VBIRX vs. VIVIX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Vanguard Value Index Fund Institutional Shares (VIVIX).
VBIRX is managed by Vanguard. It was launched on Nov 12, 2001. VIVIX is managed by Vanguard. It was launched on Jul 2, 1998.
Performance
VBIRX vs. VIVIX - Performance Comparison
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VBIRX vs. VIVIX - 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% |
VIVIX Vanguard Value Index Fund Institutional Shares | 3.31% | 15.30% | 15.99% | 9.23% | -2.05% | 26.50% | 2.30% | 25.83% | -5.44% | 17.14% |
Returns By Period
In the year-to-date period, VBIRX achieves a -0.23% return, which is significantly lower than VIVIX's 3.31% return. Over the past 10 years, VBIRX has underperformed VIVIX with an annualized return of 1.90%, while VIVIX has yielded a comparatively higher 11.80% 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%
VIVIX
- 1D
- 1.65%
- 1M
- -4.61%
- YTD
- 3.31%
- 6M
- 6.13%
- 1Y
- 16.30%
- 3Y*
- 15.09%
- 5Y*
- 10.86%
- 10Y*
- 11.80%
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VBIRX vs. VIVIX - Expense Ratio Comparison
VBIRX has a 0.07% expense ratio, which is higher than VIVIX'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%.
Return for Risk
VBIRX vs. VIVIX — Risk / Return Rank
VBIRX
VIVIX
VBIRX vs. VIVIX - 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 Value Index Fund Institutional Shares (VIVIX). 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 | VIVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.09 | +0.49 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.56 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 1.53 | +1.18 |
Martin ratioReturn relative to average drawdown | 9.87 | 6.90 | +2.96 |
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 | VIVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.09 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.78 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.71 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.40 | +0.57 |
Correlation
The correlation between VBIRX and VIVIX is -0.19. 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
VBIRX vs. VIVIX - Dividend Comparison
VBIRX's dividend yield for the trailing twelve months is around 3.60%, more than VIVIX's 2.02% 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% |
VIVIX Vanguard Value Index Fund Institutional Shares | 2.02% | 2.04% | 2.31% | 2.46% | 2.52% | 2.15% | 2.55% | 2.50% | 2.73% | 2.30% | 2.46% | 2.61% |
Drawdowns
VBIRX vs. VIVIX - Drawdown Comparison
The maximum VBIRX drawdown since its inception was -8.69%, smaller than the maximum VIVIX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for VBIRX and VIVIX.
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Drawdown Indicators
| VBIRX | VIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.69% | -59.30% | +50.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -11.29% | +9.75% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -17.12% | +8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -8.69% | -36.80% | +28.11% |
Current DrawdownCurrent decline from peak | -1.16% | -4.82% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -9.31% | +8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.50% | -2.08% |
Volatility
VBIRX vs. VIVIX - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) is 0.71%, while Vanguard Value Index Fund Institutional Shares (VIVIX) has a volatility of 3.80%. This indicates that VBIRX experiences smaller price fluctuations and is considered to be less risky than VIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIRX | VIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 3.80% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 7.69% | -6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 14.88% | -12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 13.92% | -10.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 16.74% | -14.35% |