VBTLX vs. VSBSX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX).
VBTLX is managed by Vanguard. It was launched on Nov 12, 2001. VSBSX is managed by Vanguard. It was launched on Dec 28, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBTLX or VSBSX.
Performance
VBTLX vs. VSBSX - Performance Comparison
Returns By Period
In the year-to-date period, VBTLX achieves a 1.37% return, which is significantly lower than VSBSX's 3.42% return. Over the past 10 years, VBTLX has outperformed VSBSX with an annualized return of 1.34%, while VSBSX has yielded a comparatively lower 1.14% annualized return.
VBTLX
1.37%
-0.73%
2.94%
6.22%
-0.35%
1.34%
VSBSX
3.42%
-0.20%
2.88%
4.97%
1.06%
1.14%
Key characteristics
| VBTLX | VSBSX | |
|---|---|---|
| Sharpe Ratio | 1.12 | 2.76 |
| Sortino Ratio | 1.66 | 4.33 |
| Omega Ratio | 1.20 | 1.60 |
| Calmar Ratio | 0.42 | 1.72 |
| Martin Ratio | 3.61 | 13.52 |
| Ulcer Index | 1.75% | 0.37% |
| Daily Std Dev | 5.64% | 1.82% |
| Max Drawdown | -19.05% | -6.54% |
| Current Drawdown | -9.27% | -0.82% |
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VBTLX vs. VSBSX - Expense Ratio Comparison
VBTLX has a 0.05% expense ratio, which is lower than VSBSX'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%.
Correlation
The correlation between VBTLX and VSBSX is 0.72, 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.
Risk-Adjusted Performance
VBTLX vs. VSBSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). 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
VBTLX vs. VSBSX - Dividend Comparison
VBTLX's dividend yield for the trailing twelve months is around 3.60%, less than VSBSX's 4.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.60% | 3.11% | 2.51% | 1.90% | 2.23% | 2.74% | 2.78% | 2.51% | 2.49% | 2.48% | 2.55% | 2.56% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 4.12% | 3.29% | 1.12% | 0.33% | 1.11% | 2.27% | 1.80% | 1.09% | 0.81% | 0.67% | 0.40% | 0.27% |
Drawdowns
VBTLX vs. VSBSX - Drawdown Comparison
The maximum VBTLX drawdown since its inception was -19.05%, which is greater than VSBSX's maximum drawdown of -6.54%. Use the drawdown chart below to compare losses from any high point for VBTLX and VSBSX. For additional features, visit the drawdowns tool.
Volatility
VBTLX vs. VSBSX - Volatility Comparison
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a higher volatility of 1.48% compared to Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) at 0.36%. This indicates that VBTLX's price experiences larger fluctuations and is considered to be riskier than VSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.