VBTIX vs. VTINX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Vanguard Target Retirement Income Fund (VTINX).
VBTIX is managed by Vanguard. It was launched on Sep 18, 1995. VTINX is managed by Vanguard. It was launched on Oct 27, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBTIX or VTINX.
Key characteristics
| VBTIX | VTINX | |
|---|---|---|
| YTD Return | 1.37% | 7.10% |
| 1Y Return | 7.85% | 13.79% |
| 3Y Return (Ann) | -2.40% | 1.05% |
| 5Y Return (Ann) | -0.28% | 4.01% |
| 10Y Return (Ann) | 1.36% | 4.27% |
| Sharpe Ratio | 1.36 | 2.72 |
| Sortino Ratio | 2.02 | 4.21 |
| Omega Ratio | 1.24 | 1.53 |
| Calmar Ratio | 0.50 | 1.44 |
| Martin Ratio | 4.71 | 17.12 |
| Ulcer Index | 1.67% | 0.81% |
| Daily Std Dev | 5.79% | 5.10% |
| Max Drawdown | -19.01% | -19.96% |
| Current Drawdown | -9.20% | -1.23% |
Correlation
The correlation between VBTIX and VTINX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VBTIX vs. VTINX - Performance Comparison
In the year-to-date period, VBTIX achieves a 1.37% return, which is significantly lower than VTINX's 7.10% return. Over the past 10 years, VBTIX has underperformed VTINX with an annualized return of 1.36%, while VTINX has yielded a comparatively higher 4.27% 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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VBTIX vs. VTINX - Expense Ratio Comparison
VBTIX has a 0.04% expense ratio, which is lower than VTINX's 0.08% 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
VBTIX vs. VTINX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) and Vanguard Target Retirement Income Fund (VTINX). 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
VBTIX vs. VTINX - Dividend Comparison
VBTIX's dividend yield for the trailing twelve months is around 3.61%, more than VTINX's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.61% | 3.12% | 2.54% | 1.91% | 2.25% | 2.74% | 2.78% | 2.53% | 2.49% | 2.51% | 2.57% | 2.56% |
VTINX Vanguard Target Retirement Income Fund | 3.27% | 2.98% | 2.71% | 2.59% | 1.65% | 2.51% | 2.69% | 2.10% | 1.94% | 1.84% | 1.84% | 1.63% |
Drawdowns
VBTIX vs. VTINX - Drawdown Comparison
The maximum VBTIX drawdown since its inception was -19.01%, roughly equal to the maximum VTINX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for VBTIX and VTINX. For additional features, visit the drawdowns tool.
Volatility
VBTIX vs. VTINX - Volatility Comparison
Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) has a higher volatility of 1.77% compared to Vanguard Target Retirement Income Fund (VTINX) at 1.38%. This indicates that VBTIX's price experiences larger fluctuations and is considered to be riskier than VTINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.