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VGSLX vs. VBIPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VGSLX vs. VBIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Real Estate Index Fund Admiral Shares (VGSLX) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX). The values are adjusted to include any dividend payments, if applicable.

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VGSLX vs. VBIPX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
-0.20%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%

Returns By Period

In the year-to-date period, VGSLX achieves a -0.20% 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 4.47%, while VBIPX has yielded a comparatively lower 1.87% annualized return.


VGSLX

1D
0.39%
1M
-7.72%
YTD
-0.20%
6M
-2.60%
1Y
0.30%
3Y*
5.86%
5Y*
2.85%
10Y*
4.47%

VBIPX

1D
0.20%
1M
-1.25%
YTD
-0.32%
6M
0.88%
1Y
3.67%
3Y*
4.00%
5Y*
1.50%
10Y*
1.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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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%.


Return for Risk

VGSLX vs. VBIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGSLX
VGSLX Risk / Return Rank: 77
Overall Rank
VGSLX Sharpe Ratio Rank: 77
Sharpe Ratio Rank
VGSLX Sortino Ratio Rank: 77
Sortino Ratio Rank
VGSLX Omega Ratio Rank: 77
Omega Ratio Rank
VGSLX Calmar Ratio Rank: 88
Calmar Ratio Rank
VGSLX Martin Ratio Rank: 88
Martin Ratio Rank

VBIPX
VBIPX Risk / Return Rank: 9090
Overall Rank
VBIPX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VBIPX Sortino Ratio Rank: 9393
Sortino Ratio Rank
VBIPX Omega Ratio Rank: 8585
Omega Ratio Rank
VBIPX Calmar Ratio Rank: 9292
Calmar Ratio Rank
VBIPX Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


VGSLXVBIPXDifference

Sharpe ratio

Return per unit of total volatility

0.07

1.71

-1.64

Sortino ratio

Return per unit of downside risk

0.21

2.83

-2.62

Omega ratio

Gain probability vs. loss probability

1.03

1.35

-0.32

Calmar ratio

Return relative to maximum drawdown

0.09

2.80

-2.71

Martin ratio

Return relative to average drawdown

0.35

10.37

-10.01

VGSLX vs. VBIPX - Sharpe Ratio Comparison

The current VGSLX Sharpe Ratio is 0.07, which is lower than the VBIPX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of VGSLX and VBIPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VGSLXVBIPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.07

1.71

-1.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

0.52

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

0.79

-0.57

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.78

-0.48

Correlation

The correlation between VGSLX and VBIPX is 0.13, 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

VGSLX vs. VBIPX - Dividend Comparison

VGSLX's dividend yield for the trailing twelve months is around 3.99%, more than VBIPX's 3.63% yield.


TTM20252024202320222021202020192018201720162015
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
3.99%3.92%3.85%3.91%3.91%2.56%3.92%3.39%4.73%4.23%4.82%3.92%
VBIPX
Vanguard Short-Term Bond Index Fund Institutional Plus
3.63%3.86%3.40%2.01%1.40%1.26%1.82%2.27%2.04%1.69%1.53%1.46%

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


VGSLXVBIPXDifference

Max Drawdown

Largest peak-to-trough decline

-73.05%

-8.72%

-64.33%

Max Drawdown (1Y)

Largest decline over 1 year

-12.42%

-1.54%

-10.88%

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 Drawdown

Current decline from peak

-10.88%

-1.25%

-9.63%

Average Drawdown

Average peak-to-trough decline

-12.65%

-1.19%

-11.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

0.42%

+2.73%

Volatility

VGSLX vs. VBIPX - Volatility Comparison

Vanguard Real Estate Index Fund Admiral Shares (VGSLX) has a higher volatility of 4.13% compared to Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) at 0.75%. 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


VGSLXVBIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

0.75%

+3.38%

Volatility (6M)

Calculated over the trailing 6-month period

9.13%

1.50%

+7.63%

Volatility (1Y)

Calculated over the trailing 1-year period

16.32%

2.42%

+13.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.86%

2.93%

+15.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.85%

2.39%

+18.46%