BSBIX vs. VSTBX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX).
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. VSTBX is managed by Vanguard. It was launched on Nov 19, 2009.
Performance
BSBIX vs. VSTBX - Performance Comparison
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BSBIX vs. VSTBX - 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% |
VSTBX Vanguard Short-Term Corporate Bond Index Fund Institutional Shares | 0.10% | 6.75% | 5.37% | 6.17% | -5.73% | -0.41% | 5.07% | 9.68% | 0.92% | 2.48% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly higher than VSTBX's 0.10% return. Over the past 10 years, BSBIX has underperformed VSTBX with an annualized return of 2.51%, while VSTBX has yielded a comparatively higher 3.03% 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%
VSTBX
- 1D
- 0.19%
- 1M
- -0.68%
- YTD
- 0.10%
- 6M
- 1.15%
- 1Y
- 4.78%
- 3Y*
- 5.52%
- 5Y*
- 2.44%
- 10Y*
- 3.03%
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BSBIX vs. VSTBX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than VSTBX's 0.05% expense ratio.
Return for Risk
BSBIX vs. VSTBX — Risk / Return Rank
BSBIX
VSTBX
BSBIX vs. VSTBX - 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 Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX). 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 | VSTBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 2.47 | +0.56 |
Sortino ratioReturn per unit of downside risk | 4.76 | 3.67 | +1.09 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.51 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 3.75 | +0.79 |
Martin ratioReturn relative to average drawdown | 20.13 | 14.63 | +5.50 |
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 | VSTBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 2.47 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.91 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | 1.28 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 1.46 | +0.18 |
Correlation
The correlation between BSBIX and VSTBX is 0.75, 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. VSTBX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than VSTBX's 4.04% 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% |
VSTBX Vanguard Short-Term Corporate Bond Index Fund Institutional Shares | 4.04% | 4.34% | 4.29% | 3.09% | 2.00% | 1.80% | 2.27% | 5.40% | 2.67% | 2.27% | 1.96% | 2.25% |
Drawdowns
BSBIX vs. VSTBX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum VSTBX drawdown of -9.34%. Use the drawdown chart below to compare losses from any high point for BSBIX and VSTBX.
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Drawdown Indicators
| BSBIX | VSTBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -9.34% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -1.31% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -9.34% | +3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | -9.34% | +3.39% |
Current DrawdownCurrent decline from peak | -0.59% | -0.86% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -0.96% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.34% | -0.13% |
Volatility
BSBIX vs. VSTBX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.53%, while Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX) has a volatility of 0.78%. This indicates that BSBIX experiences smaller price fluctuations and is considered to be less risky than VSTBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSBIX | VSTBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.78% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.17% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 1.98% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 2.70% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 2.37% | -0.70% |