VIVIX vs. VBIRX
Compare and contrast key facts about Vanguard Value Index Fund Institutional Shares (VIVIX) and Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX).
VIVIX is managed by Vanguard. It was launched on Jul 2, 1998. VBIRX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIVIX or VBIRX.
Performance
VIVIX vs. VBIRX - Performance Comparison
Returns By Period
In the year-to-date period, VIVIX achieves a 20.51% return, which is significantly higher than VBIRX's 3.12% return. Over the past 10 years, VIVIX has outperformed VBIRX with an annualized return of 10.47%, while VBIRX has yielded a comparatively lower 1.48% annualized return.
VIVIX
20.51%
-0.49%
9.88%
28.60%
11.64%
10.47%
VBIRX
3.12%
-0.88%
3.07%
5.61%
1.11%
1.48%
Key characteristics
| VIVIX | VBIRX | |
|---|---|---|
| Sharpe Ratio | 2.86 | 1.94 |
| Sortino Ratio | 4.00 | 3.05 |
| Omega Ratio | 1.52 | 1.39 |
| Calmar Ratio | 5.67 | 1.15 |
| Martin Ratio | 18.20 | 8.93 |
| Ulcer Index | 1.60% | 0.62% |
| Daily Std Dev | 10.21% | 2.84% |
| Max Drawdown | -59.30% | -8.91% |
| Current Drawdown | -1.25% | -1.46% |
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VIVIX vs. VBIRX - Expense Ratio Comparison
VIVIX has a 0.04% expense ratio, which is lower than VBIRX's 0.07% 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%.
Correlation
The correlation between VIVIX and VBIRX is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
VIVIX vs. VBIRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value Index Fund Institutional Shares (VIVIX) and Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX). 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.
Dividends
VIVIX vs. VBIRX - Dividend Comparison
VIVIX's dividend yield for the trailing twelve months is around 2.24%, less than VBIRX's 3.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIVIX Vanguard Value Index Fund Institutional Shares | 2.24% | 2.46% | 2.52% | 2.14% | 2.56% | 2.50% | 2.73% | 2.30% | 2.46% | 2.61% | 2.23% | 2.22% |
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | 3.24% | 2.41% | 1.44% | 1.17% | 1.78% | 2.23% | 2.04% | 1.53% | 1.48% | 1.32% | 1.20% | 1.21% |
Drawdowns
VIVIX vs. VBIRX - Drawdown Comparison
The maximum VIVIX drawdown since its inception was -59.30%, which is greater than VBIRX's maximum drawdown of -8.91%. Use the drawdown chart below to compare losses from any high point for VIVIX and VBIRX. For additional features, visit the drawdowns tool.
Volatility
VIVIX vs. VBIRX - Volatility Comparison
Vanguard Value Index Fund Institutional Shares (VIVIX) has a higher volatility of 3.63% compared to Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) at 0.62%. This indicates that VIVIX's price experiences larger fluctuations and is considered to be riskier than VBIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.