VBIPX vs. SGOV
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
VBIPX is managed by Vanguard. It was launched on Sep 29, 2011. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.
Performance
VBIPX vs. SGOV - Performance Comparison
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VBIPX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | -0.32% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 1.23% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.86% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, VBIPX achieves a -0.32% return, which is significantly lower than SGOV's 0.86% 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%
SGOV
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.86%
- 6M
- 1.88%
- 1Y
- 4.07%
- 3Y*
- 4.79%
- 5Y*
- 3.40%
- 10Y*
- —
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VBIPX vs. SGOV - Expense Ratio Comparison
VBIPX has a 0.04% expense ratio, which is lower than SGOV's 0.09% 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%.
Return for Risk
VBIPX vs. SGOV — Risk / Return Rank
VBIPX
SGOV
VBIPX vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 20.61 | -18.90 |
Sortino ratioReturn per unit of downside risk | 2.83 | 284.11 | -281.28 |
Omega ratioGain probability vs. loss probability | 1.35 | 201.50 | -200.15 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 408.95 | -406.15 |
Martin ratioReturn relative to average drawdown | 10.37 | 4,591.55 | -4,581.18 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 20.61 | -18.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 14.11 | -13.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 12.33 | -11.55 |
Correlation
The correlation between VBIPX and SGOV is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VBIPX vs. SGOV - Dividend Comparison
VBIPX's dividend yield for the trailing twelve months is around 3.63%, less than SGOV's 3.99% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.99% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VBIPX vs. SGOV - Drawdown Comparison
The maximum VBIPX drawdown since its inception was -8.72%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VBIPX and SGOV.
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Drawdown Indicators
| VBIPX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -0.03% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -0.01% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -8.69% | -0.03% | -8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | 0.00% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -1.19% | 0.00% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.00% | +0.42% |
Volatility
VBIPX vs. SGOV - Volatility Comparison
Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) has a higher volatility of 0.75% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that VBIPX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIPX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.06% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 0.13% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 0.20% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 0.24% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 0.24% | +2.15% |