OGLVX vs. VIITX

Last updated Jun 4, 2026

OGLVX (JPMorgan Short Duration Bond A) and VIITX (Vanguard Institutional Intermediate-Term Bond Fund) are both Short-Term Bond funds. Over the past 10 years, OGLVX returned 2.03%/yr vs 2.13%/yr for VIITX. A 0.75 correlation means they provide meaningful diversification when combined. OGLVX charges 0.59%/yr vs 0.02%/yr for VIITX.

Performance

OGLVX vs. VIITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Short Duration Bond A (OGLVX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGLVX achieves a 0.28% return, which is significantly lower than VIITX's 0.56% return. Both investments have delivered pretty close results over the past 10 years, with OGLVX having a 2.03% annualized return and VIITX not far ahead at 2.13%.

OGLVX

• 1D: 0.00%
• 1M: 0.14%
• YTD: 0.28%
• 6M: 0.61%
• 1Y: 3.39%
• 3Y*: 4.61%
• 5Y*: 2.13%
• 10Y*: 2.03%

VIITX

• 1D: 0.05%
• 1M: 0.29%
• YTD: 0.56%
• 6M: 0.76%
• 1Y: 5.12%
• 3Y*: 4.93%
• 5Y*: 1.50%
• 10Y*: 2.13%

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

OGLVX vs. VIITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGLVX JPMorgan Short Duration Bond A	0.28%	5.32%	4.80%	5.24%	-3.95%	-0.31%	4.26%	4.00%	0.92%	0.52%
VIITX Vanguard Institutional Intermediate-Term Bond Fund	0.56%	7.23%	3.67%	5.31%	-7.99%	-1.02%	6.17%	6.44%	0.87%	2.00%

Correlation

The correlation between OGLVX and VIITX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015	0.75

The correlation between OGLVX and VIITX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

Return for Risk

OGLVX vs. VIITX — Risk / Return Rank

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

OGLVX

OGLVX Risk / Return Rank: 67
OGLVX Sharpe Ratio Rank: 62
OGLVX Sortino Ratio Rank: 80
OGLVX Omega Ratio Rank: 77
OGLVX Calmar Ratio Rank: 64
OGLVX Martin Ratio Rank: 51

VIITX

VIITX Risk / Return Rank: 50
VIITX Sharpe Ratio Rank: 50
VIITX Sortino Ratio Rank: 55
VIITX Omega Ratio Rank: 51
VIITX Calmar Ratio Rank: 51
VIITX Martin Ratio Rank: 41

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.

OGLVX vs. VIITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Bond A (OGLVX) and Vanguard Institutional Intermediate-Term Bond Fund (VIITX). 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.

	OGLVX	VIITX	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.07	+0.26
Sortino ratio Return per unit of downside risk	3.84	3.11	+0.73
Omega ratio Gain probability vs. loss probability	1.51	1.39	+0.12
Calmar ratio Return relative to maximum drawdown	3.10	2.72	+0.39
Martin ratio Return relative to average drawdown	10.40	8.89	+1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGLVX vs. VIITX - Sharpe Ratio Comparison

The current OGLVX Sharpe Ratio is 2.33, which is comparable to the VIITX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of OGLVX and VIITX, 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

	OGLVX	VIITX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.07	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	0.39	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.23	0.70	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.76	+0.83

Drawdowns

OGLVX vs. VIITX - Drawdown Comparison

The maximum OGLVX drawdown since its inception was -6.08%, smaller than the maximum VIITX drawdown of -11.86%. Use the drawdown chart below to compare losses from any high point for OGLVX and VIITX.

Drawdown Indicators

	OGLVX	VIITX	Difference
Max Drawdown Largest peak-to-trough decline	-6.08%	-11.86%	+5.78%
Max Drawdown (1Y) Largest decline over 1 year	-1.10%	-1.89%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-1.10%	-3.32%	+2.22%
Max Drawdown (5Y) Largest decline over 5 years	-6.08%	-11.86%	+5.78%
Max Drawdown (10Y) Largest decline over 10 years	-6.08%	-11.86%	+5.78%
Current Drawdown Current decline from peak	-0.52%	-0.87%	+0.35%
Average Drawdown Average peak-to-trough decline	-0.49%	-2.13%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	0.58%	-0.25%

Volatility

OGLVX vs. VIITX - Volatility Comparison

The current volatility for JPMorgan Short Duration Bond A (OGLVX) is 0.47%, while Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a volatility of 0.87%. This indicates that OGLVX experiences smaller price fluctuations and is considered to be less risky than VIITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGLVX	VIITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.87%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	1.84%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	2.49%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.99%	3.84%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.67%	3.06%	-1.39%

OGLVX vs. VIITX - Expense Ratio Comparison

OGLVX has a 0.59% expense ratio, which is higher than VIITX's 0.02% expense ratio.

Dividends

OGLVX vs. VIITX - Dividend Comparison

OGLVX's dividend yield for the trailing twelve months is around 3.64%, less than VIITX's 4.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OGLVX JPMorgan Short Duration Bond A	3.64%	3.97%	3.74%	2.70%	1.20%	0.96%	1.79%	2.15%	1.47%	0.99%	0.70%	0.73%
VIITX Vanguard Institutional Intermediate-Term Bond Fund	4.57%	4.51%	4.71%	3.61%	2.14%	2.20%	2.87%	2.69%	2.62%	2.04%	2.95%	0.57%

Frequently Asked Questions

Can I hold both OGLVX and VIITX in my portfolio?

OGLVX and VIITX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OGLVX or VIITX?

VIITX has higher volatility (0.87%) compared to OGLVX (0.47%). In terms of maximum drawdown, OGLVX dropped -6.08% vs VIITX's -11.86%.

Which has better risk-adjusted returns?

OGLVX currently has the higher Sharpe Ratio (2.33 vs 2.07), 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.