VBIRX vs. BSV
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Vanguard Short-Term Bond ETF (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 Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIRX or BSV.
Key characteristics
| VBIRX | BSV | |
|---|---|---|
| YTD Return | 3.12% | 3.22% |
| 1Y Return | 5.50% | 5.54% |
| 3Y Return (Ann) | 0.57% | 0.73% |
| 5Y Return (Ann) | 1.15% | 1.24% |
| 10Y Return (Ann) | 1.47% | 1.57% |
| Sharpe Ratio | 2.11 | 2.35 |
| Sortino Ratio | 3.38 | 3.68 |
| Omega Ratio | 1.43 | 1.46 |
| Calmar Ratio | 1.26 | 1.39 |
| Martin Ratio | 10.34 | 10.50 |
| Ulcer Index | 0.59% | 0.59% |
| Daily Std Dev | 2.91% | 2.62% |
| Max Drawdown | -8.91% | -8.54% |
| Current Drawdown | -1.46% | -1.39% |
Correlation
The correlation between VBIRX and BSV is 0.76, 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
VBIRX vs. BSV - Performance Comparison
The year-to-date returns for both investments are quite close, with VBIRX having a 3.12% return and BSV slightly higher at 3.22%. Over the past 10 years, VBIRX has underperformed BSV with an annualized return of 1.47%, while BSV has yielded a comparatively higher 1.57% 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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VBIRX vs. BSV - Expense Ratio Comparison
VBIRX has a 0.07% expense ratio, which is higher than BSV's 0.04% 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%.
Risk-Adjusted Performance
VBIRX vs. BSV - Risk-Adjusted Performance 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 ETF (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.
Dividends
VBIRX vs. BSV - Dividend Comparison
VBIRX's dividend yield for the trailing twelve months is around 3.24%, which matches BSV's 3.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | 3.24% | 2.41% | 1.44% | 1.17% | 1.78% | 2.23% | 2.04% | 1.53% | 1.48% | 1.32% | 1.20% | 1.21% |
BSV Vanguard Short-Term Bond ETF | 3.26% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
Drawdowns
VBIRX vs. BSV - Drawdown Comparison
The maximum VBIRX drawdown since its inception was -8.91%, 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. For additional features, visit the drawdowns tool.
Volatility
VBIRX vs. BSV - Volatility Comparison
Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) has a higher volatility of 0.61% compared to Vanguard Short-Term Bond ETF (BSV) at 0.57%. This indicates that VBIRX's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.