VMSAX vs. VFIAX
Compare and contrast key facts about Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
VMSAX is an actively managed fund by Vanguard. It was launched on Oct 12, 2021. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
VMSAX vs. VFIAX - Performance Comparison
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VMSAX vs. VFIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | -0.99% | 9.08% | 6.86% | 10.53% | -8.42% |
VFIAX Vanguard 500 Index Fund Admiral Shares | -7.06% | 17.83% | 24.97% | 26.24% | -14.28% |
Returns By Period
In the year-to-date period, VMSAX achieves a -0.99% return, which is significantly higher than VFIAX's -7.06% return.
VMSAX
- 1D
- 0.22%
- 1M
- -1.98%
- YTD
- -0.99%
- 6M
- 0.66%
- 1Y
- 6.00%
- 3Y*
- 7.21%
- 5Y*
- —
- 10Y*
- —
VFIAX
- 1D
- -0.39%
- 1M
- -7.69%
- YTD
- -7.06%
- 6M
- -4.61%
- 1Y
- 14.41%
- 3Y*
- 17.14%
- 5Y*
- 11.37%
- 10Y*
- 13.71%
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VMSAX vs. VFIAX - Expense Ratio Comparison
VMSAX has a 0.30% expense ratio, which is higher than VFIAX's 0.04% expense ratio.
Return for Risk
VMSAX vs. VFIAX — Risk / Return Rank
VMSAX
VFIAX
VMSAX vs. VFIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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.
| VMSAX | VFIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 0.84 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.30 | +0.03 |
Omega ratioGain probability vs. loss probability | 2.07 | 1.20 | +0.88 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.06 | -0.94 |
Martin ratioReturn relative to average drawdown | 1.75 | 5.13 | -3.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMSAX | VFIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.84 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.43 | -0.37 |
Correlation
The correlation between VMSAX and VFIAX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VMSAX vs. VFIAX - Dividend Comparison
VMSAX's dividend yield for the trailing twelve months is around 5.17%, more than VFIAX's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | 5.17% | 5.66% | 6.48% | 5.52% | 3.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.22% | 1.12% | 1.24% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% |
Drawdowns
VMSAX vs. VFIAX - Drawdown Comparison
The maximum VMSAX drawdown since its inception was -54.84%, roughly equal to the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for VMSAX and VFIAX.
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Drawdown Indicators
| VMSAX | VFIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.84% | -55.20% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -54.84% | -12.12% | -42.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.83% | — |
Current DrawdownCurrent decline from peak | -2.03% | -8.90% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -9.46% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.49% | +1.01% |
Volatility
VMSAX vs. VFIAX - Volatility Comparison
The current volatility for Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) is 1.19%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 4.24%. This indicates that VMSAX experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMSAX | VFIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 4.24% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 112.83% | 9.08% | +103.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 133.59% | 18.13% | +115.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.65% | 16.86% | +48.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.65% | 18.03% | +47.62% |