VIITX vs. HOSBX

Last updated Jun 4, 2026

VIITX (Vanguard Institutional Intermediate-Term Bond Fund) and HOSBX (Homestead Funds Short Term Bond Fund) are both Short-Term Bond funds. Over the past 10 years, VIITX returned 2.13%/yr vs 2.04%/yr for HOSBX. A 0.68 correlation means they provide meaningful diversification when combined. VIITX charges 0.02%/yr vs 0.79%/yr for HOSBX.

Performance

VIITX vs. HOSBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Institutional Intermediate-Term Bond Fund (VIITX) and Homestead Funds Short Term Bond Fund (HOSBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIITX achieves a 0.56% return, which is significantly higher than HOSBX's 0.34% return. Both investments have delivered pretty close results over the past 10 years, with VIITX having a 2.13% annualized return and HOSBX not far behind at 2.04%.

VIITX

• 1D: 0.05%
• 1M: 0.29%
• YTD: 0.56%
• 6M: 0.76%
• 1Y: 5.12%
• 3Y*: 4.93%
• 5Y*: 1.50%
• 10Y*: 2.13%

HOSBX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 0.34%
• 6M: 0.65%
• 1Y: 3.85%
• 3Y*: 4.31%
• 5Y*: 1.59%
• 10Y*: 2.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VIITX vs. HOSBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIITX Vanguard Institutional Intermediate-Term Bond Fund	0.56%	7.23%	3.67%	5.31%	-7.99%	-1.02%	6.17%	6.44%	0.87%	2.00%
HOSBX Homestead Funds Short Term Bond Fund	0.34%	5.87%	3.78%	5.08%	-5.71%	-1.11%	5.38%	3.89%	1.45%	1.66%

Correlation

The correlation between VIITX and HOSBX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015	0.68

The correlation between VIITX and HOSBX shifts across timeframes, from 0.68 (all time) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VIITX vs. HOSBX — Risk / Return Rank

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

VIITX

VIITX Risk / Return Rank: 50
VIITX Sharpe Ratio Rank: 50
VIITX Sortino Ratio Rank: 55
VIITX Omega Ratio Rank: 51
VIITX Calmar Ratio Rank: 51
VIITX Martin Ratio Rank: 41

HOSBX

HOSBX Risk / Return Rank: 40
HOSBX Sharpe Ratio Rank: 32
HOSBX Sortino Ratio Rank: 36
HOSBX Omega Ratio Rank: 48
HOSBX Calmar Ratio Rank: 41
HOSBX Martin Ratio Rank: 41

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.

VIITX vs. HOSBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Intermediate-Term Bond Fund (VIITX) and Homestead Funds Short Term Bond Fund (HOSBX). 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.

	VIITX	HOSBX	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.63	+0.43
Sortino ratio: Return per unit of downside risk	3.11	2.50	+0.62
Omega ratio: Gain probability vs. loss probability	1.39	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	2.72	2.43	+0.29
Martin ratio: Return relative to average drawdown	8.89	8.85	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIITX vs. HOSBX - Sharpe Ratio Comparison

The current VIITX Sharpe Ratio is 2.07, which is comparable to the HOSBX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of VIITX and HOSBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VIITX	HOSBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.63	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.53	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.85	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.57	-0.81

Drawdowns

VIITX vs. HOSBX - Drawdown Comparison

The maximum VIITX drawdown since its inception was -11.86%, which is greater than HOSBX's maximum drawdown of -8.84%. Use the drawdown chart below to compare losses from any high point for VIITX and HOSBX.

Drawdown Indicators

	VIITX	HOSBX	Difference
Max Drawdown Largest peak-to-trough decline	-11.86%	-8.84%	-3.02%
Max Drawdown (1Y) Largest decline over 1 year	-1.89%	-1.59%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-3.32%	-1.59%	-1.73%
Max Drawdown (5Y) Largest decline over 5 years	-11.86%	-8.84%	-3.02%
Max Drawdown (10Y) Largest decline over 10 years	-11.86%	-8.84%	-3.02%
Current Drawdown Current decline from peak	-0.87%	-0.47%	-0.40%
Average Drawdown Average peak-to-trough decline	-2.13%	-0.65%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.44%	+0.14%

Volatility

VIITX vs. HOSBX - Volatility Comparison

Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a higher volatility of 0.87% compared to Homestead Funds Short Term Bond Fund (HOSBX) at 0.70%. This indicates that VIITX's price experiences larger fluctuations and is considered to be riskier than HOSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIITX	HOSBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	0.70%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	1.84%	1.74%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	2.49%	2.37%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.84%	2.99%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.06%	2.41%	+0.65%

VIITX vs. HOSBX - Expense Ratio Comparison

VIITX has a 0.02% expense ratio, which is lower than HOSBX's 0.79% expense ratio.

Dividends

VIITX vs. HOSBX - Dividend Comparison

VIITX's dividend yield for the trailing twelve months is around 4.57%, more than HOSBX's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HOSBX Homestead Funds Short Term Bond Fund	3.80%	3.86%	3.50%	2.85%	1.74%	1.37%	3.57%	2.66%	1.83%	1.65%	1.55%	1.40%
VIITX Vanguard Institutional Intermediate-Term Bond Fund	4.57%	4.51%	4.71%	3.61%	2.14%	2.20%	2.87%	2.69%	2.62%	2.04%	2.95%	0.57%

Frequently Asked Questions

Can I hold both VIITX and HOSBX in my portfolio?

VIITX and HOSBX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIITX or HOSBX?

VIITX has higher volatility (0.87%) compared to HOSBX (0.70%). In terms of maximum drawdown, VIITX dropped -11.86% vs HOSBX's -8.84%.

Which has better risk-adjusted returns?

VIITX currently has the higher Sharpe Ratio (2.07 vs 1.63), 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.