VBITX vs. BND
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) and Vanguard Total Bond Market ETF (BND).
VBITX is managed by Vanguard. It was launched on Sep 27, 2011. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VBITX vs. BND - Performance Comparison
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VBITX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBITX Vanguard Short-Term Bond Index Fund Institutional Shares | -0.23% | 6.11% | 3.77% | 4.43% | -5.61% | -1.18% | 4.72% | 4.89% | 1.38% | 1.20% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, VBITX achieves a -0.23% return, which is significantly lower than BND's 0.09% return. Over the past 10 years, VBITX has outperformed BND with an annualized return of 1.88%, while BND has yielded a comparatively lower 1.68% annualized return.
VBITX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.23%
- 6M
- 0.78%
- 1Y
- 3.67%
- 3Y*
- 4.02%
- 5Y*
- 1.53%
- 10Y*
- 1.88%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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VBITX vs. BND - Expense Ratio Comparison
VBITX has a 0.05% expense ratio, which is higher than BND's 0.03% 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
VBITX vs. BND — Risk / Return Rank
VBITX
BND
VBITX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) and Vanguard Total Bond Market ETF (BND). 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.
| VBITX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.93 | +0.66 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.32 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.75 | +0.97 |
Martin ratioReturn relative to average drawdown | 9.98 | 4.78 | +5.20 |
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
| VBITX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.93 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.04 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.30 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.59 | -0.58 |
Correlation
The correlation between VBITX and BND is 0.75, 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
VBITX vs. BND - Dividend Comparison
VBITX's dividend yield for the trailing twelve months is around 3.61%, less than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBITX Vanguard Short-Term Bond Index Fund Institutional Shares | 3.61% | 3.85% | 3.39% | 1.99% | 1.48% | 1.24% | 1.80% | 2.26% | 2.03% | 1.69% | 1.52% | 1.44% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VBITX vs. BND - Drawdown Comparison
The maximum VBITX drawdown since its inception was -79.18%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VBITX and BND.
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Drawdown Indicators
| VBITX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.18% | -18.58% | -60.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -2.44% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -8.61% | -17.91% | +9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -79.18% | -18.58% | -60.60% |
Current DrawdownCurrent decline from peak | -74.91% | -2.54% | -72.37% |
Average DrawdownAverage peak-to-trough decline | -45.90% | -3.07% | -42.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.90% | -0.48% |
Volatility
VBITX vs. BND - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) is 0.73%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that VBITX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBITX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.63% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 2.52% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 4.30% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 6.00% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.21% | 5.52% | +154.69% |