VBINX vs. VTTVX

Last updated Jun 23, 2026

VBINX (Vanguard Balanced Index Fund) and VTTVX (Vanguard Target Retirement 2025 Fund) are both Diversified Portfolio funds from Vanguard. Over the past 10 years, VBINX returned 9.93%/yr vs 8.01%/yr for VTTVX. With a 0.97 correlation, they move nearly in lockstep. VBINX charges 0.18%/yr vs 0.08%/yr for VTTVX.

Performance

VBINX vs. VTTVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Balanced Index Fund (VBINX) and Vanguard Target Retirement 2025 Fund (VTTVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VBINX having a 6.64% return and VTTVX slightly lower at 6.57%. Over the past 10 years, VBINX has outperformed VTTVX with an annualized return of 9.93%, while VTTVX has yielded a comparatively lower 8.01% annualized return.

VBINX

• 1D: 0.78%
• 1M: 0.87%
• YTD: 6.64%
• 6M: 6.23%
• 1Y: 18.06%
• 3Y*: 15.03%
• 5Y*: 8.31%
• 10Y*: 9.93%

VTTVX

• 1D: 0.66%
• 1M: 1.24%
• YTD: 6.57%
• 6M: 6.58%
• 1Y: 16.48%
• 3Y*: 12.16%
• 5Y*: 6.14%
• 10Y*: 8.01%

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

VBINX vs. VTTVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBINX Vanguard Balanced Index Fund	6.64%	13.46%	17.63%	17.41%	-16.98%	13.62%	16.26%	21.67%	-2.97%	13.75%
VTTVX Vanguard Target Retirement 2025 Fund	6.57%	14.63%	9.23%	14.76%	-15.57%	9.78%	13.31%	19.63%	-5.14%	13.68%

Correlation

The correlation between VBINX and VTTVX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 27, 2003	0.97

The correlation between VBINX and VTTVX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

VBINX vs. VTTVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBINX

VBINX Risk / Return Rank: 68
VBINX Sharpe Ratio Rank: 63
VBINX Sortino Ratio Rank: 64
VBINX Omega Ratio Rank: 62
VBINX Calmar Ratio Rank: 70
VBINX Martin Ratio Rank: 79

VTTVX

VTTVX Risk / Return Rank: 69
VTTVX Sharpe Ratio Rank: 70
VTTVX Sortino Ratio Rank: 72
VTTVX Omega Ratio Rank: 72
VTTVX Calmar Ratio Rank: 63
VTTVX Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VBINX vs. VTTVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund (VBINX) and Vanguard Target Retirement 2025 Fund (VTTVX). 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.

	VBINX	VTTVX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.25	-0.09
Sortino ratio: Return per unit of downside risk	3.04	3.20	-0.16
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	3.09	2.93	+0.16
Martin ratio: Return relative to average drawdown	13.68	12.55	+1.13

VBINX vs. VTTVX - Sharpe Ratio Comparison

The current VBINX Sharpe Ratio is 2.15, which is comparable to the VTTVX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of VBINX and VTTVX, 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

VBINX vs. VTTVX - Drawdown Comparison

The maximum VBINX drawdown since its inception was -35.97%, smaller than the maximum VTTVX drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for VBINX and VTTVX.

Drawdown Indicators

	VBINX	VTTVX	Difference
Max Drawdown Largest peak-to-trough decline	-35.97%	-46.03%	+10.06%
Max Drawdown (1Y) Largest decline over 1 year	-5.84%	-5.57%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-11.60%	-7.84%	-3.76%
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	-21.52%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-22.78%	-22.51%	-0.27%
Current Drawdown Current decline from peak	-0.64%	-0.23%	-0.41%
Average Drawdown Average peak-to-trough decline	-4.14%	-5.04%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	1.30%	+0.01%

Volatility

VBINX vs. VTTVX - Volatility Comparison

Vanguard Balanced Index Fund (VBINX) has a higher volatility of 3.32% compared to Vanguard Target Retirement 2025 Fund (VTTVX) at 2.96%. This indicates that VBINX's price experiences larger fluctuations and is considered to be riskier than VTTVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBINX	VTTVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	2.96%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	6.73%	6.08%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	8.37%	7.26%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	9.15%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.27%	9.96%	+1.31%

VBINX vs. VTTVX - Expense Ratio Comparison

VBINX has a 0.18% expense ratio, which is higher than VTTVX's 0.08% 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

VBINX vs. VTTVX - Dividend Comparison

VBINX's dividend yield for the trailing twelve months is around 5.14%, less than VTTVX's 6.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VBINX Vanguard Balanced Index Fund	5.14%	5.89%	7.88%	4.25%	2.71%	2.71%	2.54%	2.19%	2.20%	1.83%	1.97%	1.95%
VTTVX Vanguard Target Retirement 2025 Fund	6.93%	7.38%	7.63%	3.96%	2.96%	16.28%	4.35%	2.57%	3.14%	0.47%	2.68%	4.98%

Frequently Asked Questions

Can I hold both VBINX and VTTVX in my portfolio?

With a correlation of 0.97, VBINX and VTTVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VBINX or VTTVX?

VBINX has higher volatility (3.32%) compared to VTTVX (2.96%). In terms of maximum drawdown, VBINX dropped -35.97% vs VTTVX's -46.03%.

Which has better risk-adjusted returns?

VTTVX currently has the higher Sharpe Ratio (2.25 vs 2.15), 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.