VBIRX vs. BSV
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV).
VBIRX is managed by Vanguard. It was launched on Nov 12, 2001. BSV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VBIRX vs. BSV - Performance Comparison
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VBIRX vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | -0.23% | 6.09% | 3.75% | 4.87% | -5.63% | -1.20% | 4.69% | 4.86% | 1.37% | 1.18% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.16% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Returns By Period
In the year-to-date period, VBIRX achieves a -0.23% return, which is significantly lower than BSV's 0.16% return. Both investments have delivered pretty close results over the past 10 years, with VBIRX having a 1.90% annualized return and BSV not far ahead at 1.97%.
VBIRX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.23%
- 6M
- 0.77%
- 1Y
- 3.65%
- 3Y*
- 4.15%
- 5Y*
- 1.60%
- 10Y*
- 1.90%
BSV
- 1D
- 0.02%
- 1M
- -0.57%
- YTD
- 0.16%
- 6M
- 1.15%
- 1Y
- 4.05%
- 3Y*
- 4.27%
- 5Y*
- 1.68%
- 10Y*
- 1.97%
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VBIRX vs. BSV - Expense Ratio Comparison
VBIRX has a 0.07% expense ratio, which is higher than BSV's 0.03% expense ratio. However, 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
VBIRX vs. BSV — Risk / Return Rank
VBIRX
BSV
VBIRX vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| VBIRX | BSV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.04 | -0.46 |
Sortino ratioReturn per unit of downside risk | 2.58 | 3.25 | -0.67 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.23 | -0.51 |
Martin ratioReturn relative to average drawdown | 9.87 | 12.23 | -2.36 |
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
| VBIRX | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.04 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.62 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.83 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.86 | +0.11 |
Correlation
The correlation between VBIRX and BSV is 0.77, 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.
Dividends
VBIRX vs. BSV - Dividend Comparison
VBIRX's dividend yield for the trailing twelve months is around 3.60%, less than BSV's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | 3.60% | 3.83% | 3.37% | 2.41% | 1.46% | 1.22% | 1.77% | 2.24% | 2.03% | 1.66% | 1.50% | 1.41% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.93% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
Drawdowns
VBIRX vs. BSV - Drawdown Comparison
The maximum VBIRX drawdown since its inception was -8.69%, roughly equal to the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for VBIRX and BSV.
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Drawdown Indicators
| VBIRX | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.69% | -8.54% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -1.29% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -8.54% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -8.69% | -8.54% | -0.15% |
Current DrawdownCurrent decline from peak | -1.16% | -0.76% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -0.98% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.34% | +0.08% |
Volatility
VBIRX vs. BSV - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) is 0.71%, while Vanguard Short-Term Bond Index Fund ETF Shares (BSV) has a volatility of 0.78%. This indicates that VBIRX experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIRX | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.78% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 1.19% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 2.00% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 2.71% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 2.37% | +0.02% |