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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIIX or VBTIX.
Key characteristics
| VBIIX | VBTIX | |
|---|---|---|
| YTD Return | 1.39% | 1.37% |
| 1Y Return | 6.59% | 6.68% |
| 3Y Return (Ann) | -2.61% | -2.39% |
| 5Y Return (Ann) | -0.44% | -0.27% |
| 10Y Return (Ann) | 1.40% | 1.36% |
| Sharpe Ratio | 1.33 | 1.36 |
| Sortino Ratio | 1.98 | 2.02 |
| Omega Ratio | 1.24 | 1.24 |
| Calmar Ratio | 0.47 | 0.51 |
| Martin Ratio | 4.44 | 4.66 |
| Ulcer Index | 1.80% | 1.68% |
| Daily Std Dev | 6.03% | 5.79% |
| Max Drawdown | -20.78% | -19.01% |
| Current Drawdown | -11.05% | -9.20% |
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.
Performance
VBIIX vs. VBTIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with VBIIX having a 1.39% return and VBTIX slightly lower at 1.37%. Both investments have delivered pretty close results over the past 10 years, with VBIIX having a 1.40% annualized return and VBTIX not far behind at 1.36%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
VBIIX vs. VBTIX - Risk-Adjusted Performance 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.
Dividends
VBIIX vs. VBTIX - Dividend Comparison
VBIIX's dividend yield for the trailing twelve months is around 3.60%, which matches VBTIX's 3.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIIX Vanguard Intermediate-Term Bond Index Fund | 3.60% | 3.00% | 2.28% | 1.85% | 2.17% | 2.65% | 2.79% | 2.57% | 2.57% | 2.69% | 2.75% | 2.98% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.61% | 3.12% | 2.54% | 1.91% | 2.25% | 2.74% | 2.78% | 2.53% | 2.49% | 2.51% | 2.57% | 2.56% |
Drawdowns
VBIIX vs. VBTIX - Drawdown Comparison
The maximum VBIIX drawdown since its inception was -20.78%, which is greater than VBTIX's maximum drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for VBIIX and VBTIX. For additional features, visit the drawdowns tool.
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 1.68% and 1.66%, 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.