VSTSX vs. JBSSX

Last updated Jun 24, 2026

VSTSX (Vanguard Total Stock Market Index Fund Institutional Select Shares) and JBSSX (JPMorgan SmartRetirement Blend 2025 Fund) are both mutual funds - VSTSX is a Large Cap Blend Equities fund managed by Vanguard, while JBSSX is a Target Retirement Date fund managed by JPMorgan. Over the past 5 years, VSTSX returned 12.39%/yr vs 5.12%/yr for JBSSX. Their correlation of 0.92 suggests significant overlap in exposure. VSTSX charges 0.01%/yr vs 0.30%/yr for JBSSX.

Performance

VSTSX vs. JBSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX) and JPMorgan SmartRetirement Blend 2025 Fund (JBSSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSTSX achieves a 10.35% return, which is significantly higher than JBSSX's 5.75% return.

VSTSX

• 1D: -0.34%
• 1M: 0.56%
• YTD: 10.35%
• 6M: 9.21%
• 1Y: 25.97%
• 3Y*: 21.21%
• 5Y*: 12.39%
• 10Y*: —

JBSSX

• 1D: -0.19%
• 1M: 0.98%
• YTD: 5.75%
• 6M: 5.45%
• 1Y: 14.40%
• 3Y*: 11.44%
• 5Y*: 5.12%
• 10Y*: 7.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VSTSX vs. JBSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSTSX Vanguard Total Stock Market Index Fund Institutional Select Shares	10.35%	17.16%	23.27%	26.54%	-19.49%	25.75%	21.02%	30.81%	-5.15%	20.21%
JBSSX JPMorgan SmartRetirement Blend 2025 Fund	5.75%	13.25%	5.46%	16.55%	-15.45%	8.82%	11.06%	18.45%	-6.00%	15.29%

Correlation

The correlation between VSTSX and JBSSX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.92

The correlation between VSTSX and JBSSX has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

VSTSX vs. JBSSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VSTSX

VSTSX Risk / Return Rank: 65
VSTSX Sharpe Ratio Rank: 62
VSTSX Sortino Ratio Rank: 56
VSTSX Omega Ratio Rank: 57
VSTSX Calmar Ratio Rank: 70
VSTSX Martin Ratio Rank: 79

JBSSX

JBSSX Risk / Return Rank: 71
JBSSX Sharpe Ratio Rank: 71
JBSSX Sortino Ratio Rank: 74
JBSSX Omega Ratio Rank: 73
JBSSX Calmar Ratio Rank: 63
JBSSX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSTSX vs. JBSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX) and JPMorgan SmartRetirement Blend 2025 Fund (JBSSX). 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.

	VSTSX	JBSSX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.26	-0.13
Sortino ratio: Return per unit of downside risk	2.89	3.27	-0.38
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	3.06	2.93	+0.13
Martin ratio: Return relative to average drawdown	13.70	12.79	+0.91

VSTSX vs. JBSSX - Sharpe Ratio Comparison

The current VSTSX Sharpe Ratio is 2.13, which is comparable to the JBSSX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of VSTSX and JBSSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VSTSX vs. JBSSX - Drawdown Comparison

The maximum VSTSX drawdown since its inception was -34.97%, which is greater than JBSSX's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for VSTSX and JBSSX.

Drawdown Indicators

	VSTSX	JBSSX	Difference
Max Drawdown Largest peak-to-trough decline	-34.97%	-21.91%	-13.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-5.14%	-3.78%
Max Drawdown (3Y) Largest decline over 3 years	-19.36%	-7.48%	-11.88%
Max Drawdown (5Y) Largest decline over 5 years	-25.35%	-20.71%	-4.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.91%	—
Current Drawdown Current decline from peak	-1.47%	-0.30%	-1.17%
Average Drawdown Average peak-to-trough decline	-4.88%	-3.37%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.17%	+0.82%

Volatility

VSTSX vs. JBSSX - Volatility Comparison

Vanguard Total Stock Market Index Fund Institutional Select Shares (VSTSX) has a higher volatility of 4.77% compared to JPMorgan SmartRetirement Blend 2025 Fund (JBSSX) at 2.44%. This indicates that VSTSX's price experiences larger fluctuations and is considered to be riskier than JBSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSTSX	JBSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	2.44%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	5.53%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	6.66%	+6.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	8.77%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	9.23%	+9.53%

VSTSX vs. JBSSX - Expense Ratio Comparison

VSTSX has a 0.01% expense ratio, which is lower than JBSSX's 0.30% expense ratio.

Dividends

VSTSX vs. JBSSX - Dividend Comparison

VSTSX's dividend yield for the trailing twelve months is around 1.04%, less than JBSSX's 3.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBSSX JPMorgan SmartRetirement Blend 2025 Fund	3.34%	3.53%	3.27%	2.75%	2.05%	5.11%	3.42%	3.15%	5.49%	2.04%	2.15%	2.13%
VSTSX Vanguard Total Stock Market Index Fund Institutional Select Shares	1.04%	1.13%	1.27%	1.43%	1.67%	1.23%	1.44%	1.79%	2.07%	1.74%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSTSX and JBSSX in my portfolio?

With a correlation of 0.92, VSTSX and JBSSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VSTSX or JBSSX?

VSTSX has higher volatility (4.77%) compared to JBSSX (2.44%). In terms of maximum drawdown, VSTSX dropped -34.97% vs JBSSX's -21.91%.

Which has better risk-adjusted returns?

JBSSX currently has the higher Sharpe Ratio (2.26 vs 2.13), 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.