FCFAX vs. VISTX
FCFAX (Frost Credit Fund) and VISTX (Vanguard Institutional Short-Term Bond Fund) are both Short-Term Bond funds. Over the past 10 years, FCFAX returned 4.70%/yr vs 2.46%/yr for VISTX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. FCFAX charges 0.96%/yr vs 0.02%/yr for VISTX.
Performance
FCFAX vs. VISTX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FCFAX at 1.27% and VISTX at 1.27%. Over the past 10 years, FCFAX has outperformed VISTX with an annualized return of 4.70%, while VISTX has yielded a comparatively lower 2.46% annualized return.
FCFAX
- 1D
- 0.22%
- 1M
- -0.43%
- 6M
- 0.59%
- YTD
- 1.27%
- 1Y
- 2.99%
- 3Y*
- 6.60%
- 5Y*
- 3.52%
- 10Y*
- 4.70%
- ALL TIME*
- 4.37%
VISTX
- 1D
- 0.08%
- 1M
- 0.16%
- 6M
- 0.98%
- YTD
- 1.27%
- 1Y
- 3.33%
- 3Y*
- 5.14%
- 5Y*
- 2.57%
- 10Y*
- 2.46%
- ALL TIME*
- 2.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FCFAX Frost Credit Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FCFAX vs. VISTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | 1.27% | 5.21% | 8.01% | 11.23% | -7.83% | 5.07% | 6.22% | 6.95% | 0.89% | 7.95% |
VISTX Vanguard Institutional Short-Term Bond Fund | 1.27% | 5.68% | 5.56% | 4.98% | -3.73% | -0.04% | 3.92% | 4.20% | 1.83% | 1.42% |
Correlation
The correlation between FCFAX and VISTX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.53 |
The correlation between FCFAX and VISTX shifts across timeframes, from 0.53 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCFAX vs. VISTX — Risk / Return Rank
FCFAX
VISTX
FCFAX vs. VISTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frost Credit Fund (FCFAX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCFAX | VISTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.57 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.97 | -2.26 |
| Martin ratioReturn relative to average drawdown | 6.00 | 16.43 | -10.43 |
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Drawdowns
FCFAX vs. VISTX - Drawdown Comparison
The maximum FCFAX drawdown since its inception was -16.33%, which is greater than VISTX's maximum drawdown of -5.64%. Use the drawdown chart below to compare losses from any high point for FCFAX and VISTX.
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Drawdown Indicators
| FCFAX | VISTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.33% | -5.64% | -10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | -0.86% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | -0.86% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | -5.64% | -4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -16.33% | -5.64% | -10.69% |
Current DrawdownCurrent decline from peak | -0.64% | 0.00% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -0.68% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.21% | +0.31% |
Volatility
FCFAX vs. VISTX - Volatility Comparison
Frost Credit Fund (FCFAX) has a higher volatility of 0.68% compared to Vanguard Institutional Short-Term Bond Fund (VISTX) at 0.38%. This indicates that FCFAX'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
| FCFAX | VISTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.38% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.82% | 1.00% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 1.26% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.79% | 1.88% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.20% | 1.48% | +1.72% |
FCFAX vs. VISTX - Expense Ratio Comparison
FCFAX has a 0.96% expense ratio, which is higher than VISTX's 0.02% expense ratio.
Dividends
FCFAX vs. VISTX - Dividend Comparison
FCFAX's dividend yield for the trailing twelve months is around 6.33%, more than VISTX's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | 6.33% | 6.10% | 5.76% | 5.93% | 5.00% | 3.65% | 3.69% | 4.62% | 5.05% | 5.85% | 4.84% | 4.95% |
VISTX Vanguard Institutional Short-Term Bond Fund | 4.45% | 4.53% | 5.03% | 3.91% | 1.76% | 1.85% | 2.33% | 2.72% | 2.32% | 1.78% | 1.51% | 0.00% |
Frequently Asked Questions
FCFAX and VISTX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCFAX has higher volatility (0.68%) compared to VISTX (0.38%). In terms of maximum drawdown, FCFAX dropped -16.33% vs VISTX's -5.64%.
VISTX currently has the higher Sharpe Ratio (2.71 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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