VBLIX vs. VGSH
Compare and contrast key facts about Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) and Vanguard Short-Term Treasury ETF (VGSH).
VBLIX is managed by Vanguard. It was launched on Oct 6, 2011. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBLIX or VGSH.
Key characteristics
| VBLIX | VGSH | |
|---|---|---|
| YTD Return | -2.10% | 3.22% |
| 1Y Return | 10.73% | 5.24% |
| 3Y Return (Ann) | -8.49% | 1.11% |
| 5Y Return (Ann) | -3.43% | 1.23% |
| 10Y Return (Ann) | 1.18% | 1.25% |
| Sharpe Ratio | 0.88 | 2.78 |
| Sortino Ratio | 1.32 | 4.50 |
| Omega Ratio | 1.15 | 1.59 |
| Calmar Ratio | 0.29 | 2.21 |
| Martin Ratio | 2.49 | 15.13 |
| Ulcer Index | 4.26% | 0.35% |
| Daily Std Dev | 12.05% | 1.91% |
| Max Drawdown | -40.07% | -5.70% |
| Current Drawdown | -29.67% | -0.97% |
Correlation
The correlation between VBLIX and VGSH is 0.55, 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.
Performance
VBLIX vs. VGSH - Performance Comparison
In the year-to-date period, VBLIX achieves a -2.10% return, which is significantly lower than VGSH's 3.22% return. Over the past 10 years, VBLIX has underperformed VGSH with an annualized return of 1.18%, while VGSH has yielded a comparatively higher 1.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VBLIX vs. VGSH - Expense Ratio Comparison
Both VBLIX and VGSH have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VBLIX vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) and Vanguard Short-Term Treasury ETF (VGSH). 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
VBLIX vs. VGSH - Dividend Comparison
VBLIX's dividend yield for the trailing twelve months is around 4.49%, more than VGSH's 4.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBLIX Vanguard Long-Term Bond Index Fund Institutional Plus | 4.49% | 4.11% | 4.00% | 2.88% | 2.98% | 3.47% | 4.01% | 3.71% | 4.03% | 4.26% | 4.05% | 4.66% |
VGSH Vanguard Short-Term Treasury ETF | 4.16% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
VBLIX vs. VGSH - Drawdown Comparison
The maximum VBLIX drawdown since its inception was -40.07%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for VBLIX and VGSH. For additional features, visit the drawdowns tool.
Volatility
VBLIX vs. VGSH - Volatility Comparison
Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) has a higher volatility of 4.27% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.37%. This indicates that VBLIX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.