VBIIX vs. VBTIX
Compare and contrast key facts about Vanguard Intermediate-Term Bond Index Fund (VBIIX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX).
VBIIX is managed by Vanguard. It was launched on Mar 1, 1994. VBTIX is managed by Vanguard. It was launched on Sep 18, 1995.
Performance
VBIIX vs. VBTIX - Performance Comparison
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VBIIX vs. VBTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBIIX Vanguard Intermediate-Term Bond Index Fund | -0.67% | 8.12% | 1.44% | 5.67% | -13.34% | -2.73% | 9.72% | 10.11% | -0.24% | 3.78% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | -0.28% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | -0.24% | 3.56% |
Returns By Period
In the year-to-date period, VBIIX achieves a -0.67% return, which is significantly lower than VBTIX's -0.28% return. Over the past 10 years, VBIIX has outperformed VBTIX with an annualized return of 1.83%, while VBTIX has yielded a comparatively lower 1.61% annualized return.
VBIIX
- 1D
- 0.29%
- 1M
- -1.88%
- YTD
- -0.67%
- 6M
- 0.15%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.26%
- 10Y*
- 1.83%
VBTIX
- 1D
- 0.21%
- 1M
- -1.63%
- YTD
- -0.28%
- 6M
- 0.40%
- 1Y
- 3.67%
- 3Y*
- 3.52%
- 5Y*
- 0.20%
- 10Y*
- 1.61%
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VBIIX vs. VBTIX - Expense Ratio Comparison
VBIIX has a 0.15% expense ratio, which is higher than VBTIX's 0.04% 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
VBIIX vs. VBTIX — Risk / Return Rank
VBIIX
VBTIX
VBIIX vs. VBTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index Fund (VBIIX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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.
| VBIIX | VBTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.93 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.34 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.67 | -0.10 |
Martin ratioReturn relative to average drawdown | 5.17 | 4.72 | +0.46 |
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
| VBIIX | VBTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.93 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.03 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.33 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.95 | -0.11 |
Correlation
The correlation between VBIIX and VBTIX is 0.95, 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
VBIIX vs. VBTIX - Dividend Comparison
VBIIX's dividend yield for the trailing twelve months is around 3.70%, more than VBTIX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIIX Vanguard Intermediate-Term Bond Index Fund | 3.70% | 3.61% | 3.71% | 2.72% | 2.30% | 2.99% | 2.85% | 2.66% | 2.78% | 2.66% | 2.98% | 3.02% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.62% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
Drawdowns
VBIIX vs. VBTIX - Drawdown Comparison
The maximum VBIIX drawdown since its inception was -19.32%, roughly equal to the maximum VBTIX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for VBIIX and VBTIX.
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Drawdown Indicators
| VBIIX | VBTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.32% | -18.90% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -2.73% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -18.13% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -19.32% | -18.90% | -0.42% |
Current DrawdownCurrent decline from peak | -2.96% | -2.94% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.32% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.97% | 0.00% |
Volatility
VBIIX vs. VBTIX - Volatility Comparison
Vanguard Intermediate-Term Bond Index Fund (VBIIX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) have volatilities of 1.62% and 1.55%, 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
| VBIIX | VBTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.55% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.58% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 4.36% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 5.99% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 4.97% | +0.38% |