VBIPX vs. VFIAX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and Vanguard 500 Index Fund Admiral Shares (VFIAX).
VBIPX is managed by Vanguard. It was launched on Sep 29, 2011. VFIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
VBIPX vs. VFIAX - Performance Comparison
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VBIPX vs. VFIAX - 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% |
VFIAX Vanguard 500 Index Fund Admiral Shares | -7.06% | 17.83% | 24.97% | 26.24% | -18.16% | 28.65% | 18.32% | 31.46% | -4.45% | 21.78% |
Returns By Period
In the year-to-date period, VBIPX achieves a -0.32% return, which is significantly higher than VFIAX's -7.06% return. Over the past 10 years, VBIPX has underperformed VFIAX with an annualized return of 1.87%, while VFIAX has yielded a comparatively higher 13.71% 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%
VFIAX
- 1D
- -0.39%
- 1M
- -7.69%
- YTD
- -7.06%
- 6M
- -4.61%
- 1Y
- 14.41%
- 3Y*
- 17.14%
- 5Y*
- 11.37%
- 10Y*
- 13.71%
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VBIPX vs. VFIAX - Expense Ratio Comparison
Both VBIPX and VFIAX 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%.
Return for Risk
VBIPX vs. VFIAX — Risk / Return Rank
VBIPX
VFIAX
VBIPX vs. VFIAX - 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 Vanguard 500 Index Fund Admiral Shares (VFIAX). 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 | VFIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.84 | +0.87 |
Sortino ratioReturn per unit of downside risk | 2.83 | 1.30 | +1.53 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.06 | +1.74 |
Martin ratioReturn relative to average drawdown | 10.37 | 5.13 | +5.24 |
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 | VFIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.84 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.68 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.76 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.43 | +0.35 |
Correlation
The correlation between VBIPX and VFIAX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VBIPX vs. VFIAX - Dividend Comparison
VBIPX's dividend yield for the trailing twelve months is around 3.63%, more than VFIAX's 1.22% 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% |
VFIAX Vanguard 500 Index Fund Admiral Shares | 1.22% | 1.12% | 1.24% | 1.45% | 1.68% | 1.24% | 1.53% | 1.87% | 2.05% | 1.78% | 2.02% | 2.10% |
Drawdowns
VBIPX vs. VFIAX - Drawdown Comparison
The maximum VBIPX drawdown since its inception was -8.72%, smaller than the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for VBIPX and VFIAX.
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Drawdown Indicators
| VBIPX | VFIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -55.20% | +46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -12.12% | +10.58% |
Max Drawdown (5Y)Largest decline over 5 years | -8.69% | -24.53% | +15.84% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -33.83% | +25.11% |
Current DrawdownCurrent decline from peak | -1.25% | -8.90% | +7.65% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -9.46% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.49% | -2.07% |
Volatility
VBIPX vs. VFIAX - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) is 0.75%, while Vanguard 500 Index Fund Admiral Shares (VFIAX) has a volatility of 4.24%. This indicates that VBIPX experiences smaller price fluctuations and is considered to be less risky than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIPX | VFIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 4.24% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 9.08% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 18.13% | -15.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 16.86% | -13.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 18.03% | -15.64% |