VBIPX vs. BND
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and Vanguard Total Bond Market ETF (BND).
VBIPX is managed by Vanguard. It was launched on Sep 29, 2011. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIPX or BND.
Key characteristics
| VBIPX | BND | |
|---|---|---|
| YTD Return | 3.14% | 1.55% |
| 1Y Return | 5.53% | 6.53% |
| 3Y Return (Ann) | 0.60% | -2.38% |
| 5Y Return (Ann) | 1.18% | -0.27% |
| 10Y Return (Ann) | 1.52% | 1.40% |
| Sharpe Ratio | 2.10 | 1.34 |
| Sortino Ratio | 3.37 | 1.98 |
| Omega Ratio | 1.43 | 1.24 |
| Calmar Ratio | 1.29 | 0.51 |
| Martin Ratio | 9.91 | 4.70 |
| Ulcer Index | 0.62% | 1.67% |
| Daily Std Dev | 2.94% | 5.84% |
| Max Drawdown | -8.87% | -18.84% |
| Current Drawdown | -1.45% | -9.21% |
Correlation
The correlation between VBIPX and BND is 0.74, 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
VBIPX vs. BND - Performance Comparison
In the year-to-date period, VBIPX achieves a 3.14% return, which is significantly higher than BND's 1.55% return. Over the past 10 years, VBIPX has outperformed BND with an annualized return of 1.52%, while BND has yielded a comparatively lower 1.40% annualized return. 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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VBIPX vs. BND - Expense Ratio Comparison
VBIPX has a 0.04% expense ratio, which is higher than BND's 0.03% 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
VBIPX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and Vanguard Total Bond Market ETF (BND). 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
VBIPX vs. BND - Dividend Comparison
VBIPX's dividend yield for the trailing twelve months is around 3.27%, less than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.27% | 2.43% | 1.47% | 1.22% | 1.82% | 2.27% | 2.04% | 1.56% | 1.51% | 1.37% | 1.37% | 1.27% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
VBIPX vs. BND - Drawdown Comparison
The maximum VBIPX drawdown since its inception was -8.87%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VBIPX and BND. For additional features, visit the drawdowns tool.
Volatility
VBIPX vs. BND - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) is 0.70%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.70%. This indicates that VBIPX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.