VSBIX vs. FVIAX
Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Fidelity Advisor Government Income Fund Class A (FVIAX).
VSBIX is managed by Vanguard. It was launched on Aug 23, 2010. FVIAX is managed by Fidelity. It was launched on Oct 24, 2006.
Performance
VSBIX vs. FVIAX - Performance Comparison
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VSBIX vs. FVIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 0.28% | 5.11% | 4.37% | 4.28% | -3.87% | -0.67% | 3.11% | 3.53% | 1.52% | 0.40% |
FVIAX Fidelity Advisor Government Income Fund Class A | -0.19% | 6.20% | -0.18% | 3.64% | -13.30% | -2.54% | 6.45% | 6.06% | 0.39% | 1.78% |
Returns By Period
In the year-to-date period, VSBIX achieves a 0.28% return, which is significantly higher than FVIAX's -0.19% return. Over the past 10 years, VSBIX has outperformed FVIAX with an annualized return of 1.76%, while FVIAX has yielded a comparatively lower 0.48% annualized return.
VSBIX
- 1D
- 0.04%
- 1M
- -0.33%
- YTD
- 0.28%
- 6M
- 1.24%
- 1Y
- 3.69%
- 3Y*
- 4.12%
- 5Y*
- 1.86%
- 10Y*
- 1.76%
FVIAX
- 1D
- 0.00%
- 1M
- -1.60%
- YTD
- -0.19%
- 6M
- 0.41%
- 1Y
- 2.74%
- 3Y*
- 2.11%
- 5Y*
- -0.84%
- 10Y*
- 0.48%
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VSBIX vs. FVIAX - Expense Ratio Comparison
VSBIX has a 0.05% expense ratio, which is lower than FVIAX's 0.77% expense ratio.
Return for Risk
VSBIX vs. FVIAX — Risk / Return Rank
VSBIX
FVIAX
VSBIX vs. FVIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Fidelity Advisor Government Income Fund Class A (FVIAX). 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.
| VSBIX | FVIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.65 | 0.72 | +1.93 |
Sortino ratioReturn per unit of downside risk | 4.33 | 1.05 | +3.28 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.13 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 4.70 | 1.24 | +3.47 |
Martin ratioReturn relative to average drawdown | 18.02 | 3.29 | +14.73 |
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
| VSBIX | FVIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 0.72 | +1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | -0.14 | +1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.10 | +1.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.22 | +0.87 |
Correlation
The correlation between VSBIX and FVIAX is 0.76, 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
VSBIX vs. FVIAX - Dividend Comparison
VSBIX's dividend yield for the trailing twelve months is around 3.59%, more than FVIAX's 2.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 3.59% | 3.99% | 4.52% | 3.31% | 1.14% | 0.65% | 1.74% | 2.28% | 1.81% | 1.11% | 0.80% | 0.74% |
FVIAX Fidelity Advisor Government Income Fund Class A | 2.82% | 3.03% | 2.93% | 2.03% | 0.86% | 0.39% | 2.07% | 1.77% | 1.75% | 1.47% | 2.34% | 1.96% |
Drawdowns
VSBIX vs. FVIAX - Drawdown Comparison
The maximum VSBIX drawdown since its inception was -5.74%, smaller than the maximum FVIAX drawdown of -20.79%. Use the drawdown chart below to compare losses from any high point for VSBIX and FVIAX.
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Drawdown Indicators
| VSBIX | FVIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.74% | -20.79% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.81% | -2.88% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -5.74% | -18.57% | +12.83% |
Max Drawdown (10Y)Largest decline over 10 years | -5.74% | -20.66% | +14.92% |
Current DrawdownCurrent decline from peak | -0.44% | -8.86% | +8.42% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -7.06% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 1.08% | -0.87% |
Volatility
VSBIX vs. FVIAX - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) is 0.51%, while Fidelity Advisor Government Income Fund Class A (FVIAX) has a volatility of 1.51%. This indicates that VSBIX experiences smaller price fluctuations and is considered to be less risky than FVIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSBIX | FVIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 1.51% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 2.57% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 4.31% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 6.09% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.53% | 5.04% | -3.51% |