BSV vs. VBITX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX).
BSV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. VBITX is managed by Vanguard. It was launched on Sep 27, 2011.
Performance
BSV vs. VBITX - Performance Comparison
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BSV vs. VBITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.16% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
VBITX Vanguard Short-Term Bond Index Fund Institutional Shares | -0.23% | 6.11% | 3.77% | 4.43% | -5.61% | -1.18% | 4.72% | 4.89% | 1.38% | 1.20% |
Returns By Period
In the year-to-date period, BSV achieves a 0.16% return, which is significantly higher than VBITX's -0.23% return. Both investments have delivered pretty close results over the past 10 years, with BSV having a 1.97% annualized return and VBITX not far behind at 1.88%.
BSV
- 1D
- 0.02%
- 1M
- -0.57%
- YTD
- 0.16%
- 6M
- 1.15%
- 1Y
- 4.05%
- 3Y*
- 4.27%
- 5Y*
- 1.68%
- 10Y*
- 1.97%
VBITX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.23%
- 6M
- 0.78%
- 1Y
- 3.67%
- 3Y*
- 4.02%
- 5Y*
- 1.53%
- 10Y*
- 1.88%
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BSV vs. VBITX - Expense Ratio Comparison
BSV has a 0.03% expense ratio, which is lower than VBITX's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BSV vs. VBITX — Risk / Return Rank
BSV
VBITX
BSV vs. VBITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX). 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.
| BSV | VBITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 1.59 | +0.45 |
Sortino ratioReturn per unit of downside risk | 3.25 | 2.58 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.32 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.73 | +0.50 |
Martin ratioReturn relative to average drawdown | 12.23 | 9.98 | +2.25 |
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
| BSV | VBITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.59 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.53 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.01 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.01 | +0.84 |
Correlation
The correlation between BSV and VBITX is 0.80, 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
BSV vs. VBITX - Dividend Comparison
BSV's dividend yield for the trailing twelve months is around 3.93%, more than VBITX's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.93% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
VBITX Vanguard Short-Term Bond Index Fund Institutional Shares | 3.61% | 3.85% | 3.39% | 1.99% | 1.48% | 1.24% | 1.80% | 2.26% | 2.03% | 1.69% | 1.52% | 1.44% |
Drawdowns
BSV vs. VBITX - Drawdown Comparison
The maximum BSV drawdown since its inception was -8.54%, smaller than the maximum VBITX drawdown of -79.18%. Use the drawdown chart below to compare losses from any high point for BSV and VBITX.
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Drawdown Indicators
| BSV | VBITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.54% | -79.18% | +70.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -1.54% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -8.54% | -8.61% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -8.54% | -79.18% | +70.64% |
Current DrawdownCurrent decline from peak | -0.76% | -74.91% | +74.15% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -45.90% | +44.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.42% | -0.08% |
Volatility
BSV vs. VBITX - Volatility Comparison
Vanguard Short-Term Bond Index Fund ETF Shares (BSV) has a higher volatility of 0.78% compared to Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) at 0.73%. This indicates that BSV's price experiences larger fluctuations and is considered to be riskier than VBITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSV | VBITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.73% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.50% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 2.42% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.71% | 2.93% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.37% | 160.21% | -157.84% |