VFSIX vs. VBIAX
Compare and contrast key facts about Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX).
VFSIX is managed by Vanguard. It was launched on Sep 30, 1997. VBIAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
VFSIX vs. VBIAX - Performance Comparison
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VFSIX vs. VBIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFSIX Vanguard Short-Term Investment-Grade Fund Institutional Shares | -0.38% | 6.89% | 5.12% | 5.88% | -5.72% | -0.59% | 5.28% | 5.88% | 1.00% | 2.15% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | -4.19% | 13.61% | 14.58% | 17.54% | -16.90% | 14.21% | 16.40% | 21.78% | -2.86% | 13.89% |
Returns By Period
In the year-to-date period, VFSIX achieves a -0.38% return, which is significantly higher than VBIAX's -4.19% return. Over the past 10 years, VFSIX has underperformed VBIAX with an annualized return of 2.59%, while VBIAX has yielded a comparatively higher 8.77% annualized return.
VFSIX
- 1D
- 0.19%
- 1M
- -1.42%
- YTD
- -0.38%
- 6M
- 0.78%
- 1Y
- 4.38%
- 3Y*
- 5.16%
- 5Y*
- 2.28%
- 10Y*
- 2.59%
VBIAX
- 1D
- -0.06%
- 1M
- -5.43%
- YTD
- -4.19%
- 6M
- -2.40%
- 1Y
- 10.89%
- 3Y*
- 11.56%
- 5Y*
- 6.33%
- 10Y*
- 8.77%
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VFSIX vs. VBIAX - Expense Ratio Comparison
Both VFSIX and VBIAX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VFSIX vs. VBIAX — Risk / Return Rank
VFSIX
VBIAX
VFSIX vs. VBIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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.
| VFSIX | VBIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 1.01 | +0.93 |
Sortino ratioReturn per unit of downside risk | 3.20 | 1.51 | +1.69 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.31 | +1.67 |
Martin ratioReturn relative to average drawdown | 12.10 | 6.22 | +5.89 |
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
| VFSIX | VBIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.01 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.58 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.79 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 0.60 | +0.92 |
Correlation
The correlation between VFSIX and VBIAX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VFSIX vs. VBIAX - Dividend Comparison
VFSIX's dividend yield for the trailing twelve months is around 4.32%, less than VBIAX's 5.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSIX Vanguard Short-Term Investment-Grade Fund Institutional Shares | 4.32% | 4.61% | 4.19% | 2.88% | 2.06% | 1.81% | 2.35% | 2.95% | 2.80% | 2.13% | 2.17% | 2.12% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | 5.84% | 6.00% | 5.27% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% |
Drawdowns
VFSIX vs. VBIAX - Drawdown Comparison
The maximum VFSIX drawdown since its inception was -9.21%, smaller than the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for VFSIX and VBIAX.
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Drawdown Indicators
| VFSIX | VBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.21% | -35.90% | +26.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.71% | -7.78% | +6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | -21.53% | +12.32% |
Max Drawdown (10Y)Largest decline over 10 years | -9.21% | -22.78% | +13.57% |
Current DrawdownCurrent decline from peak | -1.42% | -5.83% | +4.41% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -4.47% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 1.64% | -1.22% |
Volatility
VFSIX vs. VBIAX - Volatility Comparison
The current volatility for Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) is 0.75%, while Vanguard Balanced Index Fund Admiral Shares (VBIAX) has a volatility of 3.07%. This indicates that VFSIX experiences smaller price fluctuations and is considered to be less risky than VBIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFSIX | VBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 3.07% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 5.93% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 11.27% | -8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 11.02% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 11.17% | -8.70% |