VMRXX vs. BIV
Compare and contrast key facts about Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) and Vanguard Intermediate-Term Bond ETF (BIV).
VMRXX is an actively managed fund by Vanguard. It was launched on Oct 3, 1989. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMRXX or BIV.
Correlation
The correlation between VMRXX and BIV is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VMRXX vs. BIV - Performance Comparison
Key characteristics
VMRXX:
3.44
BIV:
1.45
VMRXX:
0.00%
BIV:
2.18%
VMRXX:
1.34%
BIV:
5.44%
VMRXX:
0.00%
BIV:
-18.94%
VMRXX:
0.00%
BIV:
-6.13%
Returns By Period
In the year-to-date period, VMRXX achieves a 0.69% return, which is significantly lower than BIV's 2.92% return. Over the past 10 years, VMRXX has outperformed BIV with an annualized return of 1.80%, while BIV has yielded a comparatively lower 1.69% annualized return.
VMRXX
0.69%
0.00%
1.88%
4.61%
2.57%
1.80%
BIV
2.92%
0.58%
0.54%
8.22%
-0.43%
1.69%
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VMRXX vs. BIV - Expense Ratio Comparison
VMRXX has a 0.10% expense ratio, which is higher than BIV'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%.
Risk-Adjusted Performance
VMRXX vs. BIV — Risk-Adjusted Performance Rank
VMRXX
BIV
VMRXX vs. BIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) and Vanguard Intermediate-Term Bond ETF (BIV). 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
VMRXX vs. BIV - Dividend Comparison
VMRXX's dividend yield for the trailing twelve months is around 4.50%, more than BIV's 3.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 4.50% | 5.12% | 4.99% | 1.55% | 0.02% | 0.57% | 2.27% | 1.82% | 0.61% | 0.00% | 0.00% | 0.00% |
BIV Vanguard Intermediate-Term Bond ETF | 3.82% | 3.79% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% |
Drawdowns
VMRXX vs. BIV - Drawdown Comparison
The maximum VMRXX drawdown since its inception was 0.00%, smaller than the maximum BIV drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for VMRXX and BIV. For additional features, visit the drawdowns tool.
Volatility
VMRXX vs. BIV - Volatility Comparison
The current volatility for Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) is 0.00%, while Vanguard Intermediate-Term Bond ETF (BIV) has a volatility of 2.16%. This indicates that VMRXX experiences smaller price fluctuations and is considered to be less risky than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.