VBISX vs. APSTX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund (VBISX) and Cavanal Hill Limited Duration Fund (APSTX).
VBISX is managed by Vanguard. It was launched on Mar 1, 1994. APSTX is managed by Cavanal Hill funds. It was launched on Oct 19, 1994.
Performance
VBISX vs. APSTX - Performance Comparison
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VBISX vs. APSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBISX Vanguard Short-Term Bond Index Fund | -0.34% | 5.67% | 3.66% | 4.54% | -5.61% | -1.35% | 4.63% | 4.78% | 1.27% | 1.10% |
APSTX Cavanal Hill Limited Duration Fund | -0.03% | 5.21% | 4.96% | 5.13% | -5.78% | -0.73% | 3.83% | 4.02% | 1.17% | 1.06% |
Returns By Period
In the year-to-date period, VBISX achieves a -0.34% return, which is significantly lower than APSTX's -0.03% return. Over the past 10 years, VBISX has underperformed APSTX with an annualized return of 1.76%, while APSTX has yielded a comparatively higher 1.85% annualized return.
VBISX
- 1D
- 0.20%
- 1M
- -1.25%
- YTD
- -0.34%
- 6M
- 0.83%
- 1Y
- 3.56%
- 3Y*
- 3.85%
- 5Y*
- 1.39%
- 10Y*
- 1.76%
APSTX
- 1D
- 0.21%
- 1M
- -1.27%
- YTD
- -0.03%
- 6M
- 1.09%
- 1Y
- 3.09%
- 3Y*
- 4.49%
- 5Y*
- 1.70%
- 10Y*
- 1.85%
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VBISX vs. APSTX - Expense Ratio Comparison
VBISX has a 0.15% expense ratio, which is lower than APSTX's 0.76% expense ratio.
Return for Risk
VBISX vs. APSTX — Risk / Return Rank
VBISX
APSTX
VBISX vs. APSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund (VBISX) and Cavanal Hill Limited Duration Fund (APSTX). 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.
| VBISX | APSTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.40 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.70 | 2.09 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.28 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.37 | +0.35 |
Martin ratioReturn relative to average drawdown | 9.96 | 7.86 | +2.11 |
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
| VBISX | APSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.40 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.68 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.88 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.77 | +0.57 |
Correlation
The correlation between VBISX and APSTX is 0.71, 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
VBISX vs. APSTX - Dividend Comparison
VBISX's dividend yield for the trailing twelve months is around 3.52%, more than APSTX's 2.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBISX Vanguard Short-Term Bond Index Fund | 3.52% | 3.44% | 3.29% | 2.10% | 1.38% | 1.16% | 1.72% | 2.16% | 1.92% | 1.58% | 1.42% | 1.34% |
APSTX Cavanal Hill Limited Duration Fund | 2.95% | 3.23% | 2.85% | 2.60% | 2.02% | 1.46% | 1.58% | 2.24% | 2.00% | 1.38% | 1.24% | 21.97% |
Drawdowns
VBISX vs. APSTX - Drawdown Comparison
The maximum VBISX drawdown since its inception was -8.79%, smaller than the maximum APSTX drawdown of -19.32%. Use the drawdown chart below to compare losses from any high point for VBISX and APSTX.
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Drawdown Indicators
| VBISX | APSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.79% | -19.32% | +10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -1.48% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -8.72% | -8.47% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -8.79% | -8.57% | -0.22% |
Current DrawdownCurrent decline from peak | -1.25% | -1.27% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -1.17% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.45% | -0.03% |
Volatility
VBISX vs. APSTX - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund (VBISX) is 0.74%, while Cavanal Hill Limited Duration Fund (APSTX) has a volatility of 0.87%. This indicates that VBISX experiences smaller price fluctuations and is considered to be less risky than APSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBISX | APSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.87% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 1.51% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 2.37% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.91% | 2.51% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.37% | 2.10% | +0.27% |