VBIPX vs. VCSH
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and Vanguard Short-Term Corporate Bond ETF (VCSH).
VBIPX is managed by Vanguard. It was launched on Sep 29, 2011. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIPX or VCSH.
Key characteristics
| VBIPX | VCSH | |
|---|---|---|
| YTD Return | 3.14% | 4.41% |
| 1Y Return | 5.53% | 7.33% |
| 3Y Return (Ann) | 0.60% | 1.51% |
| 5Y Return (Ann) | 1.18% | 1.91% |
| 10Y Return (Ann) | 1.52% | 2.30% |
| Sharpe Ratio | 2.10 | 3.13 |
| Sortino Ratio | 3.37 | 5.09 |
| Omega Ratio | 1.43 | 1.65 |
| Calmar Ratio | 1.29 | 2.14 |
| Martin Ratio | 9.91 | 18.73 |
| Ulcer Index | 0.62% | 0.43% |
| Daily Std Dev | 2.94% | 2.55% |
| Max Drawdown | -8.87% | -12.86% |
| Current Drawdown | -1.45% | -1.04% |
Correlation
The correlation between VBIPX and VCSH is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VBIPX vs. VCSH - Performance Comparison
In the year-to-date period, VBIPX achieves a 3.14% return, which is significantly lower than VCSH's 4.41% return. Over the past 10 years, VBIPX has underperformed VCSH with an annualized return of 1.52%, while VCSH has yielded a comparatively higher 2.30% 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. VCSH - Expense Ratio Comparison
Both VBIPX and VCSH have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VBIPX vs. VCSH - 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 Short-Term Corporate Bond ETF (VCSH). 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. VCSH - Dividend Comparison
VBIPX's dividend yield for the trailing twelve months is around 3.27%, less than VCSH's 3.82% 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% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.82% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
VBIPX vs. VCSH - Drawdown Comparison
The maximum VBIPX drawdown since its inception was -8.87%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for VBIPX and VCSH. For additional features, visit the drawdowns tool.
Volatility
VBIPX vs. VCSH - Volatility Comparison
Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and Vanguard Short-Term Corporate Bond ETF (VCSH) have volatilities of 0.70% and 0.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.