VBIIX vs. VNQ
Compare and contrast key facts about Vanguard Intermediate-Term Bond Index Fund (VBIIX) and Vanguard Real Estate ETF (VNQ).
VBIIX is managed by Vanguard. It was launched on Mar 1, 1994. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Real Estate 25/50 Index. It was launched on Sep 23, 2004.
Performance
VBIIX vs. VNQ - Performance Comparison
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VBIIX vs. VNQ - 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% |
VNQ Vanguard Real Estate ETF | 1.67% | 3.24% | 4.81% | 11.85% | -26.25% | 40.54% | -4.61% | 28.91% | -6.03% | 4.90% |
Returns By Period
In the year-to-date period, VBIIX achieves a -0.67% return, which is significantly lower than VNQ's 1.67% return. Over the past 10 years, VBIIX has underperformed VNQ with an annualized return of 1.83%, while VNQ has yielded a comparatively higher 4.69% 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%
VNQ
- 1D
- 0.36%
- 1M
- -6.21%
- YTD
- 1.67%
- 6M
- -0.84%
- 1Y
- 2.18%
- 3Y*
- 6.57%
- 5Y*
- 2.86%
- 10Y*
- 4.69%
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VBIIX vs. VNQ - Expense Ratio Comparison
VBIIX has a 0.15% expense ratio, which is higher than VNQ's 0.13% 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. VNQ — Risk / Return Rank
VBIIX
VNQ
VBIIX vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index Fund (VBIIX) and Vanguard Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.13 | +0.84 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.30 | +1.12 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.04 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.18 | +1.39 |
Martin ratioReturn relative to average drawdown | 5.17 | 0.70 | +4.48 |
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 | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.13 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.15 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.23 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.26 | +0.58 |
Correlation
The correlation between VBIIX and VNQ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VBIIX vs. VNQ - Dividend Comparison
VBIIX's dividend yield for the trailing twelve months is around 3.70%, less than VNQ's 3.92% 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% |
VNQ Vanguard Real Estate ETF | 3.92% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Drawdowns
VBIIX vs. VNQ - Drawdown Comparison
The maximum VBIIX drawdown since its inception was -19.32%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for VBIIX and VNQ.
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Drawdown Indicators
| VBIIX | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.32% | -73.07% | +53.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -12.44% | +9.26% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -34.48% | +15.55% |
Max Drawdown (10Y)Largest decline over 10 years | -19.32% | -42.40% | +23.08% |
Current DrawdownCurrent decline from peak | -2.96% | -9.24% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -13.71% | +10.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.21% | -2.24% |
Volatility
VBIIX vs. VNQ - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond Index Fund (VBIIX) is 1.62%, while Vanguard Real Estate ETF (VNQ) has a volatility of 4.57%. This indicates that VBIIX experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIIX | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 4.57% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 9.28% | -6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 16.31% | -11.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 18.80% | -12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 20.70% | -15.35% |