BSBIX vs. VIITX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX).
BSBIX is a passively managed fund by Baird that tracks the performance of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. It was launched on Aug 31, 2004. VIITX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
BSBIX vs. VIITX - Performance Comparison
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BSBIX vs. VIITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 0.27% | 5.67% | 4.99% | 5.65% | -3.64% | -0.42% | 4.23% | 4.68% | 1.49% | 1.53% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 0.13% | 7.23% | 3.67% | 5.31% | -7.99% | -1.02% | 6.17% | 6.44% | 0.87% | 2.00% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly higher than VIITX's 0.13% return. Over the past 10 years, BSBIX has outperformed VIITX with an annualized return of 2.51%, while VIITX has yielded a comparatively lower 2.15% annualized return.
BSBIX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 0.27%
- 6M
- 1.29%
- 1Y
- 4.15%
- 3Y*
- 5.01%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
VIITX
- 1D
- 0.19%
- 1M
- -0.97%
- YTD
- 0.13%
- 6M
- 1.27%
- 1Y
- 4.77%
- 3Y*
- 4.66%
- 5Y*
- 1.58%
- 10Y*
- 2.15%
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BSBIX vs. VIITX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than VIITX's 0.02% expense ratio.
Return for Risk
BSBIX vs. VIITX — Risk / Return Rank
BSBIX
VIITX
BSBIX vs. VIITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) 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.
| BSBIX | VIITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 1.80 | +1.22 |
Sortino ratioReturn per unit of downside risk | 4.76 | 2.65 | +2.11 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.34 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 2.66 | +1.88 |
Martin ratioReturn relative to average drawdown | 20.13 | 9.91 | +10.21 |
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
| BSBIX | VIITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.80 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.41 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | 0.71 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 0.75 | +0.89 |
Correlation
The correlation between BSBIX and VIITX is 0.74, 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
BSBIX vs. VIITX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than VIITX's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.30% | 4.35% | 4.34% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.20% | 1.73% | 1.60% | 1.62% |
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 4.16% | 4.51% | 4.71% | 3.61% | 2.14% | 2.20% | 2.87% | 2.69% | 2.62% | 2.04% | 2.95% | 0.57% |
Drawdowns
BSBIX vs. VIITX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum VIITX drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for BSBIX and VIITX.
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Drawdown Indicators
| BSBIX | VIITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -11.86% | +5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -1.89% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -11.86% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | -11.86% | +5.91% |
Current DrawdownCurrent decline from peak | -0.59% | -1.30% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.15% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.51% | -0.30% |
Volatility
BSBIX vs. VIITX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.53%, while Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a volatility of 1.15%. This indicates that BSBIX experiences smaller price fluctuations and is considered to be less risky 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
| BSBIX | VIITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.15% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.72% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 2.74% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 3.82% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 3.05% | -1.38% |