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VCPIX vs. TRBUX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VCPIXTRBUX
YTD Return3.34%5.59%
1Y Return10.36%7.09%
3Y Return (Ann)-1.51%3.55%
Sharpe Ratio1.724.14
Sortino Ratio2.5312.27
Omega Ratio1.315.34
Calmar Ratio0.7135.60
Martin Ratio7.0373.62
Ulcer Index1.36%0.10%
Daily Std Dev5.56%1.71%
Max Drawdown-17.33%-4.15%
Current Drawdown-4.45%0.00%

Correlation

-0.50.00.51.00.3

The correlation between VCPIX and TRBUX is 0.29, 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

VCPIX vs. TRBUX - Performance Comparison

In the year-to-date period, VCPIX achieves a 3.34% return, which is significantly lower than TRBUX's 5.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.58%
3.25%
VCPIX
TRBUX

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VCPIX vs. TRBUX - Expense Ratio Comparison

VCPIX has a 0.30% expense ratio, which is lower than TRBUX's 0.31% expense ratio.


TRBUX
T. Rowe Price Ultra Short-Term Bond Fund
Expense ratio chart for TRBUX: current value at 0.31% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.31%
Expense ratio chart for VCPIX: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%

Risk-Adjusted Performance

VCPIX vs. TRBUX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). 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.


VCPIX
Sharpe ratio
The chart of Sharpe ratio for VCPIX, currently valued at 1.72, compared to the broader market0.002.004.001.72
Sortino ratio
The chart of Sortino ratio for VCPIX, currently valued at 2.53, compared to the broader market0.005.0010.002.53
Omega ratio
The chart of Omega ratio for VCPIX, currently valued at 1.31, compared to the broader market1.002.003.004.001.31
Calmar ratio
The chart of Calmar ratio for VCPIX, currently valued at 0.71, compared to the broader market0.005.0010.0015.0020.0025.000.71
Martin ratio
The chart of Martin ratio for VCPIX, currently valued at 7.03, compared to the broader market0.0020.0040.0060.0080.00100.007.03
TRBUX
Sharpe ratio
The chart of Sharpe ratio for TRBUX, currently valued at 4.14, compared to the broader market0.002.004.004.14
Sortino ratio
The chart of Sortino ratio for TRBUX, currently valued at 12.27, compared to the broader market0.005.0010.0012.27
Omega ratio
The chart of Omega ratio for TRBUX, currently valued at 5.34, compared to the broader market1.002.003.004.005.34
Calmar ratio
The chart of Calmar ratio for TRBUX, currently valued at 35.60, compared to the broader market0.005.0010.0015.0020.0025.0035.60
Martin ratio
The chart of Martin ratio for TRBUX, currently valued at 73.62, compared to the broader market0.0020.0040.0060.0080.00100.0073.62

VCPIX vs. TRBUX - Sharpe Ratio Comparison

The current VCPIX Sharpe Ratio is 1.72, which is lower than the TRBUX Sharpe Ratio of 4.14. The chart below compares the historical Sharpe Ratios of VCPIX and TRBUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
1.72
4.14
VCPIX
TRBUX

Dividends

VCPIX vs. TRBUX - Dividend Comparison

VCPIX's dividend yield for the trailing twelve months is around 4.70%, less than TRBUX's 5.02% yield.


TTM20232022202120202019201820172016201520142013
VCPIX
Vanguard Core-Plus Bond Fund Investor Shares
4.70%4.48%3.16%0.26%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TRBUX
T. Rowe Price Ultra Short-Term Bond Fund
5.02%4.02%1.97%1.11%1.83%2.72%2.58%1.88%1.20%0.80%0.42%0.06%

Drawdowns

VCPIX vs. TRBUX - Drawdown Comparison

The maximum VCPIX drawdown since its inception was -17.33%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for VCPIX and TRBUX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.45%
0
VCPIX
TRBUX

Volatility

VCPIX vs. TRBUX - Volatility Comparison

Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) has a higher volatility of 1.50% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.41%. This indicates that VCPIX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
1.50%
0.41%
VCPIX
TRBUX