VISTX vs. TSDLX
Compare and contrast key facts about Vanguard Institutional Short-Term Bond Fund (VISTX) and T. Rowe Price Short Duration Income Fund (TSDLX).
VISTX 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
VISTX vs. TSDLX - Performance Comparison
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VISTX vs. TSDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VISTX Vanguard Institutional Short-Term Bond Fund | 0.25% | 5.68% | 5.56% | 4.98% | -3.73% | -0.04% | 0.12% |
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, VISTX achieves a 0.25% return, which is significantly higher than TSDLX's -0.02% 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%
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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VISTX vs. TSDLX - Expense Ratio Comparison
VISTX has a 0.02% expense ratio, which is lower than TSDLX's 0.40% expense ratio.
Return for Risk
VISTX vs. TSDLX — Risk / Return Rank
VISTX
TSDLX
VISTX vs. TSDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Institutional Short-Term Bond Fund (VISTX) 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.
| VISTX | TSDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 3.85 | -0.84 |
Sortino ratioReturn per unit of downside risk | 4.73 | 8.30 | -3.57 |
Omega ratioGain probability vs. loss probability | 1.68 | 2.18 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | 5.24 | 7.19 | -1.95 |
Martin ratioReturn relative to average drawdown | 21.26 | 29.70 | -8.44 |
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 | TSDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 3.85 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.33 | 1.44 | -0.11 |
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 | 1.45 | +0.24 |
Correlation
The correlation between VISTX and TSDLX is 0.75, 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. TSDLX - Dividend Comparison
VISTX's dividend yield for the trailing twelve months is around 4.11%, less than TSDLX's 8.42% 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% |
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% |
Drawdowns
VISTX vs. TSDLX - Drawdown Comparison
The maximum VISTX drawdown since its inception was -5.64%, smaller than the maximum TSDLX drawdown of -7.86%. Use the drawdown chart below to compare losses from any high point for VISTX and TSDLX.
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Drawdown Indicators
| VISTX | TSDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.64% | -7.86% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | -1.26% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -5.64% | -7.86% | +2.22% |
Max Drawdown (10Y)Largest decline over 10 years | -5.64% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.15% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -1.83% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.30% | -0.09% |
Volatility
VISTX vs. TSDLX - Volatility Comparison
The current volatility for Vanguard Institutional Short-Term Bond Fund (VISTX) is 0.47%, while T. Rowe Price Short Duration Income Fund (TSDLX) has a volatility of 0.52%. This indicates that VISTX experiences smaller price fluctuations and is considered to be less risky 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
| VISTX | TSDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.52% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 1.52% | -0.67% |
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% | 2.30% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.47% | 2.24% | -0.77% |