VBIIX vs. VT

Last updated Aug 1, 2026

VBIIX (Vanguard Intermediate-Term Bond Index Fund) and VT (Vanguard Total World Stock ETF) are both funds - VBIIX is a Intermediate Core Bond fund managed by Vanguard, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. Over the past 10 years, VBIIX returned 1.48%/yr vs 12.39%/yr for VT. Their -0.17 correlation means they have often moved in opposite directions in the past. VBIIX charges 0.15%/yr vs 0.06%/yr for VT.

Performance

VBIIX vs. VT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Bond Index Fund (VBIIX) and Vanguard Total World Stock ETF (VT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VBIIX achieves a -1.09% return, which is significantly lower than VT's 11.15% return. Over the past 10 years, VBIIX has underperformed VT with an annualized return of 1.48%, while VT has yielded a comparatively higher 12.39% annualized return.

VBIIX

• 1D: 0.10%
• 1M: -1.06%
• 6M: -1.06%
• YTD: -1.09%
• 1Y: 1.26%
• 3Y*: 3.87%
• 5Y*: -0.52%
• 10Y*: 1.48%
• ALL TIME*: 4.57%

VT

• 1D: 0.26%
• 1M: -0.20%
• 6M: 7.80%
• YTD: 11.15%
• 1Y: 23.51%
• 3Y*: 18.19%
• 5Y*: 10.58%
• 10Y*: 12.39%
• ALL TIME*: 8.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VBIIX Vanguard Intermediate-Term Bond Index Fund	$0.00	$0.00	$0.00
VT Vanguard Total World Stock ETF	$425.08M	$369.63M	$481.55M

VBIIX vs. VT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBIIX Vanguard Intermediate-Term Bond Index Fund	-1.09%	8.12%	1.44%	5.67%	-13.34%	-2.73%	9.72%	10.11%	-0.24%	3.78%
VT Vanguard Total World Stock ETF	11.15%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%

Correlation

The correlation between VBIIX and VT is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.25
Correlation (5Y) Shows whether the relationship held over a longer period.	0.18
Correlation (10Y) Provides a long-term view across more market conditions.	0.01
Correlation (All Time) Calculated using the full available price history since Jun 26, 2008	-0.17

The correlation between VBIIX and VT shifts across timeframes, from -0.17 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VBIIX vs. VT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VBIIX

VBIIX Risk / Return Rank: 16
VBIIX Sharpe Ratio Rank: 17
VBIIX Sortino Ratio Rank: 16
VBIIX Omega Ratio Rank: 15
VBIIX Calmar Ratio Rank: 15
VBIIX Martin Ratio Rank: 14

VT

VT Risk / Return Rank: 70
VT Sharpe Ratio Rank: 71
VT Sortino Ratio Rank: 69
VT Omega Ratio Rank: 69
VT Calmar Ratio Rank: 67
VT Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VBIIX vs. VT - 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 World Stock ETF (VT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VBIIX	VT	Difference
Sharpe ratio: Return per unit of total volatility	0.63	1.59	-0.95
Sortino ratio: Return per unit of downside risk	0.95	2.23	-1.28
Omega ratio: Gain probability vs. loss probability	1.11	1.29	-0.18
Calmar ratio: Return relative to maximum drawdown	0.75	2.29	-1.54
Martin ratio: Return relative to average drawdown	1.80	9.54	-7.74

VBIIX vs. VT - Sharpe Ratio Comparison

The current VBIIX Sharpe Ratio is 0.63, which is lower than the VT Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VBIIX and VT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VBIIX vs. VT - Drawdown Comparison

The maximum VBIIX drawdown since its inception was -19.32%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for VBIIX and VT.

Drawdown Indicators

	VBIIX	VT	Difference
Max Drawdown Largest peak-to-trough decline	-19.32%	-50.27%	+30.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.44%	-9.67%	+6.23%
Max Drawdown (3Y) Largest decline over 3 years	-5.21%	-16.51%	+11.30%
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	-26.38%	+7.45%
Max Drawdown (10Y) Largest decline over 10 years	-19.32%	-34.24%	+14.92%
Current Drawdown Current decline from peak	-3.37%	-1.84%	-1.53%
Average Drawdown Average peak-to-trough decline	-2.98%	-6.97%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	2.32%	-0.88%

Volatility

VBIIX vs. VT - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Bond Index Fund (VBIIX) is 1.03%, while Vanguard Total World Stock ETF (VT) has a volatility of 3.99%. This indicates that VBIIX experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBIIX	VT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	3.99%	-2.96%
Volatility (6M) Calculated over the trailing 6-month period	3.26%	11.68%	-8.42%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	13.96%	-9.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.38%	16.22%	-9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.35%	17.18%	-11.83%

VBIIX vs. VT - Expense Ratio Comparison

VBIIX has a 0.15% expense ratio, which is higher than VT'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%.

Dividends

VBIIX vs. VT - Dividend Comparison

VBIIX's dividend yield for the trailing twelve months is around 3.86%, more than VT's 1.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VBIIX Vanguard Intermediate-Term Bond Index Fund	3.86%	3.61%	3.71%	2.72%	2.30%	2.99%	2.85%	2.66%	2.78%	2.66%	2.98%	3.02%
VT Vanguard Total World Stock ETF	1.59%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both VBIIX and VT in my portfolio?

VBIIX and VT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VBIIX or VT?

VT has higher volatility (3.99%) compared to VBIIX (1.03%). In terms of maximum drawdown, VBIIX dropped -19.32% vs VT's -50.27%.

Which has better risk-adjusted returns?

VT currently has the higher Sharpe Ratio (1.59 vs 0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.