IEI vs. VBIPX
Compare and contrast key facts about iShares 3-7 Year Treasury Bond ETF (IEI) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX).
IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. VBIPX is managed by Vanguard. It was launched on Sep 29, 2011.
Performance
IEI vs. VBIPX - Performance Comparison
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IEI vs. VBIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.13% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 5.71% | 1.36% | 1.22% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | -0.22% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
Returns By Period
In the year-to-date period, IEI achieves a -0.13% return, which is significantly higher than VBIPX's -0.22% return. Over the past 10 years, IEI has underperformed VBIPX with an annualized return of 1.35%, while VBIPX has yielded a comparatively higher 1.88% annualized return.
IEI
- 1D
- -0.08%
- 1M
- -1.15%
- YTD
- -0.13%
- 6M
- 0.68%
- 1Y
- 3.73%
- 3Y*
- 3.40%
- 5Y*
- 0.45%
- 10Y*
- 1.35%
VBIPX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.22%
- 6M
- 0.78%
- 1Y
- 3.67%
- 3Y*
- 4.03%
- 5Y*
- 1.52%
- 10Y*
- 1.88%
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IEI vs. VBIPX - Expense Ratio Comparison
IEI has a 0.15% expense ratio, which is higher than VBIPX's 0.04% expense ratio. However, 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
IEI vs. VBIPX — Risk / Return Rank
IEI
VBIPX
IEI vs. VBIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX). 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.
| IEI | VBIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.59 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.60 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.73 | -0.95 |
Martin ratioReturn relative to average drawdown | 5.68 | 9.97 | -4.29 |
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
| IEI | VBIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.59 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.52 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.79 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.78 | -0.08 |
Correlation
The correlation between IEI and VBIPX is 0.84, 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
IEI vs. VBIPX - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.58%, less than VBIPX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | 3.58% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.62% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
Drawdowns
IEI vs. VBIPX - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, which is greater than VBIPX's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for IEI and VBIPX.
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Drawdown Indicators
| IEI | VBIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -8.72% | -5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -1.54% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | -8.69% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | -8.72% | -5.88% |
Current DrawdownCurrent decline from peak | -1.57% | -1.16% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -1.19% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.42% | +0.27% |
Volatility
IEI vs. VBIPX - Volatility Comparison
iShares 3-7 Year Treasury Bond ETF (IEI) has a higher volatility of 1.25% compared to Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) at 0.73%. This indicates that IEI's price experiences larger fluctuations and is considered to be riskier than VBIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEI | VBIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.73% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 1.50% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 2.42% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 2.93% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 2.39% | +1.54% |