BSBIX vs. VISTX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Vanguard Institutional Short-Term Bond Fund (VISTX).
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. VISTX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
BSBIX vs. VISTX - Performance Comparison
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BSBIX vs. VISTX - 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% |
VISTX Vanguard Institutional Short-Term Bond Fund | 0.32% | 5.68% | 5.56% | 4.98% | -3.73% | -0.04% | 3.92% | 4.20% | 1.83% | 1.42% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly lower than VISTX's 0.32% return. Both investments have delivered pretty close results over the past 10 years, with BSBIX having a 2.51% annualized return and VISTX not far behind at 2.44%.
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%
VISTX
- 1D
- 0.08%
- 1M
- -0.38%
- YTD
- 0.32%
- 6M
- 1.37%
- 1Y
- 4.33%
- 3Y*
- 4.97%
- 5Y*
- 2.45%
- 10Y*
- 2.44%
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BSBIX vs. VISTX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than VISTX's 0.02% expense ratio.
Return for Risk
BSBIX vs. VISTX — Risk / Return Rank
BSBIX
VISTX
BSBIX vs. VISTX - 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 Short-Term Bond Fund (VISTX). 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 | VISTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 3.00 | +0.02 |
Sortino ratioReturn per unit of downside risk | 4.76 | 4.71 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.68 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 5.15 | -0.61 |
Martin ratioReturn relative to average drawdown | 20.13 | 20.61 | -0.48 |
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 | VISTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 3.00 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.33 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | 1.67 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 1.70 | -0.06 |
Correlation
The correlation between BSBIX and VISTX is 0.72, 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. VISTX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than VISTX's 4.10% 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% |
VISTX Vanguard Institutional Short-Term Bond Fund | 4.10% | 4.53% | 5.03% | 3.91% | 1.76% | 1.85% | 2.33% | 2.72% | 2.32% | 1.78% | 1.51% | 0.00% |
Drawdowns
BSBIX vs. VISTX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, which is greater than VISTX's maximum drawdown of -5.64%. Use the drawdown chart below to compare losses from any high point for BSBIX and VISTX.
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Drawdown Indicators
| BSBIX | VISTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -5.64% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -0.86% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -5.64% | -0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | -5.64% | -0.31% |
Current DrawdownCurrent decline from peak | -0.59% | -0.56% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -0.69% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.22% | -0.01% |
Volatility
BSBIX vs. VISTX - Volatility Comparison
Baird Short-Term Bond Fund Institutional Class (BSBIX) has a higher volatility of 0.53% compared to Vanguard Institutional Short-Term Bond Fund (VISTX) at 0.45%. This indicates that BSBIX's price experiences larger fluctuations and is considered to be riskier than VISTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSBIX | VISTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.45% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 0.85% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 1.45% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 1.85% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 1.47% | +0.20% |