VTV vs. VBTIX
VTV (Vanguard Value ETF) and VBTIX (Vanguard Total Bond Market Index Fund Institutional Shares) are both funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while VBTIX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, VTV returned 12.78%/yr vs 1.54%/yr for VBTIX. At a correlation of -0.18, they often move in opposite directions. VTV charges 0.04%/yr vs 0.04%/yr for VBTIX.
Performance
VTV vs. VBTIX - Performance Comparison
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Returns By Period
In the year-to-date period, VTV achieves a 14.29% return, which is significantly higher than VBTIX's 0.43% return. Over the past 10 years, VTV has outperformed VBTIX with an annualized return of 12.78%, while VBTIX has yielded a comparatively lower 1.54% annualized return.
VTV
- 1D
- 0.93%
- 1M
- 4.18%
- YTD
- 14.29%
- 6M
- 13.99%
- 1Y
- 26.89%
- 3Y*
- 18.16%
- 5Y*
- 11.76%
- 10Y*
- 12.78%
VBTIX
- 1D
- 0.52%
- 1M
- 0.55%
- YTD
- 0.43%
- 6M
- 0.97%
- 1Y
- 4.48%
- 3Y*
- 4.06%
- 5Y*
- 0.06%
- 10Y*
- 1.54%
VTV vs. VBTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 14.29% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 0.43% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | -0.24% | 3.56% |
Correlation
The correlation between VTV and VBTIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | -0.18 |
The correlation between VTV and VBTIX shifts across timeframes, from -0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VTV vs. VBTIX — Risk / Return Rank
VTV
VBTIX
VTV vs. VBTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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.
| VTV | VBTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.22 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 1.71 | +2.54 |
| Martin ratioReturn relative to average drawdown | 16.04 | 4.95 | +11.09 |
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Drawdowns
VTV vs. VBTIX - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, which is greater than VBTIX's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for VTV and VBTIX.
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Drawdown Indicators
| VTV | VBTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -18.90% | -40.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -2.89% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -5.99% | -8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -18.13% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -18.90% | -17.88% |
Current DrawdownCurrent decline from peak | 0.00% | -2.25% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -2.32% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.00% | +0.68% |
Volatility
VTV vs. VBTIX - Volatility Comparison
Vanguard Value ETF (VTV) has a higher volatility of 3.34% compared to Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) at 1.33%. This indicates that VTV's price experiences larger fluctuations and is considered to be riskier than VBTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTV | VBTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.33% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 2.85% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.38% | 3.93% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 6.02% | +7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 4.99% | +11.69% |
VTV vs. VBTIX - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is higher than VBTIX'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%.
Dividends
VTV vs. VBTIX - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.83%, less than VBTIX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.99% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
VTV Vanguard Value ETF | 1.83% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
VTV and VBTIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTV has higher volatility (3.34%) compared to VBTIX (1.33%). In terms of maximum drawdown, VTV dropped -59.27% vs VBTIX's -18.90%.
VTV currently has the higher Sharpe Ratio (2.61 vs 1.26), 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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