VMSIX vs. BND
Compare and contrast key facts about Vanguard Multi-Sector Income Bond Inv (VMSIX) and Vanguard Total Bond Market ETF (BND).
VMSIX is an actively managed fund by Vanguard. It was launched on Oct 14, 2021. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VMSIX vs. BND - Performance Comparison
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VMSIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VMSIX Vanguard Multi-Sector Income Bond Inv | -1.00% | 9.09% | 6.68% | 10.43% | -8.50% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -11.24% |
Returns By Period
In the year-to-date period, VMSIX achieves a -1.00% return, which is significantly lower than BND's 0.05% return.
VMSIX
- 1D
- 0.22%
- 1M
- -1.88%
- YTD
- -1.00%
- 6M
- 0.67%
- 1Y
- 5.96%
- 3Y*
- 7.10%
- 5Y*
- —
- 10Y*
- —
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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VMSIX vs. BND - Expense Ratio Comparison
VMSIX has a 0.45% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
VMSIX vs. BND — Risk / Return Rank
VMSIX
BND
VMSIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Inv (VMSIX) 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.
| VMSIX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 0.99 | +1.09 |
Sortino ratioReturn per unit of downside risk | 2.93 | 1.41 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.18 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.81 | +0.46 |
Martin ratioReturn relative to average drawdown | 10.30 | 4.98 | +5.33 |
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
| VMSIX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.99 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.59 | +0.20 |
Correlation
The correlation between VMSIX and BND is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VMSIX vs. BND - Dividend Comparison
VMSIX's dividend yield for the trailing twelve months is around 5.07%, more than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMSIX Vanguard Multi-Sector Income Bond Inv | 5.07% | 5.56% | 6.37% | 5.43% | 3.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VMSIX vs. BND - Drawdown Comparison
The maximum VMSIX drawdown since its inception was -13.11%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VMSIX and BND.
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Drawdown Indicators
| VMSIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -18.58% | +5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -2.44% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.99% | -2.58% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -3.07% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.89% | -0.31% |
Volatility
VMSIX vs. BND - Volatility Comparison
The current volatility for Vanguard Multi-Sector Income Bond Inv (VMSIX) is 1.23%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that VMSIX 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.
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Volatility by Period
| VMSIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.63% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 2.52% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 4.30% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 6.00% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 5.52% | -0.77% |