VIITX vs. TSDLX
Compare and contrast key facts about Vanguard Institutional Intermediate-Term Bond Fund (VIITX) and T. Rowe Price Short Duration Income Fund (TSDLX).
VIITX is managed by Vanguard. It was launched on Jun 19, 2015. TSDLX is managed by T. Rowe Price. It was launched on Dec 7, 2020.
Performance
VIITX vs. TSDLX - Performance Comparison
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VIITX vs. TSDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VIITX Vanguard Institutional Intermediate-Term Bond Fund | -0.06% | 7.23% | 3.67% | 5.31% | -7.99% | -1.02% | 0.28% |
TSDLX T. Rowe Price Short Duration Income Fund | -0.02% | 10.34% | 6.30% | 6.07% | -5.69% | 0.77% | 0.10% |
Returns By Period
In the year-to-date period, VIITX achieves a -0.06% return, which is significantly lower than TSDLX's -0.02% 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%
TSDLX
- 1D
- 0.11%
- 1M
- -1.15%
- YTD
- -0.02%
- 6M
- 2.61%
- 1Y
- 8.51%
- 3Y*
- 6.90%
- 5Y*
- 3.29%
- 10Y*
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VIITX vs. TSDLX - Expense Ratio Comparison
VIITX has a 0.02% expense ratio, which is lower than TSDLX's 0.40% expense ratio.
Return for Risk
VIITX vs. TSDLX — Risk / Return Rank
VIITX
TSDLX
VIITX vs. TSDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Intermediate-Term Bond Fund (VIITX) and T. Rowe Price Short Duration Income Fund (TSDLX). 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 | TSDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 3.85 | -2.08 |
Sortino ratioReturn per unit of downside risk | 2.61 | 8.30 | -5.69 |
Omega ratioGain probability vs. loss probability | 1.33 | 2.18 | -0.84 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 7.19 | -4.43 |
Martin ratioReturn relative to average drawdown | 10.44 | 29.70 | -19.26 |
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 | TSDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 3.85 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.44 | -1.03 |
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 | 1.45 | -0.70 |
Correlation
The correlation between VIITX and TSDLX is 0.72, 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. TSDLX - Dividend Comparison
VIITX's dividend yield for the trailing twelve months is around 4.17%, less than TSDLX's 8.42% 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% |
TSDLX T. Rowe Price Short Duration Income Fund | 8.42% | 8.51% | 5.44% | 4.21% | 1.82% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VIITX vs. TSDLX - Drawdown Comparison
The maximum VIITX drawdown since its inception was -11.86%, which is greater than TSDLX's maximum drawdown of -7.86%. Use the drawdown chart below to compare losses from any high point for VIITX and TSDLX.
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Drawdown Indicators
| VIITX | TSDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.86% | -7.86% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -1.26% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -11.86% | -7.86% | -4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -11.86% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -1.15% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -1.83% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.30% | +0.20% |
Volatility
VIITX vs. TSDLX - Volatility Comparison
Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has a higher volatility of 1.16% compared to T. Rowe Price Short Duration Income Fund (TSDLX) at 0.52%. This indicates that VIITX's price experiences larger fluctuations and is considered to be riskier than TSDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIITX | TSDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.52% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 1.52% | +0.19% |
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% | 2.30% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.05% | 2.24% | +0.81% |