VISTX vs. SWSBX
Compare and contrast key facts about Vanguard Institutional Short-Term Bond Fund (VISTX) and Schwab Short-Term Bond Index Fund (SWSBX).
VISTX 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
VISTX vs. SWSBX - Performance Comparison
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VISTX vs. SWSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VISTX Vanguard Institutional Short-Term Bond Fund | 0.25% | 5.68% | 5.56% | 4.98% | -3.73% | -0.04% | 3.92% | 4.20% | 1.83% | 1.00% |
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, VISTX achieves a 0.25% return, which is significantly higher than SWSBX's -0.27% return.
VISTX
- 1D
- 0.15%
- 1M
- -0.64%
- YTD
- 0.25%
- 6M
- 1.45%
- 1Y
- 4.26%
- 3Y*
- 4.94%
- 5Y*
- 2.45%
- 10Y*
- 2.43%
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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VISTX vs. SWSBX - Expense Ratio Comparison
VISTX 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
VISTX vs. SWSBX — Risk / Return Rank
VISTX
SWSBX
VISTX vs. SWSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Short-Term Bond Fund (VISTX) 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.
| VISTX | SWSBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 1.71 | +1.31 |
Sortino ratioReturn per unit of downside risk | 4.73 | 2.83 | +1.90 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.36 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 5.24 | 2.79 | +2.45 |
Martin ratioReturn relative to average drawdown | 21.26 | 10.25 | +11.01 |
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
| VISTX | SWSBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 1.71 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 0.42 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.76 | +0.94 |
Correlation
The correlation between VISTX and SWSBX is 0.77, 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
VISTX vs. SWSBX - Dividend Comparison
VISTX's dividend yield for the trailing twelve months is around 4.11%, more than SWSBX's 3.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VISTX Vanguard Institutional Short-Term Bond Fund | 4.11% | 4.53% | 5.03% | 3.91% | 1.76% | 1.85% | 2.33% | 2.72% | 2.32% | 1.78% | 1.51% |
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% |
Drawdowns
VISTX vs. SWSBX - Drawdown Comparison
The maximum VISTX drawdown since its inception was -5.64%, smaller than the maximum SWSBX drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for VISTX and SWSBX.
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Drawdown Indicators
| VISTX | SWSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.64% | -9.06% | +3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -1.54% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -5.64% | -9.06% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -5.64% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.23% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -1.81% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.42% | -0.21% |
Volatility
VISTX vs. SWSBX - Volatility Comparison
The current volatility for Vanguard Institutional Short-Term Bond Fund (VISTX) is 0.47%, while Schwab Short-Term Bond Index Fund (SWSBX) has a volatility of 0.73%. This indicates that VISTX experiences smaller price fluctuations and is considered to be less risky 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
| VISTX | SWSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.73% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 1.49% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 2.40% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.85% | 2.95% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.47% | 2.47% | -1.00% |