MDSIX vs. VFIRX

Last updated Jun 4, 2026

MDSIX (Integrity Short Term Government Fund) and VFIRX (Vanguard Short-Term Treasury Fund Admiral Shares) are both Government Bonds funds. Over the past 10 years, MDSIX returned 1.98%/yr vs 1.71%/yr for VFIRX. A 0.57 correlation means they provide meaningful diversification when combined. MDSIX charges 0.55%/yr vs 0.10%/yr for VFIRX.

Performance

MDSIX vs. VFIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Integrity Short Term Government Fund (MDSIX) and Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDSIX achieves a 1.65% return, which is significantly higher than VFIRX's 0.44% return. Over the past 10 years, MDSIX has outperformed VFIRX with an annualized return of 1.98%, while VFIRX has yielded a comparatively lower 1.71% annualized return.

MDSIX

• 1D: 0.11%
• 1M: 0.74%
• YTD: 1.65%
• 6M: 1.68%
• 1Y: 5.84%
• 3Y*: 5.96%
• 5Y*: 2.16%
• 10Y*: 1.98%

VFIRX

• 1D: -0.10%
• 1M: 0.12%
• YTD: 0.44%
• 6M: 0.65%
• 1Y: 3.58%
• 3Y*: 4.12%
• 5Y*: 1.51%
• 10Y*: 1.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDSIX vs. VFIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDSIX Integrity Short Term Government Fund	1.65%	6.91%	6.90%	4.30%	-7.23%	-1.14%	2.76%	3.54%	2.21%	1.19%
VFIRX Vanguard Short-Term Treasury Fund Admiral Shares	0.44%	5.47%	3.85%	3.66%	-4.61%	-0.80%	4.06%	3.71%	1.47%	0.40%

Correlation

The correlation between MDSIX and VFIRX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 6, 2011	0.57

The correlation between MDSIX and VFIRX shifts across timeframes, from 0.57 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MDSIX vs. VFIRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDSIX

MDSIX Risk / Return Rank: 84
MDSIX Sharpe Ratio Rank: 72
MDSIX Sortino Ratio Rank: 84
MDSIX Omega Ratio Rank: 79
MDSIX Calmar Ratio Rank: 91
MDSIX Martin Ratio Rank: 92

VFIRX

VFIRX Risk / Return Rank: 42
VFIRX Sharpe Ratio Rank: 34
VFIRX Sortino Ratio Rank: 49
VFIRX Omega Ratio Rank: 43
VFIRX Calmar Ratio Rank: 43
VFIRX Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MDSIX vs. VFIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Integrity Short Term Government Fund (MDSIX) and Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX). 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.

	MDSIX	VFIRX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.68	+0.79
Sortino ratio: Return per unit of downside risk	4.02	2.94	+1.08
Omega ratio: Gain probability vs. loss probability	1.52	1.35	+0.17
Calmar ratio: Return relative to maximum drawdown	4.81	2.49	+2.32
Martin ratio: Return relative to average drawdown	19.50	8.39	+11.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDSIX vs. VFIRX - Sharpe Ratio Comparison

The current MDSIX Sharpe Ratio is 2.47, which is higher than the VFIRX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of MDSIX and VFIRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MDSIX	VFIRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.68	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.57	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.81	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.16	-0.55

Drawdowns

MDSIX vs. VFIRX - Drawdown Comparison

The maximum MDSIX drawdown since its inception was -11.28%, which is greater than VFIRX's maximum drawdown of -6.73%. Use the drawdown chart below to compare losses from any high point for MDSIX and VFIRX.

Drawdown Indicators

	MDSIX	VFIRX	Difference
Max Drawdown Largest peak-to-trough decline	-11.28%	-6.73%	-4.55%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-1.40%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-2.60%	-1.40%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-11.08%	-6.73%	-4.35%
Max Drawdown (10Y) Largest decline over 10 years	-11.28%	-6.73%	-4.55%
Current Drawdown Current decline from peak	-0.05%	-0.56%	+0.51%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.71%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.42%	-0.12%

Volatility

MDSIX vs. VFIRX - Volatility Comparison

Integrity Short Term Government Fund (MDSIX) has a higher volatility of 1.07% compared to Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX) at 0.61%. This indicates that MDSIX's price experiences larger fluctuations and is considered to be riskier than VFIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDSIX	VFIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	0.61%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	1.81%	1.50%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	2.08%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	2.68%	+0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.16%	2.12%	+1.04%

MDSIX vs. VFIRX - Expense Ratio Comparison

MDSIX has a 0.55% expense ratio, which is higher than VFIRX's 0.10% expense ratio.

Dividends

MDSIX vs. VFIRX - Dividend Comparison

MDSIX's dividend yield for the trailing twelve months is around 3.28%, less than VFIRX's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDSIX Integrity Short Term Government Fund	3.28%	2.54%	3.91%	1.51%	0.93%	1.90%	4.41%	3.50%	3.70%	3.01%	2.50%	2.44%
VFIRX Vanguard Short-Term Treasury Fund Admiral Shares	3.85%	3.99%	4.49%	4.07%	2.03%	0.60%	2.30%	2.49%	2.21%	1.25%	1.28%	0.93%

Frequently Asked Questions

Can I hold both MDSIX and VFIRX in my portfolio?

MDSIX and VFIRX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDSIX or VFIRX?

MDSIX has higher volatility (1.07%) compared to VFIRX (0.61%). In terms of maximum drawdown, MDSIX dropped -11.28% vs VFIRX's -6.73%.

Which has better risk-adjusted returns?

MDSIX currently has the higher Sharpe Ratio (2.47 vs 1.68), 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.