VSMPX vs. VBMPX
VSMPX (Vanguard Total Stock Market Index Fund Institutional Plus Shares) and VBMPX (Vanguard Total Bond Market Index Fund Institutional Plus Shares) are both mutual funds - VSMPX is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while VBMPX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, VSMPX returned 14.49%/yr vs 1.30%/yr for VBMPX. Their -0.02 correlation means they have often moved in opposite directions in the past. Both charge a 0.02% expense ratio.
Performance
VSMPX vs. VBMPX - Performance Comparison
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Returns By Period
In the year-to-date period, VSMPX achieves a 9.88% return, which is significantly higher than VBMPX's -0.69% return. Over the past 10 years, VSMPX has outperformed VBMPX with an annualized return of 14.49%, while VBMPX has yielded a comparatively lower 1.30% annualized return.
VSMPX
- 1D
- 1.63%
- 1M
- -0.78%
- 6M
- 8.16%
- YTD
- 9.88%
- 1Y
- 21.12%
- 3Y*
- 18.60%
- 5Y*
- 11.63%
- 10Y*
- 14.49%
- ALL TIME*
- 14.62%
VBMPX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.93%
- YTD
- -0.69%
- 1Y
- 1.68%
- 3Y*
- 3.70%
- 5Y*
- -0.43%
- 10Y*
- 1.30%
- ALL TIME*
- 2.23%
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 |
VSMPX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares | 9.88% | 17.15% | 23.26% | 26.53% | -19.50% | 25.74% | 21.01% | 30.79% | -5.16% | 21.19% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.69% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Correlation
The correlation between VSMPX and VBMPX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.02 |
The correlation between VSMPX and VBMPX shifts across timeframes, from -0.02 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VSMPX vs. VBMPX — Risk / Return Rank
VSMPX
VBMPX
VSMPX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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.
| VSMPX | VBMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.00 | +1.10 |
| Martin ratioReturn relative to average drawdown | 9.09 | 2.50 | +6.59 |
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Drawdowns
VSMPX vs. VBMPX - Drawdown Comparison
The maximum VSMPX drawdown since its inception was -34.97%, which is greater than VBMPX's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for VSMPX and VBMPX.
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Drawdown Indicators
| VSMPX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.97% | -18.90% | -16.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -2.89% | -6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.36% | -4.86% | -14.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -18.12% | -7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -34.97% | -18.90% | -16.07% |
Current DrawdownCurrent decline from peak | -1.89% | -3.33% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -3.52% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.15% | +0.91% |
Volatility
VSMPX vs. VBMPX - Volatility Comparison
Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX) has a higher volatility of 3.41% compared to Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) at 0.96%. This indicates that VSMPX's price experiences larger fluctuations and is considered to be riskier than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSMPX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 0.96% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 2.97% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 3.83% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 6.02% | +11.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 4.98% | +13.43% |
VSMPX vs. VBMPX - Expense Ratio Comparison
Both VSMPX and VBMPX have an expense ratio of 0.02%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VSMPX vs. VBMPX - Dividend Comparison
VSMPX's dividend yield for the trailing twelve months is around 1.07%, less than VBMPX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.73% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
VSMPX Vanguard Total Stock Market Index Fund Institutional Plus Shares | 1.07% | 1.13% | 1.27% | 1.43% | 1.67% | 1.22% | 1.43% | 1.78% | 2.05% | 1.73% | 1.95% | 0.00% |
Frequently Asked Questions
VSMPX and VBMPX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSMPX has higher volatility (3.41%) compared to VBMPX (0.96%). In terms of maximum drawdown, VSMPX dropped -34.97% vs VBMPX's -18.90%.
VSMPX currently has the higher Sharpe Ratio (1.43 vs 0.76), 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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