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 10.76%/yr vs 1.50%/yr for VBTLX. At a correlation of -0.17, they often move in opposite directions. 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 3.94% return, which is significantly higher than VBTLX's 0.11% return. Over the past 10 years, VMGRX has outperformed VBTLX with an annualized return of 10.76%, while VBTLX has yielded a comparatively lower 1.50% annualized return.
VMGRX
- 1D
- -0.27%
- 1M
- 3.36%
- YTD
- 3.94%
- 6M
- 2.01%
- 1Y
- 9.47%
- 3Y*
- 13.67%
- 5Y*
- 3.23%
- 10Y*
- 10.76%
VBTLX
- 1D
- -0.31%
- 1M
- 0.66%
- YTD
- 0.11%
- 6M
- 0.45%
- 1Y
- 4.14%
- 3Y*
- 3.94%
- 5Y*
- 0.02%
- 10Y*
- 1.50%
VMGRX vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMGRX Vanguard Mid-Cap Growth Fund | 3.94% | 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 | 0.11% | 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 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | -0.17 |
The correlation between VMGRX and VBTLX shifts across timeframes, from -0.17 (all time) to 0.30 (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 | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.51 | -0.96 |
| Martin ratioReturn relative to average drawdown | 1.72 | 4.28 | -2.56 |
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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% | -6.00% | -20.85% |
Max Drawdown (5Y)Largest decline over 5 years | -39.71% | -18.14% | -21.57% |
Max Drawdown (10Y)Largest decline over 10 years | -39.71% | -18.81% | -20.90% |
Current DrawdownCurrent decline from peak | -0.27% | -2.48% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -24.45% | -2.67% | -21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 1.02% | +5.13% |
Volatility
VMGRX vs. VBTLX - Volatility Comparison
Vanguard Mid-Cap Growth Fund (VMGRX) has a higher volatility of 7.75% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 1.17%. 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 | 7.75% | 1.17% | +6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 2.88% | +13.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 3.92% | +16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.43% | 6.01% | +17.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 4.99% | +17.42% |
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 17.07%, more than VBTLX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.99% | 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 | 17.07% | 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 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMGRX has higher volatility (7.75%) compared to VBTLX (1.17%). In terms of maximum drawdown, VMGRX dropped -71.74% vs VBTLX's -18.81%.
VBTLX currently has the higher Sharpe Ratio (1.12 vs 0.53), 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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