BSBSX vs. VISTX
Compare and contrast key facts about Baird Short-Term Bond Fund Investor Class (BSBSX) and Vanguard Institutional Short-Term Bond Fund (VISTX).
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. VISTX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
BSBSX vs. VISTX - Performance Comparison
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BSBSX vs. VISTX - 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% |
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, BSBSX achieves a 0.21% return, which is significantly lower than VISTX's 0.32% return. Over the past 10 years, BSBSX has underperformed VISTX with an annualized return of 2.26%, while VISTX has yielded a comparatively higher 2.44% annualized return.
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%
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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BSBSX vs. VISTX - Expense Ratio Comparison
BSBSX has a 0.55% expense ratio, which is higher than VISTX's 0.02% expense ratio.
Return for Risk
BSBSX vs. VISTX — Risk / Return Rank
BSBSX
VISTX
BSBSX vs. VISTX - 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 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.
| BSBSX | VISTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.54 | 3.00 | -0.47 |
Sortino ratioReturn per unit of downside risk | 3.98 | 4.71 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.68 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 4.79 | 5.15 | -0.36 |
Martin ratioReturn relative to average drawdown | 19.62 | 20.61 | -0.99 |
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 | VISTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 3.00 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.33 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.35 | 1.67 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 1.70 | -0.40 |
Correlation
The correlation between BSBSX and VISTX 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. VISTX - Dividend Comparison
BSBSX's dividend yield for the trailing twelve months is around 4.05%, less than VISTX's 4.10% 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% |
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
BSBSX vs. VISTX - Drawdown Comparison
The maximum BSBSX drawdown since its inception was -6.29%, which is greater than VISTX's maximum drawdown of -5.64%. Use the drawdown chart below to compare losses from any high point for BSBSX and VISTX.
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Drawdown Indicators
| BSBSX | VISTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.29% | -5.64% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -0.86% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.29% | -5.64% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -6.29% | -5.64% | -0.65% |
Current DrawdownCurrent decline from peak | -0.51% | -0.56% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -0.69% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.22% | -0.02% |
Volatility
BSBSX vs. VISTX - Volatility Comparison
Baird Short-Term Bond Fund Investor Class (BSBSX) has a higher volatility of 0.48% compared to Vanguard Institutional Short-Term Bond Fund (VISTX) at 0.45%. This indicates that BSBSX'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
| BSBSX | VISTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.45% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 0.85% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 1.45% | +0.13% |
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% |