VSBIX vs. FVIIX
Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Fidelity Advisor Government Income Fund Class I (FVIIX).
VSBIX is managed by Vanguard. It was launched on Aug 23, 2010. FVIIX is managed by Fidelity. It was launched on Oct 24, 2006.
Performance
VSBIX vs. FVIIX - Performance Comparison
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VSBIX vs. FVIIX - 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% |
FVIIX Fidelity Advisor Government Income Fund Class I | -0.03% | 6.52% | 0.07% | 3.80% | -13.09% | -2.26% | 6.85% | 6.27% | 0.67% | 2.06% |
Returns By Period
In the year-to-date period, VSBIX achieves a 0.28% return, which is significantly higher than FVIIX's -0.03% return. Over the past 10 years, VSBIX has outperformed FVIIX with an annualized return of 1.76%, while FVIIX has yielded a comparatively lower 0.76% 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%
FVIIX
- 1D
- 0.11%
- 1M
- -1.50%
- YTD
- -0.03%
- 6M
- 0.65%
- 1Y
- 3.13%
- 3Y*
- 2.41%
- 5Y*
- -0.57%
- 10Y*
- 0.76%
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VSBIX vs. FVIIX - Expense Ratio Comparison
VSBIX has a 0.05% expense ratio, which is lower than FVIIX's 0.49% expense ratio.
Return for Risk
VSBIX vs. FVIIX — Risk / Return Rank
VSBIX
FVIIX
VSBIX vs. FVIIX - 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 I (FVIIX). 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 | FVIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.65 | 0.82 | +1.83 |
Sortino ratioReturn per unit of downside risk | 4.33 | 1.20 | +3.13 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.14 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 4.70 | 1.39 | +3.31 |
Martin ratioReturn relative to average drawdown | 18.02 | 3.75 | +14.27 |
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 | FVIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 0.82 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | -0.10 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.15 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.52 | +0.57 |
Correlation
The correlation between VSBIX and FVIIX 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. FVIIX - Dividend Comparison
VSBIX's dividend yield for the trailing twelve months is around 3.59%, more than FVIIX's 3.09% 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% |
FVIIX Fidelity Advisor Government Income Fund Class I | 3.09% | 3.33% | 3.18% | 2.29% | 1.09% | 0.58% | 2.35% | 2.07% | 2.02% | 1.75% | 2.64% | 2.21% |
Drawdowns
VSBIX vs. FVIIX - Drawdown Comparison
The maximum VSBIX drawdown since its inception was -5.74%, smaller than the maximum FVIIX drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for VSBIX and FVIIX.
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Drawdown Indicators
| VSBIX | FVIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.74% | -20.08% | +14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.81% | -2.86% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.74% | -18.13% | +12.39% |
Max Drawdown (10Y)Largest decline over 10 years | -5.74% | -20.08% | +14.34% |
Current DrawdownCurrent decline from peak | -0.44% | -7.50% | +7.06% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -3.72% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 1.06% | -0.85% |
Volatility
VSBIX vs. FVIIX - 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 I (FVIIX) has a volatility of 1.44%. This indicates that VSBIX experiences smaller price fluctuations and is considered to be less risky than FVIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSBIX | FVIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 1.44% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 2.51% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 4.28% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 6.05% | -4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.53% | 5.02% | -3.49% |