VBITX vs. SCHZ
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) and Schwab U.S. Aggregate Bond ETF (SCHZ).
VBITX is managed by Vanguard. It was launched on Sep 27, 2011. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jul 14, 2011.
Performance
VBITX vs. SCHZ - Performance Comparison
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VBITX vs. SCHZ - 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 0.13% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
Returns By Period
In the year-to-date period, VBITX achieves a -0.23% return, which is significantly lower than SCHZ's 0.13% return. Over the past 10 years, VBITX has outperformed SCHZ with an annualized return of 1.88%, while SCHZ has yielded a comparatively lower 1.62% 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%
SCHZ
- 1D
- 0.08%
- 1M
- -1.32%
- YTD
- 0.13%
- 6M
- 0.79%
- 1Y
- 4.07%
- 3Y*
- 3.59%
- 5Y*
- 0.21%
- 10Y*
- 1.62%
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VBITX vs. SCHZ - Expense Ratio Comparison
VBITX has a 0.05% expense ratio, which is higher than SCHZ'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. SCHZ — Risk / Return Rank
VBITX
SCHZ
VBITX vs. SCHZ - 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 Schwab U.S. Aggregate Bond ETF (SCHZ). 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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.96 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.36 | +1.22 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.79 | +0.93 |
Martin ratioReturn relative to average drawdown | 9.98 | 5.11 | +4.87 |
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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.96 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.04 | +0.49 |
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 | 0.44 | -0.43 |
Correlation
The correlation between VBITX and SCHZ is 0.72, 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. SCHZ - Dividend Comparison
VBITX's dividend yield for the trailing twelve months is around 3.61%, less than SCHZ's 4.10% 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.10% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
Drawdowns
VBITX vs. SCHZ - Drawdown Comparison
The maximum VBITX drawdown since its inception was -79.18%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for VBITX and SCHZ.
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Drawdown Indicators
| VBITX | SCHZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.18% | -18.74% | -60.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -2.51% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -8.61% | -18.01% | +9.40% |
Max Drawdown (10Y)Largest decline over 10 years | -79.18% | -18.74% | -60.44% |
Current DrawdownCurrent decline from peak | -74.91% | -2.63% | -72.28% |
Average DrawdownAverage peak-to-trough decline | -45.90% | -3.70% | -42.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.88% | -0.46% |
Volatility
VBITX vs. SCHZ - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) is 0.73%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.66%. This indicates that VBITX experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBITX | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.66% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 2.50% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 4.29% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 6.06% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.21% | 5.40% | +154.81% |