(VMBS) Mortgage-Backed Securities - Overview
Etf: Mortgage-Backed Securities, Agency Pass-Throughs, GNMA, FNMA, FHLMC
Dividends
| Dividend Yield | 4.61% |
| Yield on Cost 5y | 4.27% |
| Yield CAGR 5y | 38.30% |
| Payout Consistency | 85.9% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 2.75% |
| Relative Tail Risk | 0.55% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.74 |
| Alpha | 3.60 |
| Character TTM | |
|---|---|
| Beta | 0.009 |
| Beta Downside | -0.024 |
| Drawdowns 3y | |
|---|---|
| Max DD | 8.54% |
| CAGR/Max DD | 0.55 |
Description: VMBS Mortgage-Backed Securities January 03, 2026
The Vanguard Mortgage-Backed Securities Index Fund ETF (VMBS) uses a passive indexing strategy to mirror the Bloomberg U.S. MBS Float-Adjusted Index, which tracks agency pass-through securities issued by GNMA, FNMA, and FHLMC. To qualify for the index, each pool must have at least $1 billion outstanding and a weighted-average maturity of one year or more. VMBS constructs its portfolio via a sampling methodology, ensuring that a minimum of 80 % of assets are allocated to securities that meet the index criteria.
Key metrics (as of the latest reporting period) include an expense ratio of 0.05 %, a weighted-average duration of roughly 5.5 years, and a current distribution yield near 2.2 %. The fund’s performance is highly sensitive to Federal Reserve policy and the broader housing market, as changes in short-term rates directly affect pre-payment speeds and the net interest margin of agency MBS. Additionally, the fund’s credit risk is minimal because all holdings are backed by U.S. government-guaranteed agencies, but it remains exposed to interest-rate risk and potential shifts in GSE mortgage-backing regulations.
For a deeper quantitative breakdown of VMBS’s risk-adjusted returns and scenario analysis, you might explore ValueRay’s analytics platform.
What is the price of VMBS shares?
Over the past week, the price has changed by +0.40%, over one month by +0.69%, over three months by +1.47% and over the past year by +8.18%.
Is VMBS a buy, sell or hold?
What are the forecasts/targets for the VMBS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 50.8 | 7.5% |
VMBS Fundamental Data Overview February 05, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 14.77b USD (14.77b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 14.77b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 14.77b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 5.95% (E(14.77b)/V(14.77b) * Re(5.95%) + (debt-free company))
Discount Rate = 5.95% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)