BRAMX vs. VIITX
BRAMX (BlackRock Allocation Target Shares Series M Portfolio) and VIITX (Vanguard Institutional Intermediate-Term Bond Fund) are both Short-Term Bond funds. Over the past 10 years, BRAMX returned 1.26%/yr vs 2.13%/yr for VIITX. Their correlation of 0.87 suggests significant overlap in exposure. BRAMX charges 0.00%/yr vs 0.02%/yr for VIITX.
Performance
BRAMX vs. VIITX - Performance Comparison
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Returns By Period
In the year-to-date period, BRAMX achieves a 0.72% return, which is significantly higher than VIITX's 0.52% return. Over the past 10 years, BRAMX has underperformed VIITX with an annualized return of 1.26%, while VIITX has yielded a comparatively higher 2.13% annualized return.
BRAMX
- 1D
- 0.12%
- 1M
- -0.35%
- YTD
- 0.72%
- 6M
- 1.20%
- 1Y
- 6.76%
- 3Y*
- 4.40%
- 5Y*
- 0.22%
- 10Y*
- 1.26%
VIITX
- 1D
- 0.09%
- 1M
- -0.13%
- YTD
- 0.52%
- 6M
- 0.90%
- 1Y
- 4.92%
- 3Y*
- 4.90%
- 5Y*
- 1.46%
- 10Y*
- 2.13%
BRAMX vs. VIITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRAMX BlackRock Allocation Target Shares Series M Portfolio | 0.72% | 8.68% | 1.47% | 4.50% | -12.45% | -1.11% | 4.77% | 7.12% | 0.91% | 1.84% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 0.52% | 7.23% | 3.67% | 5.31% | -7.99% | -1.02% | 6.17% | 6.44% | 0.87% | 2.00% |
Correlation
The correlation between BRAMX and VIITX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015 | 0.87 |
The correlation between BRAMX and VIITX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
BRAMX vs. VIITX — Risk / Return Rank
BRAMX
VIITX
BRAMX vs. VIITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Allocation Target Shares Series M Portfolio (BRAMX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX). 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.
| BRAMX | VIITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.48 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.68 | 8.06 | -1.37 |
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
| BRAMX | VIITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.91 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.38 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.70 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.76 | -0.64 |
Drawdowns
BRAMX vs. VIITX - Drawdown Comparison
The maximum BRAMX drawdown since its inception was -26.88%, which is greater than VIITX's maximum drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for BRAMX and VIITX.
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Drawdown Indicators
| BRAMX | VIITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.88% | -11.86% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -1.89% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.98% | -3.32% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.23% | -11.86% | -6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -18.27% | -11.86% | -6.41% |
Current DrawdownCurrent decline from peak | -1.48% | -0.91% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -2.13% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.58% | +0.38% |
Volatility
BRAMX vs. VIITX - Volatility Comparison
BlackRock Allocation Target Shares Series M Portfolio (BRAMX) has a higher volatility of 1.60% compared to Vanguard Institutional Intermediate-Term Bond Fund (VIITX) at 0.86%. This indicates that BRAMX's price experiences larger fluctuations and is considered to be riskier than VIITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRAMX | VIITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 0.86% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 1.84% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 2.49% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 3.84% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 3.06% | +1.76% |
BRAMX vs. VIITX - Expense Ratio Comparison
BRAMX has a 0.00% expense ratio, which is lower than VIITX's 0.02% 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%.
Dividends
BRAMX vs. VIITX - Dividend Comparison
BRAMX's dividend yield for the trailing twelve months is around 4.53%, which matches VIITX's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRAMX BlackRock Allocation Target Shares Series M Portfolio | 4.53% | 4.44% | 3.78% | 2.70% | 2.09% | 1.76% | 2.92% | 3.51% | 3.19% | 2.45% | 0.00% | 0.48% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 4.57% | 4.51% | 4.71% | 3.61% | 2.14% | 2.20% | 2.87% | 2.69% | 2.62% | 2.04% | 2.95% | 0.57% |
Frequently Asked Questions
BRAMX and VIITX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRAMX has higher volatility (1.60%) compared to VIITX (0.86%). In terms of maximum drawdown, BRAMX dropped -26.88% vs VIITX's -11.86%.
VIITX currently has the higher Sharpe Ratio (1.91 vs 1.55), 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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