FMFIX vs. VISTX
Compare and contrast key facts about RBB Free Market Fixed Income Fund (FMFIX) and Vanguard Institutional Short-Term Bond Fund (VISTX).
FMFIX is managed by RBB Funds. It was launched on Dec 31, 2007. VISTX is managed by Vanguard. It was launched on Jun 19, 2015.
Performance
FMFIX vs. VISTX - Performance Comparison
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FMFIX vs. VISTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 0.20% | 4.88% | 0.71% | 5.43% | -6.52% | -1.06% | 3.28% | 4.78% | 0.65% | 1.05% |
VISTX Vanguard Institutional Short-Term Bond Fund | 0.25% | 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, FMFIX achieves a 0.20% return, which is significantly lower than VISTX's 0.25% return. Over the past 10 years, FMFIX has underperformed VISTX with an annualized return of 1.22%, while VISTX has yielded a comparatively higher 2.43% annualized return.
FMFIX
- 1D
- 0.20%
- 1M
- -0.89%
- YTD
- 0.20%
- 6M
- 0.95%
- 1Y
- 3.59%
- 3Y*
- 3.08%
- 5Y*
- 0.84%
- 10Y*
- 1.22%
VISTX
- 1D
- 0.15%
- 1M
- -0.64%
- YTD
- 0.25%
- 6M
- 1.45%
- 1Y
- 4.26%
- 3Y*
- 4.94%
- 5Y*
- 2.45%
- 10Y*
- 2.43%
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FMFIX vs. VISTX - Expense Ratio Comparison
FMFIX has a 0.68% expense ratio, which is higher than VISTX's 0.02% expense ratio.
Return for Risk
FMFIX vs. VISTX — Risk / Return Rank
FMFIX
VISTX
FMFIX vs. VISTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBB Free Market Fixed Income Fund (FMFIX) 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.
| FMFIX | VISTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 3.01 | -0.83 |
Sortino ratioReturn per unit of downside risk | 3.20 | 4.73 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.68 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.52 | 5.24 | -1.72 |
Martin ratioReturn relative to average drawdown | 14.31 | 21.26 | -6.95 |
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
| FMFIX | VISTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 3.01 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 1.33 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 1.66 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.70 | -1.09 |
Correlation
The correlation between FMFIX and VISTX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FMFIX vs. VISTX - Dividend Comparison
FMFIX's dividend yield for the trailing twelve months is around 3.67%, less than VISTX's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 3.67% | 3.49% | 0.71% | 2.75% | 1.35% | 0.37% | 1.22% | 1.44% | 2.45% | 1.25% | 0.58% | 0.39% |
VISTX Vanguard Institutional Short-Term Bond Fund | 4.11% | 4.53% | 5.03% | 3.91% | 1.76% | 1.85% | 2.33% | 2.72% | 2.32% | 1.78% | 1.51% | 0.00% |
Drawdowns
FMFIX vs. VISTX - Drawdown Comparison
The maximum FMFIX drawdown since its inception was -9.35%, which is greater than VISTX's maximum drawdown of -5.64%. Use the drawdown chart below to compare losses from any high point for FMFIX and VISTX.
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Drawdown Indicators
| FMFIX | VISTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.35% | -5.64% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | -0.86% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -5.64% | -3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -9.35% | -5.64% | -3.71% |
Current DrawdownCurrent decline from peak | -0.89% | -0.64% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -0.69% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.21% | +0.06% |
Volatility
FMFIX vs. VISTX - Volatility Comparison
RBB Free Market Fixed Income Fund (FMFIX) has a higher volatility of 0.69% compared to Vanguard Institutional Short-Term Bond Fund (VISTX) at 0.47%. This indicates that FMFIX'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
| FMFIX | VISTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.47% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 0.85% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.70% | 1.45% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 1.85% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.43% | 1.47% | +0.96% |