PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
VBAIX vs. VBIAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VBAIXVBIAX
YTD Return15.51%15.50%
1Y Return20.42%20.41%
3Y Return (Ann)2.61%2.60%
5Y Return (Ann)7.65%7.64%
10Y Return (Ann)7.72%7.71%
Sharpe Ratio2.582.58
Sortino Ratio3.533.52
Omega Ratio1.501.50
Calmar Ratio2.082.07
Martin Ratio15.8915.86
Ulcer Index1.42%1.43%
Daily Std Dev8.75%8.75%
Max Drawdown-35.82%-35.90%
Current Drawdown-0.51%-0.51%

Correlation

-0.50.00.51.01.0

The correlation between VBAIX and VBIAX is 1.00, 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.

Performance

VBAIX vs. VBIAX - Performance Comparison

The year-to-date returns for both stocks are quite close, with VBAIX having a 15.51% return and VBIAX slightly lower at 15.50%. Both investments have delivered pretty close results over the past 10 years, with VBAIX having a 7.72% annualized return and VBIAX not far behind at 7.71%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.12%
9.11%
VBAIX
VBIAX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VBAIX vs. VBIAX - Expense Ratio Comparison

VBAIX has a 0.06% expense ratio, which is lower than VBIAX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VBIAX
Vanguard Balanced Index Fund Admiral Shares
Expense ratio chart for VBIAX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for VBAIX: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Risk-Adjusted Performance

VBAIX vs. VBIAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Institutional Shares (VBAIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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.


VBAIX
Sharpe ratio
The chart of Sharpe ratio for VBAIX, currently valued at 2.58, compared to the broader market0.002.004.002.58
Sortino ratio
The chart of Sortino ratio for VBAIX, currently valued at 3.53, compared to the broader market0.005.0010.003.53
Omega ratio
The chart of Omega ratio for VBAIX, currently valued at 1.50, compared to the broader market1.002.003.004.001.50
Calmar ratio
The chart of Calmar ratio for VBAIX, currently valued at 2.08, compared to the broader market0.005.0010.0015.0020.0025.002.08
Martin ratio
The chart of Martin ratio for VBAIX, currently valued at 15.89, compared to the broader market0.0020.0040.0060.0080.00100.0015.89
VBIAX
Sharpe ratio
The chart of Sharpe ratio for VBIAX, currently valued at 2.58, compared to the broader market0.002.004.002.58
Sortino ratio
The chart of Sortino ratio for VBIAX, currently valued at 3.52, compared to the broader market0.005.0010.003.52
Omega ratio
The chart of Omega ratio for VBIAX, currently valued at 1.50, compared to the broader market1.002.003.004.001.50
Calmar ratio
The chart of Calmar ratio for VBIAX, currently valued at 2.07, compared to the broader market0.005.0010.0015.0020.0025.002.07
Martin ratio
The chart of Martin ratio for VBIAX, currently valued at 15.86, compared to the broader market0.0020.0040.0060.0080.00100.0015.86

VBAIX vs. VBIAX - Sharpe Ratio Comparison

The current VBAIX Sharpe Ratio is 2.58, which is comparable to the VBIAX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VBAIX and VBIAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.58
2.58
VBAIX
VBIAX

Dividends

VBAIX vs. VBIAX - Dividend Comparison

VBAIX's dividend yield for the trailing twelve months is around 2.03%, which matches VBIAX's 2.02% yield.


TTM20232022202120202019201820172016201520142013
VBAIX
Vanguard Balanced Index Fund Institutional Shares
2.03%2.05%1.94%1.39%1.66%2.13%2.32%1.96%2.10%2.10%1.93%1.85%
VBIAX
Vanguard Balanced Index Fund Admiral Shares
2.02%2.04%1.93%1.39%1.66%2.12%2.32%1.95%2.09%2.09%1.92%1.85%

Drawdowns

VBAIX vs. VBIAX - Drawdown Comparison

The maximum VBAIX drawdown since its inception was -35.82%, roughly equal to the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for VBAIX and VBIAX. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.51%
-0.51%
VBAIX
VBIAX

Volatility

VBAIX vs. VBIAX - Volatility Comparison

Vanguard Balanced Index Fund Institutional Shares (VBAIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX) have volatilities of 2.46% and 2.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%JuneJulyAugustSeptemberOctoberNovember
2.46%
2.46%
VBAIX
VBIAX