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VBITX vs. VBTLX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VBITX vs. VBTLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). The values are adjusted to include any dividend payments, if applicable.

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VBITX vs. VBTLX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
-0.28%7.17%1.26%5.74%-13.16%-1.81%7.72%8.73%-0.25%3.56%

Returns By Period

In the year-to-date period, VBITX achieves a -0.23% return, which is significantly higher than VBTLX's -0.28% return. Over the past 10 years, VBITX has outperformed VBTLX with an annualized return of 1.88%, while VBTLX 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%

VBTLX

1D
0.21%
1M
-1.63%
YTD
-0.28%
6M
0.40%
1Y
3.66%
3Y*
3.51%
5Y*
0.19%
10Y*
1.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VBITX vs. VBTLX - Expense Ratio Comparison

Both VBITX and VBTLX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Return for Risk

VBITX vs. VBTLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VBITX
VBITX Risk / Return Rank: 8686
Overall Rank
VBITX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VBITX Sortino Ratio Rank: 9090
Sortino Ratio Rank
VBITX Omega Ratio Rank: 8080
Omega Ratio Rank
VBITX Calmar Ratio Rank: 9191
Calmar Ratio Rank
VBITX Martin Ratio Rank: 8989
Martin Ratio Rank

VBTLX
VBTLX Risk / Return Rank: 4646
Overall Rank
VBTLX Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
VBTLX Sortino Ratio Rank: 4242
Sortino Ratio Rank
VBTLX Omega Ratio Rank: 3030
Omega Ratio Rank
VBTLX Calmar Ratio Rank: 7070
Calmar Ratio Rank
VBTLX Martin Ratio Rank: 4545
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VBITX vs. VBTLX - 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 Index Fund Admiral Shares (VBTLX). 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.


VBITXVBTLXDifference

Sharpe ratio

Return per unit of total volatility

1.59

0.92

+0.66

Sortino ratio

Return per unit of downside risk

2.58

1.33

+1.24

Omega ratio

Gain probability vs. loss probability

1.32

1.16

+0.16

Calmar ratio

Return relative to maximum drawdown

2.73

1.66

+1.06

Martin ratio

Return relative to average drawdown

9.98

4.70

+5.28

VBITX vs. VBTLX - Sharpe Ratio Comparison

The current VBITX Sharpe Ratio is 1.59, which is higher than the VBTLX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of VBITX and VBTLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VBITXVBTLXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

0.92

+0.66

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.03

+0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.01

0.33

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

0.01

0.76

-0.75

Correlation

The correlation between VBITX and VBTLX is 0.81, 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. VBTLX - Dividend Comparison

VBITX's dividend yield for the trailing twelve months is around 3.61%, which matches VBTLX's 3.61% yield.


TTM20252024202320222021202020192018201720162015
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%
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
3.61%3.87%3.69%3.10%2.59%1.96%2.39%2.74%2.57%2.56%2.53%2.82%

Drawdowns

VBITX vs. VBTLX - Drawdown Comparison

The maximum VBITX drawdown since its inception was -79.18%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for VBITX and VBTLX.


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Drawdown Indicators


VBITXVBTLXDifference

Max Drawdown

Largest peak-to-trough decline

-79.18%

-18.81%

-60.37%

Max Drawdown (1Y)

Largest decline over 1 year

-1.54%

-2.73%

+1.19%

Max Drawdown (5Y)

Largest decline over 5 years

-8.61%

-18.14%

+9.53%

Max Drawdown (10Y)

Largest decline over 10 years

-79.18%

-18.81%

-60.37%

Current Drawdown

Current decline from peak

-74.91%

-2.86%

-72.05%

Average Drawdown

Average peak-to-trough decline

-45.90%

-2.67%

-43.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.42%

0.97%

-0.55%

Volatility

VBITX vs. VBTLX - Volatility Comparison

The current volatility for Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) is 0.73%, while Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a volatility of 1.55%. This indicates that VBITX experiences smaller price fluctuations and is considered to be less risky than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


VBITXVBTLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.73%

1.55%

-0.82%

Volatility (6M)

Calculated over the trailing 6-month period

1.50%

2.59%

-1.09%

Volatility (1Y)

Calculated over the trailing 1-year period

2.42%

4.36%

-1.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.93%

5.98%

-3.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

160.21%

4.97%

+155.24%