
The maximum VMGRX drawdown since its inception was -71.74%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for VMGRX and VBTLX.
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Drawdown Indicators
| VMGRX | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.74% | -18.81% | -52.93% |
Max Drawdown (1Y)Largest decline over 1 year | -19.09% | -2.89% | -16.20% |
Max Drawdown (3Y)Largest decline over 3 years | -26.85% | -4.86% | -21.99% |
Max Drawdown (5Y)Largest decline over 5 years | -39.71% | -17.98% | -21.73% |
Max Drawdown (10Y)Largest decline over 10 years | -39.71% | -18.81% | -20.90% |
Current DrawdownCurrent decline from peak | -8.71% | -3.48% | -5.23% |
Average DrawdownAverage peak-to-trough decline | -24.38% | -2.67% | -21.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 1.17% | +5.22% |
Volatility
VMGRX vs. VBTLX - Volatility Comparison
Vanguard Mid-Cap Growth Fund (VMGRX) has a higher volatility of 7.34% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 0.96%. This indicates that VMGRX'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
| VMGRX | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 0.96% | +6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 2.98% | +14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.23% | 3.82% | +17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 6.01% | +17.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.42% | 4.98% | +17.44% |
VMGRX vs. VBTLX - Expense Ratio Comparison
VMGRX has a 0.33% expense ratio, which is higher than VBTLX's 0.04% expense ratio.
Dividends
VMGRX vs. VBTLX - Dividend Comparison
VMGRX's dividend yield for the trailing twelve months is around 18.28%, more 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% |
VMGRX Vanguard Mid-Cap Growth Fund | 18.28% | 17.74% | 1.80% | 0.39% | 0.26% | 34.53% | 6.30% | 10.43% | 14.53% | 3.13% | 0.67% | 8.20% |
Frequently Asked Questions
VMGRX and VBTLX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMGRX has higher volatility (7.34%) compared to VBTLX (0.96%). In terms of maximum drawdown, VMGRX dropped -71.74% vs VBTLX's -18.81%.
VBTLX currently has the higher Sharpe Ratio (0.61 vs -0.08), 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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