BIV vs. VBIMX
Compare and contrast key facts about Vanguard Intermediate-Term Bond Index ETF (BIV) and Vanguard Intermediate-Term Bond Index Fund Institutional Shares (VBIMX).
BIV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. It was launched on Apr 3, 2007. VBIMX is managed by Vanguard. It was launched on Jan 26, 2006.
Performance
BIV vs. VBIMX - Performance Comparison
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BIV vs. VBIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | -0.23% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
VBIMX Vanguard Intermediate-Term Bond Index Fund Institutional Shares | -0.65% | 8.59% | 1.55% | 5.78% | -13.25% | -2.50% | 9.83% | 10.22% | -0.13% | 3.89% |
Returns By Period
In the year-to-date period, BIV achieves a -0.23% return, which is significantly higher than VBIMX's -0.65% return. Both investments have delivered pretty close results over the past 10 years, with BIV having a 2.04% annualized return and VBIMX not far behind at 1.98%.
BIV
- 1D
- 0.00%
- 1M
- -1.57%
- YTD
- -0.23%
- 6M
- 0.54%
- 1Y
- 4.69%
- 3Y*
- 3.99%
- 5Y*
- 0.54%
- 10Y*
- 2.04%
VBIMX
- 1D
- 0.29%
- 1M
- -1.88%
- YTD
- -0.65%
- 6M
- 0.20%
- 1Y
- 4.35%
- 3Y*
- 3.81%
- 5Y*
- 0.43%
- 10Y*
- 1.98%
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BIV vs. VBIMX - Expense Ratio Comparison
BIV has a 0.03% expense ratio, which is lower than VBIMX's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BIV vs. VBIMX — Risk / Return Rank
BIV
VBIMX
BIV vs. VBIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index ETF (BIV) and Vanguard Intermediate-Term Bond Index Fund Institutional Shares (VBIMX). 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.
| BIV | VBIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.00 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.45 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.61 | +0.14 |
Martin ratioReturn relative to average drawdown | 5.57 | 5.31 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIV | VBIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.00 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.07 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.37 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.67 | -0.02 |
Correlation
The correlation between BIV and VBIMX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIV vs. VBIMX - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 4.14%, more than VBIMX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.14% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
VBIMX Vanguard Intermediate-Term Bond Index Fund Institutional Shares | 3.80% | 4.03% | 3.82% | 2.82% | 2.41% | 3.23% | 2.95% | 2.75% | 2.89% | 2.76% | 3.08% | 3.12% |
Drawdowns
BIV vs. VBIMX - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.95%, roughly equal to the maximum VBIMX drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for BIV and VBIMX.
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Drawdown Indicators
| BIV | VBIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.95% | -19.07% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.18% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -18.84% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.95% | -19.07% | +0.12% |
Current DrawdownCurrent decline from peak | -2.03% | -2.43% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -3.33% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.96% | -0.06% |
Volatility
BIV vs. VBIMX - Volatility Comparison
Vanguard Intermediate-Term Bond Index ETF (BIV) has a higher volatility of 1.77% compared to Vanguard Intermediate-Term Bond Index Fund Institutional Shares (VBIMX) at 1.62%. This indicates that BIV's price experiences larger fluctuations and is considered to be riskier than VBIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIV | VBIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.62% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.75% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 4.61% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.36% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 5.37% | +0.13% |