BSBSX vs. VIITX
Compare and contrast key facts about Baird Short-Term Bond Fund Investor Class (BSBSX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX).
BSBSX is a passively managed fund by Baird that tracks the performance of the Bloomberg 1-3 Year U.S. Government/Credit Index. It was launched on Sep 19, 2012. VIITX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
BSBSX vs. VIITX - Performance Comparison
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BSBSX vs. VIITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSBSX Baird Short-Term Bond Fund Investor Class | 0.21% | 5.41% | 4.73% | 5.39% | -3.88% | -0.57% | 3.87% | 4.42% | 1.24% | 1.28% |
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, BSBSX achieves a 0.21% return, which is significantly higher than VIITX's 0.13% return. Both investments have delivered pretty close results over the past 10 years, with BSBSX having a 2.26% annualized return and VIITX not far behind at 2.15%.
BSBSX
- 1D
- 0.11%
- 1M
- -0.41%
- YTD
- 0.21%
- 6M
- 1.16%
- 1Y
- 3.89%
- 3Y*
- 4.75%
- 5Y*
- 2.20%
- 10Y*
- 2.26%
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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BSBSX vs. VIITX - Expense Ratio Comparison
BSBSX has a 0.55% expense ratio, which is higher than VIITX's 0.02% expense ratio.
Return for Risk
BSBSX vs. VIITX — Risk / Return Rank
BSBSX
VIITX
BSBSX vs. VIITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Investor Class (BSBSX) 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.
| BSBSX | VIITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.54 | 1.80 | +0.74 |
Sortino ratioReturn per unit of downside risk | 3.98 | 2.65 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.34 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 4.79 | 2.66 | +2.13 |
Martin ratioReturn relative to average drawdown | 19.62 | 9.91 | +9.70 |
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
| BSBSX | VIITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 1.80 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.41 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.35 | 0.71 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.75 | +0.55 |
Correlation
The correlation between BSBSX 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
BSBSX vs. VIITX - Dividend Comparison
BSBSX's dividend yield for the trailing twelve months is around 4.05%, less than VIITX's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBSX Baird Short-Term Bond Fund Investor Class | 4.05% | 4.10% | 4.08% | 3.16% | 1.54% | 1.17% | 2.37% | 2.24% | 1.96% | 1.49% | 1.35% | 1.37% |
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
BSBSX vs. VIITX - Drawdown Comparison
The maximum BSBSX drawdown since its inception was -6.29%, smaller than the maximum VIITX drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for BSBSX and VIITX.
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Drawdown Indicators
| BSBSX | VIITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -11.86% | +5.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -1.89% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -6.29% | -11.86% | +5.57% |
Max Drawdown (10Y)Largest decline over 10 years | -6.29% | -11.86% | +5.57% |
Current DrawdownCurrent decline from peak | -0.51% | -1.30% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -2.15% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.51% | -0.31% |
Volatility
BSBSX vs. VIITX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Investor Class (BSBSX) is 0.48%, while Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a volatility of 1.15%. This indicates that BSBSX 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
| BSBSX | VIITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.15% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 1.72% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 2.74% | -1.16% |
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% |