Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) Sharpe Ratio: 1.63

VBIPX's Sharpe Ratio of 1.63 indicates that for each unit of volatility, it generates 1.63 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

VBIPX Sharpe Ratio Rank

Below Average

VBIPX ranks above 31.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

VBIPX Sharpe Ratio Market Positioning

The chart shows VBIPX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 1.41 or lower
Yellow zone (middle 50%): 1.41 to 2.51
Green zone (top 25%): 2.51 or higher
Top 1%: 4.64+
Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Vanguard Short-Term Bond Index Fund Institutional Plus's Sharpe Ratio with other mutual funds in the Total Bond Market category across multiple time periods, showing how VBIPX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

Symbol	Name	1Y Sharpe Ratio
VUSFX	Vanguard Ultra-Short-Term Bond Fund Admiral Shares	7.77
VUBFX	Vanguard Ultra-Short-Term Bond Fund Investor Shares	5.71
JSOSX	JPMorgan Strategic Income Opportunities Fund Class I	5.15
FCNVX	Fidelity Conservative Income Bond Institutional Class	3.49
FJTDX	Fidelity Flex Conservative Income Bond Fund	3.45
FIWDX	Fidelity Advisor Strategic Income Fund Class Z	2.88
FADMX	Fidelity Strategic Income Fund	2.85
FSRIX	Fidelity Advisor Strategic Income Fund Class I	2.77
FSIAX	Fidelity Advisor Strategic Income Fund Class M	2.75
FSTAX	Fidelity Advisor Strategic Income Fund Class A	2.73
VBIPX	Vanguard Short-Term Bond Index Fund Institutional Plus	1.63

Benchmark Against

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S&P 500 Index

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Historical Sharpe Ratio

The chart shows VBIPX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when VBIPX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does VBIPX fit in your portfolio?

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