VBIRX vs. FSHBX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Fidelity Short-Term Bond Fund (FSHBX).
VBIRX is managed by Vanguard. It was launched on Nov 12, 2001. FSHBX is managed by Fidelity. It was launched on Sep 15, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIRX or FSHBX.
Key characteristics
| VBIRX | FSHBX | |
|---|---|---|
| YTD Return | 3.12% | 4.32% |
| 1Y Return | 5.50% | 5.99% |
| 3Y Return (Ann) | 0.57% | 1.78% |
| 5Y Return (Ann) | 1.15% | 1.58% |
| 10Y Return (Ann) | 1.47% | 1.61% |
| Sharpe Ratio | 2.11 | 2.96 |
| Sortino Ratio | 3.38 | 5.10 |
| Omega Ratio | 1.43 | 1.77 |
| Calmar Ratio | 1.26 | 3.41 |
| Martin Ratio | 10.34 | 18.50 |
| Ulcer Index | 0.59% | 0.33% |
| Daily Std Dev | 2.91% | 2.09% |
| Max Drawdown | -8.91% | -6.54% |
| Current Drawdown | -1.46% | -0.70% |
Correlation
The correlation between VBIRX and FSHBX is 0.74, 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. FSHBX - Performance Comparison
In the year-to-date period, VBIRX achieves a 3.12% return, which is significantly lower than FSHBX's 4.32% return. Over the past 10 years, VBIRX has underperformed FSHBX with an annualized return of 1.47%, while FSHBX has yielded a comparatively higher 1.61% 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. FSHBX - Expense Ratio Comparison
VBIRX has a 0.07% expense ratio, which is lower than FSHBX's 0.45% expense ratio.
Risk-Adjusted Performance
VBIRX vs. FSHBX - 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 Fidelity Short-Term Bond Fund (FSHBX). 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. FSHBX - Dividend Comparison
VBIRX's dividend yield for the trailing twelve months is around 3.24%, less than FSHBX's 4.00% 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% |
FSHBX Fidelity Short-Term Bond Fund | 4.00% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
Drawdowns
VBIRX vs. FSHBX - Drawdown Comparison
The maximum VBIRX drawdown since its inception was -8.91%, which is greater than FSHBX's maximum drawdown of -6.54%. Use the drawdown chart below to compare losses from any high point for VBIRX and FSHBX. For additional features, visit the drawdowns tool.
Volatility
VBIRX vs. FSHBX - Volatility Comparison
Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Fidelity Short-Term Bond Fund (FSHBX) have volatilities of 0.61% and 0.59%, 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.