VIITX vs. SWSBX
Compare and contrast key facts about Vanguard Institutional Intermediate-Term Bond Fund (VIITX) and Schwab Short-Term Bond Index Fund (SWSBX).
VIITX is managed by Vanguard. It was launched on Jun 19, 2015. SWSBX is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Government/Credit 1-5 Year Index. It was launched on Feb 23, 2017.
Performance
VIITX vs. SWSBX - Performance Comparison
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VIITX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIITX Vanguard Institutional Intermediate-Term Bond Fund | -0.06% | 7.23% | 3.67% | 5.31% | -7.99% | -1.02% | 6.17% | 6.44% | 0.87% | 1.42% |
SWSBX Schwab Short-Term Bond Index Fund | -0.27% | 6.06% | 3.42% | 3.95% | -5.89% | -1.28% | 4.47% | 4.96% | 1.34% | 0.85% |
Returns By Period
In the year-to-date period, VIITX achieves a -0.06% return, which is significantly higher than SWSBX's -0.27% return.
VIITX
- 1D
- 0.33%
- 1M
- -1.48%
- YTD
- -0.06%
- 6M
- 1.26%
- 1Y
- 4.72%
- 3Y*
- 4.60%
- 5Y*
- 1.57%
- 10Y*
- 2.13%
SWSBX
- 1D
- 0.21%
- 1M
- -1.23%
- YTD
- -0.27%
- 6M
- 0.88%
- 1Y
- 3.63%
- 3Y*
- 3.74%
- 5Y*
- 1.25%
- 10Y*
- —
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VIITX vs. SWSBX - Expense Ratio Comparison
VIITX has a 0.02% expense ratio, which is lower than SWSBX's 0.06% expense ratio. Despite the difference, 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
VIITX vs. SWSBX — Risk / Return Rank
VIITX
SWSBX
VIITX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Intermediate-Term Bond Fund (VIITX) and Schwab Short-Term Bond Index Fund (SWSBX). 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 | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 1.71 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.61 | 2.83 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.79 | -0.02 |
Martin ratioReturn relative to average drawdown | 10.44 | 10.25 | +0.18 |
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
| VIITX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.71 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.42 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.76 | -0.01 |
Correlation
The correlation between VIITX and SWSBX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VIITX vs. SWSBX - Dividend Comparison
VIITX's dividend yield for the trailing twelve months is around 4.17%, more than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIITX Vanguard Institutional Intermediate-Term Bond Fund | 4.17% | 4.51% | 4.71% | 3.61% | 2.14% | 2.20% | 2.87% | 2.69% | 2.62% | 2.04% | 2.95% | 0.57% |
SWSBX Schwab Short-Term Bond Index Fund | 3.79% | 4.09% | 3.66% | 2.36% | 1.11% | 0.97% | 1.82% | 2.41% | 2.12% | 1.56% | 0.00% | 0.00% |
Drawdowns
VIITX vs. SWSBX - Drawdown Comparison
The maximum VIITX drawdown since its inception was -11.86%, which is greater than SWSBX's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for VIITX and SWSBX.
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Drawdown Indicators
| VIITX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.86% | -9.06% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -1.54% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -11.86% | -9.06% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -11.86% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -1.23% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -1.81% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.42% | +0.08% |
Volatility
VIITX vs. SWSBX - Volatility Comparison
Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a higher volatility of 1.16% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.73%. This indicates that VIITX's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIITX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.73% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 1.49% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 2.40% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 2.95% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.05% | 2.47% | +0.58% |