VBITX vs. SHY
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) and iShares 1-3 Year Treasury Bond ETF (SHY).
VBITX is managed by Vanguard. It was launched on Sep 27, 2011. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBITX or SHY.
Correlation
The correlation between VBITX and SHY is -0.11. 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.
Performance
VBITX vs. SHY - Performance Comparison
Key characteristics
VBITX:
2.50
SHY:
3.71
VBITX:
4.15
SHY:
6.55
VBITX:
1.54
SHY:
1.84
VBITX:
1.96
SHY:
6.25
VBITX:
9.96
SHY:
17.97
VBITX:
0.65%
SHY:
0.34%
VBITX:
2.61%
SHY:
1.63%
VBITX:
-8.88%
SHY:
-5.73%
VBITX:
-0.29%
SHY:
0.00%
Returns By Period
In the year-to-date period, VBITX achieves a 1.89% return, which is significantly lower than SHY's 2.04% return. Over the past 10 years, VBITX has outperformed SHY with an annualized return of 1.67%, while SHY has yielded a comparatively lower 1.40% annualized return.
VBITX
1.89%
0.49%
2.33%
6.72%
1.04%
1.67%
SHY
2.04%
0.78%
2.53%
6.17%
1.10%
1.40%
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VBITX vs. SHY - Expense Ratio Comparison
VBITX has a 0.05% expense ratio, which is lower than SHY's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VBITX vs. SHY — Risk-Adjusted Performance Rank
VBITX
SHY
VBITX vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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
VBITX vs. SHY - Dividend Comparison
VBITX's dividend yield for the trailing twelve months is around 3.19%, less than SHY's 3.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBITX Vanguard Short-Term Bond Index Fund Institutional Shares | 3.19% | 3.40% | 2.41% | 1.47% | 1.20% | 1.81% | 2.27% | 2.04% | 1.55% | 1.51% | 1.35% | 1.23% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.94% | 3.92% | 2.99% | 1.30% | 0.24% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% | 0.36% |
Drawdowns
VBITX vs. SHY - Drawdown Comparison
The maximum VBITX drawdown since its inception was -8.88%, which is greater than SHY's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for VBITX and SHY. For additional features, visit the drawdowns tool.
Volatility
VBITX vs. SHY - Volatility Comparison
Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) has a higher volatility of 0.97% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.56%. This indicates that VBITX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.