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VSBIX vs. VSBSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VSBIX vs. VSBSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.00%
2.99%
VSBIX
VSBSX

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with VSBIX at 3.42% and VSBSX at 3.42%. Both investments have delivered pretty close results over the past 10 years, with VSBIX having a 1.16% annualized return and VSBSX not far behind at 1.14%.


VSBIX

YTD

3.42%

1M

-0.16%

6M

2.91%

1Y

5.01%

5Y (annualized)

1.08%

10Y (annualized)

1.16%

VSBSX

YTD

3.42%

1M

-0.20%

6M

2.88%

1Y

4.97%

5Y (annualized)

1.06%

10Y (annualized)

1.14%

Key characteristics


VSBIXVSBSX
Sharpe Ratio2.762.76
Sortino Ratio4.374.33
Omega Ratio1.591.60
Calmar Ratio1.771.72
Martin Ratio13.8813.52
Ulcer Index0.36%0.37%
Daily Std Dev1.83%1.82%
Max Drawdown-6.49%-6.54%
Current Drawdown-0.83%-0.82%

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VSBIX vs. VSBSX - Expense Ratio Comparison

VSBIX has a 0.05% expense ratio, which is lower than VSBSX'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%.


VSBSX
Vanguard Short-Term Treasury Index Fund Admiral Shares
Expense ratio chart for VSBSX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for VSBIX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Correlation

-0.50.00.51.00.9

The correlation between VSBIX and VSBSX is 0.89, 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.

Risk-Adjusted Performance

VSBIX vs. VSBSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). 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.


Sharpe ratio
The chart of Sharpe ratio for VSBIX, currently valued at 2.76, compared to the broader market-1.000.001.002.003.004.005.002.762.76
The chart of Sortino ratio for VSBIX, currently valued at 4.37, compared to the broader market0.005.0010.004.374.33
The chart of Omega ratio for VSBIX, currently valued at 1.59, compared to the broader market1.002.003.004.001.591.60
The chart of Calmar ratio for VSBIX, currently valued at 1.77, compared to the broader market0.005.0010.0015.0020.0025.001.771.72
The chart of Martin ratio for VSBIX, currently valued at 13.88, compared to the broader market0.0020.0040.0060.0080.00100.0013.8813.52
VSBIX
VSBSX

The current VSBIX Sharpe Ratio is 2.76, which is comparable to the VSBSX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of VSBIX and VSBSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.76
2.76
VSBIX
VSBSX

Dividends

VSBIX vs. VSBSX - Dividend Comparison

VSBIX's dividend yield for the trailing twelve months is around 4.14%, which matches VSBSX's 4.12% yield.


TTM20232022202120202019201820172016201520142013
VSBIX
Vanguard Short-Term Treasury Index Fund Institutional Shares
4.14%3.31%1.14%0.35%1.14%2.28%1.81%1.11%0.85%0.70%0.44%0.29%
VSBSX
Vanguard Short-Term Treasury Index Fund Admiral Shares
4.12%3.29%1.12%0.33%1.11%2.27%1.80%1.09%0.81%0.67%0.40%0.27%

Drawdowns

VSBIX vs. VSBSX - Drawdown Comparison

The maximum VSBIX drawdown since its inception was -6.49%, roughly equal to the maximum VSBSX drawdown of -6.54%. Use the drawdown chart below to compare losses from any high point for VSBIX and VSBSX. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.83%
-0.82%
VSBIX
VSBSX

Volatility

VSBIX vs. VSBSX - Volatility Comparison

Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) has a higher volatility of 0.39% compared to Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) at 0.36%. This indicates that VSBIX's price experiences larger fluctuations and is considered to be riskier than VSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.30%0.40%0.50%0.60%0.70%0.80%JuneJulyAugustSeptemberOctoberNovember
0.39%
0.36%
VSBIX
VSBSX