BAIAX vs. VBISX
BAIAX (Brown Advisory Intermediate Income Fund) and VBISX (Vanguard Short-Term Bond Index Fund) are both Short-Term Bond funds. Over the past 10 years, BAIAX returned 1.21%/yr vs 1.70%/yr for VBISX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BAIAX charges 0.77%/yr vs 0.15%/yr for VBISX.
Performance
BAIAX vs. VBISX - Performance Comparison
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Returns By Period
Over the past 10 years, BAIAX has underperformed VBISX with an annualized return of 1.21%, while VBISX has yielded a comparatively higher 1.70% annualized return.
BAIAX
- 1D
- -0.21%
- 1M
- -0.74%
- 6M
- -0.52%
- YTD
- -0.45%
- 1Y
- 1.91%
- 3Y*
- 3.70%
- 5Y*
- 0.04%
- 10Y*
- 1.21%
- ALL TIME*
- 0.83%
VBISX
- 1D
- -0.10%
- 1M
- -0.39%
- 6M
- -0.04%
- YTD
- 0.00%
- 1Y
- 1.92%
- 3Y*
- 4.13%
- 5Y*
- 1.33%
- 10Y*
- 1.70%
- ALL TIME*
- 3.36%
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 |
BAIAX vs. VBISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAIAX Brown Advisory Intermediate Income Fund | -0.45% | 6.73% | 1.78% | 4.04% | -9.66% | -1.57% | 5.28% | 6.54% | 0.17% | 2.19% |
VBISX Vanguard Short-Term Bond Index Fund | 0.00% | 5.67% | 3.66% | 4.54% | -5.61% | -1.35% | 4.63% | 4.78% | 1.27% | 1.10% |
Correlation
The correlation between BAIAX and VBISX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 1994 | 0.74 |
The correlation between BAIAX and VBISX shifts across timeframes, from 0.74 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BAIAX vs. VBISX — Risk / Return Rank
BAIAX
VBISX
BAIAX vs. VBISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Intermediate Income Fund (BAIAX) and Vanguard Short-Term Bond Index Fund (VBISX). 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.
| BAIAX | VBISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.64 | -0.46 |
| Martin ratioReturn relative to average drawdown | 2.88 | 4.48 | -1.60 |
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Drawdowns
BAIAX vs. VBISX - Drawdown Comparison
The maximum BAIAX drawdown since its inception was -13.87%, which is greater than VBISX's maximum drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for BAIAX and VBISX.
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Drawdown Indicators
| BAIAX | VBISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -8.79% | -5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -1.54% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -1.55% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -13.71% | -8.55% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -13.87% | -8.79% | -5.08% |
Current DrawdownCurrent decline from peak | -1.90% | -0.92% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -0.87% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.56% | +0.37% |
Volatility
BAIAX vs. VBISX - Volatility Comparison
Brown Advisory Intermediate Income Fund (BAIAX) has a higher volatility of 0.74% compared to Vanguard Short-Term Bond Index Fund (VBISX) at 0.46%. This indicates that BAIAX's price experiences larger fluctuations and is considered to be riskier than VBISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAIAX | VBISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.46% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 1.69% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 2.23% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 2.96% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 2.39% | +1.36% |
BAIAX vs. VBISX - Expense Ratio Comparison
BAIAX has a 0.77% expense ratio, which is higher than VBISX's 0.15% expense ratio.
Dividends
BAIAX vs. VBISX - Dividend Comparison
BAIAX's dividend yield for the trailing twelve months is around 3.66%, more than VBISX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAIAX Brown Advisory Intermediate Income Fund | 3.66% | 3.63% | 3.38% | 2.75% | 1.73% | 1.79% | 1.48% | 2.34% | 2.32% | 1.88% | 1.74% | 2.30% |
VBISX Vanguard Short-Term Bond Index Fund | 3.61% | 3.44% | 3.29% | 2.10% | 1.38% | 1.16% | 1.72% | 2.16% | 1.92% | 1.58% | 1.42% | 1.34% |
Frequently Asked Questions
BAIAX and VBISX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAIAX has higher volatility (0.74%) compared to VBISX (0.46%). In terms of maximum drawdown, BAIAX dropped -13.87% vs VBISX's -8.79%.
VBISX currently has the higher Sharpe Ratio (1.14 vs 0.90), 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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