MDSIX vs. VSBIX

Last updated Jun 4, 2026

MDSIX (Integrity Short Term Government Fund) and VSBIX (Vanguard Short-Term Treasury Index Fund Institutional Shares) are both Government Bonds funds. Over the past 10 years, MDSIX returned 1.98%/yr vs 1.77%/yr for VSBIX. A 0.60 correlation means they provide meaningful diversification when combined. MDSIX charges 0.55%/yr vs 0.05%/yr for VSBIX.

Performance

MDSIX vs. VSBIX - 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 Index Fund Institutional Shares (VSBIX). 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 VSBIX's 0.52% return. Over the past 10 years, MDSIX has outperformed VSBIX with an annualized return of 1.98%, while VSBIX has yielded a comparatively lower 1.77% 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%

VSBIX

• 1D: 0.00%
• 1M: 0.11%
• YTD: 0.52%
• 6M: 0.81%
• 1Y: 3.48%
• 3Y*: 4.29%
• 5Y*: 1.89%
• 10Y*: 1.77%

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

MDSIX vs. VSBIX - 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%
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares	0.52%	5.11%	4.37%	4.28%	-3.87%	-0.67%	3.11%	3.53%	1.52%	0.40%

Correlation

The correlation between MDSIX and VSBIX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jul 6, 2011	0.60

The correlation between MDSIX and VSBIX shifts across timeframes, from 0.60 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MDSIX vs. VSBIX — 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

VSBIX

VSBIX Risk / Return Rank: 88
VSBIX Sharpe Ratio Rank: 84
VSBIX Sortino Ratio Rank: 92
VSBIX Omega Ratio Rank: 85
VSBIX Calmar Ratio Rank: 87
VSBIX Martin Ratio Rank: 89

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. VSBIX - 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 Index Fund Institutional Shares (VSBIX). 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	VSBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.73	-0.25
Sortino ratio: Return per unit of downside risk	4.02	4.57	-0.55
Omega ratio: Gain probability vs. loss probability	1.52	1.58	-0.06
Calmar ratio: Return relative to maximum drawdown	4.81	4.28	+0.52
Martin ratio: Return relative to average drawdown	19.50	17.65	+1.85
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. VSBIX - Sharpe Ratio Comparison

The current MDSIX Sharpe Ratio is 2.47, which is comparable to the VSBIX Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of MDSIX and VSBIX, 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	VSBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.73	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.97	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	1.16	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.09	-0.48

Drawdowns

MDSIX vs. VSBIX - Drawdown Comparison

The maximum MDSIX drawdown since its inception was -11.28%, which is greater than VSBIX's maximum drawdown of -5.74%. Use the drawdown chart below to compare losses from any high point for MDSIX and VSBIX.

Drawdown Indicators

	MDSIX	VSBIX	Difference
Max Drawdown Largest peak-to-trough decline	-11.28%	-5.74%	-5.54%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-0.81%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-2.60%	-0.81%	-1.79%
Max Drawdown (5Y) Largest decline over 5 years	-11.08%	-5.74%	-5.34%
Max Drawdown (10Y) Largest decline over 10 years	-11.28%	-5.74%	-5.54%
Current Drawdown Current decline from peak	-0.05%	-0.20%	+0.15%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.59%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.20%	+0.10%

Volatility

MDSIX vs. VSBIX - Volatility Comparison

Integrity Short Term Government Fund (MDSIX) has a higher volatility of 1.07% compared to Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) at 0.39%. This indicates that MDSIX's price experiences larger fluctuations and is considered to be riskier than VSBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDSIX	VSBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	0.39%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	1.81%	0.86%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	2.38%	1.27%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	1.95%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.16%	1.53%	+1.63%

MDSIX vs. VSBIX - Expense Ratio Comparison

MDSIX has a 0.55% expense ratio, which is higher than VSBIX's 0.05% expense ratio.

Dividends

MDSIX vs. VSBIX - Dividend Comparison

MDSIX's dividend yield for the trailing twelve months is around 3.28%, less than VSBIX's 3.87% 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%
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares	3.87%	3.99%	4.52%	3.31%	1.14%	0.65%	1.74%	2.28%	1.81%	1.11%	0.80%	0.74%

Frequently Asked Questions

Can I hold both MDSIX and VSBIX in my portfolio?

MDSIX and VSBIX have a correlation of 0.66, 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 VSBIX?

MDSIX has higher volatility (1.07%) compared to VSBIX (0.39%). In terms of maximum drawdown, MDSIX dropped -11.28% vs VSBIX's -5.74%.

Which has better risk-adjusted returns?

VSBIX currently has the higher Sharpe Ratio (2.73 vs 2.47), 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.