VGIVX vs. MDSIX
Compare and contrast key facts about Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) and Integrity Short Term Government Fund (MDSIX).
VGIVX is managed by Vanguard. It was launched on Feb 11, 2015. MDSIX is managed by MD Sass. It was launched on Jun 29, 2011.
Performance
VGIVX vs. MDSIX - Performance Comparison
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VGIVX vs. MDSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | -2.20% | 13.05% | 6.31% | 10.48% | -16.72% | -2.41% | 5.83% | 14.03% | -2.72% | 8.47% |
MDSIX Integrity Short Term Government Fund | 0.36% | 6.91% | 6.90% | 4.30% | -7.23% | -1.14% | 2.76% | 3.54% | 2.21% | 1.19% |
Returns By Period
In the year-to-date period, VGIVX achieves a -2.20% return, which is significantly lower than MDSIX's 0.36% return. Over the past 10 years, VGIVX has outperformed MDSIX with an annualized return of 3.50%, while MDSIX has yielded a comparatively lower 1.87% annualized return.
VGIVX
- 1D
- 0.04%
- 1M
- -3.76%
- YTD
- -2.20%
- 6M
- 0.55%
- 1Y
- 8.13%
- 3Y*
- 8.28%
- 5Y*
- 2.22%
- 10Y*
- 3.50%
MDSIX
- 1D
- 0.34%
- 1M
- -0.89%
- YTD
- 0.36%
- 6M
- 1.92%
- 1Y
- 5.21%
- 3Y*
- 5.51%
- 5Y*
- 1.95%
- 10Y*
- 1.87%
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VGIVX vs. MDSIX - Expense Ratio Comparison
VGIVX has a 0.18% expense ratio, which is lower than MDSIX's 0.55% expense ratio.
Return for Risk
VGIVX vs. MDSIX — Risk / Return Rank
VGIVX
MDSIX
VGIVX vs. MDSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) and Integrity Short Term Government Fund (MDSIX). 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.
| VGIVX | MDSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 2.34 | -0.47 |
Sortino ratioReturn per unit of downside risk | 2.65 | 3.77 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.48 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.35 | -2.22 |
Martin ratioReturn relative to average drawdown | 8.84 | 17.55 | -8.71 |
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
| VGIVX | MDSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.34 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.59 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.60 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.59 | +0.06 |
Correlation
The correlation between VGIVX and MDSIX is 0.37, 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.
Dividends
VGIVX vs. MDSIX - Dividend Comparison
VGIVX's dividend yield for the trailing twelve months is around 5.51%, more than MDSIX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 5.51% | 5.95% | 6.58% | 5.53% | 5.32% | 3.53% | 4.21% | 4.62% | 4.62% | 4.67% | 4.76% | 4.55% |
MDSIX Integrity Short Term Government Fund | 3.13% | 2.54% | 3.91% | 1.51% | 0.93% | 1.90% | 4.41% | 3.50% | 3.70% | 3.01% | 2.50% | 2.44% |
Drawdowns
VGIVX vs. MDSIX - Drawdown Comparison
The maximum VGIVX drawdown since its inception was -26.79%, which is greater than MDSIX's maximum drawdown of -11.28%. Use the drawdown chart below to compare losses from any high point for VGIVX and MDSIX.
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Drawdown Indicators
| VGIVX | MDSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.79% | -11.28% | -15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -1.22% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | -11.11% | -15.68% |
Max Drawdown (10Y)Largest decline over 10 years | -26.79% | -11.28% | -15.51% |
Current DrawdownCurrent decline from peak | -3.90% | -0.89% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -1.26% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.30% | +0.65% |
Volatility
VGIVX vs. MDSIX - Volatility Comparison
Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) has a higher volatility of 1.87% compared to Integrity Short Term Government Fund (MDSIX) at 0.90%. This indicates that VGIVX's price experiences larger fluctuations and is considered to be riskier than MDSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGIVX | MDSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 0.90% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 1.52% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 2.30% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 3.30% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 3.13% | +3.20% |