VGSLX vs. VBIPX
VGSLX (Vanguard Real Estate Index Fund Admiral Shares) and VBIPX (Vanguard Short-Term Bond Index Fund Institutional Plus) are both mutual funds - VGSLX is a REIT fund managed by Vanguard, while VBIPX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, VGSLX returned 5.20%/yr vs 1.90%/yr for VBIPX. At a 0.13 correlation, their price movements are largely independent. VGSLX charges 0.12%/yr vs 0.04%/yr for VBIPX.
Performance
VGSLX vs. VBIPX - Performance Comparison
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Returns By Period
In the year-to-date period, VGSLX achieves a 7.97% return, which is significantly higher than VBIPX's 0.32% return. Over the past 10 years, VGSLX has outperformed VBIPX with an annualized return of 5.20%, while VBIPX has yielded a comparatively lower 1.90% annualized return.
VGSLX
- 1D
- 0.46%
- 1M
- -0.95%
- YTD
- 7.97%
- 6M
- 6.88%
- 1Y
- 10.13%
- 3Y*
- 9.19%
- 5Y*
- 2.20%
- 10Y*
- 5.20%
VBIPX
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- 0.32%
- 6M
- 0.56%
- 1Y
- 3.77%
- 3Y*
- 4.36%
- 5Y*
- 1.55%
- 10Y*
- 1.90%
VGSLX vs. VBIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 7.97% | 3.18% | 3.67% | 13.13% | -26.20% | 40.39% | -4.75% | 28.90% | -5.99% | 4.91% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 0.32% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
Correlation
The correlation between VGSLX and VBIPX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2011 | 0.13 |
The correlation between VGSLX and VBIPX shifts across timeframes, from 0.13 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VGSLX vs. VBIPX — Risk / Return Rank
VGSLX
VBIPX
VGSLX vs. VBIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate Index Fund Admiral Shares (VGSLX) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX). 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.
| VGSLX | VBIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.45 | -1.26 |
| Martin ratioReturn relative to average drawdown | 3.75 | 8.04 | -4.29 |
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
| VGSLX | VBIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.67 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.53 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.79 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.79 | -0.47 |
Drawdowns
VGSLX vs. VBIPX - Drawdown Comparison
The maximum VGSLX drawdown since its inception was -73.05%, which is greater than VBIPX's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for VGSLX and VBIPX.
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Drawdown Indicators
| VGSLX | VBIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -8.72% | -64.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -1.54% | -6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -1.54% | -15.87% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -8.69% | -25.72% |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | -8.72% | -33.62% |
Current DrawdownCurrent decline from peak | -3.58% | -0.62% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -1.19% | -11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.47% | +2.16% |
Volatility
VGSLX vs. VBIPX - Volatility Comparison
Vanguard Real Estate Index Fund Admiral Shares (VGSLX) has a higher volatility of 3.79% compared to Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) at 0.70%. This indicates that VGSLX's price experiences larger fluctuations and is considered to be riskier than VBIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSLX | VBIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 0.70% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 1.61% | +7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 2.26% | +10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 2.96% | +15.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.85% | 2.40% | +18.45% |
VGSLX vs. VBIPX - Expense Ratio Comparison
VGSLX has a 0.12% expense ratio, which is higher than VBIPX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGSLX vs. VBIPX - Dividend Comparison
VGSLX's dividend yield for the trailing twelve months is around 3.69%, less than VBIPX's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 4.02% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
VGSLX Vanguard Real Estate Index Fund Admiral Shares | 3.69% | 3.92% | 3.85% | 3.91% | 3.91% | 2.56% | 3.92% | 3.39% | 4.73% | 4.23% | 4.82% | 3.92% |
Frequently Asked Questions
VGSLX and VBIPX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGSLX has higher volatility (3.79%) compared to VBIPX (0.70%). In terms of maximum drawdown, VGSLX dropped -73.05% vs VBIPX's -8.72%.
VBIPX currently has the higher Sharpe Ratio (1.67 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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