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.
Key characteristics
| VBIPX | IEI | |
|---|---|---|
| YTD Return | 3.35% | 1.96% |
| 1Y Return | 6.38% | 6.19% |
| 3Y Return (Ann) | 0.54% | -1.45% |
| 5Y Return (Ann) | 1.26% | 0.18% |
| 10Y Return (Ann) | 1.55% | 1.19% |
| Sharpe Ratio | 2.06 | 1.24 |
| Sortino Ratio | 3.29 | 1.85 |
| Omega Ratio | 1.42 | 1.23 |
| Calmar Ratio | 1.17 | 0.47 |
| Martin Ratio | 10.05 | 4.12 |
| Ulcer Index | 0.60% | 1.36% |
| Daily Std Dev | 2.94% | 4.53% |
| Max Drawdown | -8.87% | -14.60% |
| Current Drawdown | -1.25% | -6.56% |
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
In the year-to-date period, VBIPX achieves a 3.35% return, which is significantly higher than IEI's 1.96% return. Over the past 10 years, VBIPX has outperformed IEI with an annualized return of 1.55%, while IEI has yielded a comparatively lower 1.19% 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. 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 3.26%, more than IEI's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.26% | 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 | 3.09% | 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 0.68%, while iShares 3-7 Year Treasury Bond ETF (IEI) has a volatility of 1.08%. 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.