VBITX vs. VIPIX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) and Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX).
VBITX is managed by Vanguard. It was launched on Sep 27, 2011. VIPIX is managed by Vanguard. It was launched on Dec 12, 2003.
Performance
VBITX vs. VIPIX - Performance Comparison
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VBITX vs. VIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBITX Vanguard Short-Term Bond Index Fund Institutional Shares | -0.32% | 6.11% | 3.77% | 4.43% | -5.61% | -1.18% | 4.72% | 4.89% | 1.38% | 1.20% |
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 0.32% | 6.98% | 1.85% | 3.85% | -11.93% | 5.73% | 11.05% | 8.18% | -1.40% | 2.97% |
Returns By Period
In the year-to-date period, VBITX achieves a -0.32% return, which is significantly lower than VIPIX's 0.32% return. Over the past 10 years, VBITX has underperformed VIPIX with an annualized return of 1.87%, while VIPIX has yielded a comparatively higher 2.58% annualized return.
VBITX
- 1D
- 0.20%
- 1M
- -1.25%
- YTD
- -0.32%
- 6M
- 0.87%
- 1Y
- 3.67%
- 3Y*
- 3.99%
- 5Y*
- 1.51%
- 10Y*
- 1.87%
VIPIX
- 1D
- 0.64%
- 1M
- -1.37%
- YTD
- 0.32%
- 6M
- 0.46%
- 1Y
- 2.99%
- 3Y*
- 3.12%
- 5Y*
- 1.40%
- 10Y*
- 2.58%
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VBITX vs. VIPIX - Expense Ratio Comparison
VBITX has a 0.05% expense ratio, which is lower than VIPIX's 0.07% 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%.
Return for Risk
VBITX vs. VIPIX — Risk / Return Rank
VBITX
VIPIX
VBITX vs. VIPIX - 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 Inflation-Protected Securities Fund Institutional Shares (VIPIX). 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 | VIPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.84 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.80 | 1.18 | +1.62 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.43 | +1.36 |
Martin ratioReturn relative to average drawdown | 10.38 | 4.28 | +6.10 |
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 | VIPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.84 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.23 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.48 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.61 | -0.60 |
Correlation
The correlation between VBITX and VIPIX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VBITX vs. VIPIX - Dividend Comparison
VBITX's dividend yield for the trailing twelve months is around 3.62%, less than VIPIX's 4.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBITX Vanguard Short-Term Bond Index Fund Institutional Shares | 3.62% | 3.85% | 3.39% | 1.99% | 1.48% | 1.24% | 1.80% | 2.26% | 2.03% | 1.69% | 1.52% | 1.44% |
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 4.48% | 4.77% | 4.20% | 4.34% | 8.49% | 5.16% | 1.41% | 2.32% | 3.15% | 2.45% | 3.50% | 0.91% |
Drawdowns
VBITX vs. VIPIX - Drawdown Comparison
The maximum VBITX drawdown since its inception was -79.18%, which is greater than VIPIX's maximum drawdown of -15.04%. Use the drawdown chart below to compare losses from any high point for VBITX and VIPIX.
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Drawdown Indicators
| VBITX | VIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.18% | -15.04% | -64.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -2.82% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -8.61% | -14.33% | +5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -79.18% | -14.33% | -64.85% |
Current DrawdownCurrent decline from peak | -74.94% | -1.37% | -73.57% |
Average DrawdownAverage peak-to-trough decline | -45.89% | -3.38% | -42.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.94% | -0.53% |
Volatility
VBITX vs. VIPIX - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) is 0.75%, while Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) has a volatility of 1.46%. This indicates that VBITX experiences smaller price fluctuations and is considered to be less risky than VIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBITX | VIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.46% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 2.39% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 4.17% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 6.03% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 160.21% | 5.38% | +154.83% |