VBIPX vs. IEI
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and iShares 3-7 Year Treasury Bond ETF (IEI).
VBIPX is managed by Vanguard. It was launched on Sep 29, 2011. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIPX or IEI.
Correlation
The correlation between VBIPX and IEI is 0.83, 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. IEI - Performance Comparison
Key characteristics
VBIPX:
1.39
IEI:
0.44
VBIPX:
2.13
IEI:
0.64
VBIPX:
1.27
IEI:
1.08
VBIPX:
1.16
IEI:
0.17
VBIPX:
5.31
IEI:
1.13
VBIPX:
0.72%
IEI:
1.63%
VBIPX:
2.74%
IEI:
4.16%
VBIPX:
-8.87%
IEI:
-14.60%
VBIPX:
-1.25%
IEI:
-6.86%
Returns By Period
In the year-to-date period, VBIPX achieves a 3.35% return, which is significantly higher than IEI's 1.63% return. Over the past 10 years, VBIPX has outperformed IEI with an annualized return of 1.58%, while IEI has yielded a comparatively lower 1.16% annualized return.
VBIPX
3.35%
0.30%
2.48%
3.71%
1.22%
1.58%
IEI
1.63%
-0.05%
1.54%
1.83%
0.06%
1.16%
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VBIPX vs. IEI - Expense Ratio Comparison
VBIPX has a 0.04% expense ratio, which is lower than IEI's 0.15% expense ratio. Despite the difference, 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. IEI - 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 iShares 3-7 Year Treasury Bond ETF (IEI). 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. IEI - Dividend Comparison
VBIPX's dividend yield for the trailing twelve months is around 3.33%, more than IEI's 3.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.33% | 2.43% | 1.47% | 1.22% | 1.82% | 2.27% | 2.04% | 1.56% | 1.51% | 1.37% | 1.37% | 1.27% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.19% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% | 0.77% |
Drawdowns
VBIPX vs. IEI - Drawdown Comparison
The maximum VBIPX drawdown since its inception was -8.87%, smaller than the maximum IEI drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for VBIPX and IEI. For additional features, visit the drawdowns tool.
Volatility
VBIPX vs. IEI - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) is 0.67%, while iShares 3-7 Year Treasury Bond ETF (IEI) has a volatility of 1.07%. This indicates that VBIPX experiences smaller price fluctuations and is considered to be less risky than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.