VBIRX vs. DODIX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Dodge & Cox Income Fund (DODIX).
VBIRX is managed by Vanguard. It was launched on Nov 12, 2001. DODIX is managed by Dodge & Cox.
Performance
VBIRX vs. DODIX - Performance Comparison
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VBIRX vs. DODIX - 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% |
DODIX Dodge & Cox Income Fund | 0.04% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, VBIRX achieves a -0.23% return, which is significantly lower than DODIX's 0.04% return. Over the past 10 years, VBIRX has underperformed DODIX with an annualized return of 1.90%, while DODIX has yielded a comparatively higher 3.05% annualized return.
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%
DODIX
- 1D
- 0.24%
- 1M
- -1.57%
- YTD
- 0.04%
- 6M
- 1.01%
- 1Y
- 4.93%
- 3Y*
- 4.98%
- 5Y*
- 1.39%
- 10Y*
- 3.05%
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VBIRX vs. DODIX - Expense Ratio Comparison
VBIRX has a 0.07% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
VBIRX vs. DODIX — Risk / Return Rank
VBIRX
DODIX
VBIRX vs. DODIX - 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 Dodge & Cox Income Fund (DODIX). 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 | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.17 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.67 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.88 | +0.84 |
Martin ratioReturn relative to average drawdown | 9.87 | 5.55 | +4.32 |
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 | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.17 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.25 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.69 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 1.48 | -0.51 |
Correlation
The correlation between VBIRX and DODIX is 0.73, 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. DODIX - Dividend Comparison
VBIRX's dividend yield for the trailing twelve months is around 3.60%, less than DODIX's 4.28% 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% |
DODIX Dodge & Cox Income Fund | 4.28% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
VBIRX vs. DODIX - Drawdown Comparison
The maximum VBIRX drawdown since its inception was -8.69%, smaller than the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for VBIRX and DODIX.
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Drawdown Indicators
| VBIRX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.69% | -16.89% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -2.94% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -16.89% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -8.69% | -16.89% | +8.20% |
Current DrawdownCurrent decline from peak | -1.16% | -2.09% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -1.50% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.99% | -0.57% |
Volatility
VBIRX vs. DODIX - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) is 0.71%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.82%. This indicates that VBIRX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIRX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 1.82% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 2.80% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 4.60% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 5.52% | -2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 4.42% | -2.03% |