VBIAX vs. VBAIX
Compare and contrast key facts about Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX).
VBIAX is managed by Vanguard. It was launched on Nov 13, 2000. VBAIX is managed by Vanguard. It was launched on Dec 1, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIAX or VBAIX.
Performance
VBIAX vs. VBAIX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VBIAX having a 14.07% return and VBAIX slightly higher at 14.08%. Both investments have delivered pretty close results over the past 10 years, with VBIAX having a 7.54% annualized return and VBAIX not far ahead at 7.56%.
VBIAX
14.07%
-0.24%
8.01%
18.80%
7.36%
7.54%
VBAIX
14.08%
-0.24%
8.03%
18.81%
7.36%
7.56%
Key characteristics
| VBIAX | VBAIX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.20 |
| Sortino Ratio | 2.98 | 2.98 |
| Omega Ratio | 1.42 | 1.42 |
| Calmar Ratio | 1.77 | 1.77 |
| Martin Ratio | 13.30 | 13.33 |
| Ulcer Index | 1.43% | 1.43% |
| Daily Std Dev | 8.64% | 8.63% |
| Max Drawdown | -35.90% | -35.82% |
| Current Drawdown | -1.75% | -1.75% |
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VBIAX vs. VBAIX - Expense Ratio Comparison
VBIAX has a 0.07% expense ratio, which is higher than VBAIX's 0.06% 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%.
Correlation
The correlation between VBIAX and VBAIX 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.
Risk-Adjusted Performance
VBIAX vs. VBAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). 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.
Dividends
VBIAX vs. VBAIX - Dividend Comparison
VBIAX's dividend yield for the trailing twelve months is around 2.04%, which matches VBAIX's 2.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | 2.04% | 2.04% | 1.93% | 1.39% | 1.66% | 2.12% | 2.32% | 1.95% | 2.09% | 2.09% | 1.92% | 1.85% |
VBAIX Vanguard Balanced Index Fund Institutional Shares | 2.06% | 2.05% | 1.94% | 1.39% | 1.66% | 2.13% | 2.32% | 1.96% | 2.10% | 2.10% | 1.93% | 1.85% |
Drawdowns
VBIAX vs. VBAIX - Drawdown Comparison
The maximum VBIAX drawdown since its inception was -35.90%, roughly equal to the maximum VBAIX drawdown of -35.82%. Use the drawdown chart below to compare losses from any high point for VBIAX and VBAIX. For additional features, visit the drawdowns tool.
Volatility
VBIAX vs. VBAIX - Volatility Comparison
Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX) have volatilities of 2.62% and 2.62%, 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.