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.
Performance
VBIAX vs. VBAIX - Performance Comparison
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VBIAX vs. VBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | -4.19% | 13.61% | 14.58% | 17.54% | -16.90% | 14.21% | 16.40% | 21.78% | -2.86% | 13.89% |
VBAIX Vanguard Balanced Index Fund Institutional Shares | -4.19% | 13.60% | 17.78% | 17.55% | -16.87% | 14.20% | 16.40% | 21.79% | -2.83% | 13.86% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VBIAX at -4.19% and VBAIX at -4.19%. Both investments have delivered pretty close results over the past 10 years, with VBIAX having a 8.77% annualized return and VBAIX not far ahead at 9.08%.
VBIAX
- 1D
- -0.06%
- 1M
- -5.43%
- YTD
- -4.19%
- 6M
- -2.40%
- 1Y
- 10.89%
- 3Y*
- 11.56%
- 5Y*
- 6.33%
- 10Y*
- 8.77%
VBAIX
- 1D
- -0.08%
- 1M
- -5.44%
- YTD
- -4.19%
- 6M
- -2.39%
- 1Y
- 10.88%
- 3Y*
- 12.60%
- 5Y*
- 6.93%
- 10Y*
- 9.08%
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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%.
Return for Risk
VBIAX vs. VBAIX — Risk / Return Rank
VBIAX
VBAIX
VBIAX vs. VBAIX - Risk-Adjusted Trends 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.
| VBIAX | VBAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.01 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.50 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.31 | 0.00 |
Martin ratioReturn relative to average drawdown | 6.22 | 6.21 | +0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBIAX | VBAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.01 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.63 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.81 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.62 | -0.02 |
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.
Dividends
VBIAX vs. VBAIX - Dividend Comparison
VBIAX's dividend yield for the trailing twelve months is around 5.84%, which matches VBAIX's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIAX Vanguard Balanced Index Fund Admiral Shares | 5.84% | 6.00% | 5.27% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% |
VBAIX Vanguard Balanced Index Fund Institutional Shares | 5.86% | 6.01% | 8.01% | 4.36% | 2.84% | 3.20% | 2.65% | 2.29% | 2.33% | 1.96% | 2.10% | 2.10% |
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.
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Drawdown Indicators
| VBIAX | VBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.90% | -35.82% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -7.80% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -21.52% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -22.78% | -22.77% | -0.01% |
Current DrawdownCurrent decline from peak | -5.83% | -5.84% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -4.45% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.64% | 0.00% |
Volatility
VBIAX vs. VBAIX - Volatility Comparison
Vanguard Balanced Index Fund Admiral Shares (VBIAX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX) have volatilities of 3.07% and 3.07%, 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.
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Volatility by Period
| VBIAX | VBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.07% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 5.93% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 11.28% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 11.06% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.17% | 11.19% | -0.02% |