VBIPX vs. DODIX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and Dodge & Cox Income Fund (DODIX).
VBIPX is managed by Vanguard. It was launched on Sep 29, 2011. DODIX is managed by Dodge & Cox.
Performance
VBIPX vs. DODIX - Performance Comparison
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VBIPX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | -0.32% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, VBIPX achieves a -0.32% return, which is significantly lower than DODIX's -0.19% return. Over the past 10 years, VBIPX has underperformed DODIX with an annualized return of 1.87%, while DODIX has yielded a comparatively higher 3.02% annualized return.
VBIPX
- 1D
- 0.20%
- 1M
- -1.25%
- YTD
- -0.32%
- 6M
- 0.88%
- 1Y
- 3.67%
- 3Y*
- 4.00%
- 5Y*
- 1.50%
- 10Y*
- 1.87%
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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VBIPX vs. DODIX - Expense Ratio Comparison
VBIPX has a 0.04% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
VBIPX vs. DODIX — Risk / Return Rank
VBIPX
DODIX
VBIPX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and Dodge & Cox Income Fund (DODIX). 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.
| VBIPX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.15 | +0.56 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.65 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.02 | +0.78 |
Martin ratioReturn relative to average drawdown | 10.37 | 6.03 | +4.33 |
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
| VBIPX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.15 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.25 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.69 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.47 | -0.69 |
Correlation
The correlation between VBIPX and DODIX is 0.71, 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.
Dividends
VBIPX vs. DODIX - Dividend Comparison
VBIPX's dividend yield for the trailing twelve months is around 3.63%, less than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.63% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
VBIPX vs. DODIX - Drawdown Comparison
The maximum VBIPX drawdown since its inception was -8.72%, smaller than the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for VBIPX and DODIX.
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Drawdown Indicators
| VBIPX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -16.89% | +8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -2.94% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -8.69% | -16.89% | +8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -16.89% | +8.17% |
Current DrawdownCurrent decline from peak | -1.25% | -2.32% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -1.50% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.98% | -0.56% |
Volatility
VBIPX vs. DODIX - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) is 0.75%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that VBIPX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIPX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.85% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 2.80% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 4.61% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 5.52% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 4.42% | -2.03% |