VSCSX vs. MIFIX
VSCSX (Vanguard Short-Term Corporate Bond Index Fund Admiral Shares) and MIFIX (Miller Intermediate Bond Fund) are both Corporate Bonds funds. Over the past 10 years, VSCSX returned 2.67%/yr vs 5.15%/yr for MIFIX. At a 0.15 correlation, their price movements are largely independent. VSCSX charges 0.07%/yr vs 0.99%/yr for MIFIX.
Performance
VSCSX vs. MIFIX - Performance Comparison
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Returns By Period
In the year-to-date period, VSCSX achieves a 0.61% return, which is significantly lower than MIFIX's 4.38% return. Over the past 10 years, VSCSX has underperformed MIFIX with an annualized return of 2.67%, while MIFIX has yielded a comparatively higher 5.15% annualized return.
VSCSX
- 1D
- -0.09%
- 1M
- 0.23%
- YTD
- 0.61%
- 6M
- 0.84%
- 1Y
- 4.00%
- 3Y*
- 5.67%
- 5Y*
- 2.40%
- 10Y*
- 2.67%
MIFIX
- 1D
- -0.18%
- 1M
- 0.42%
- YTD
- 4.38%
- 6M
- 4.25%
- 1Y
- 9.36%
- 3Y*
- 7.88%
- 5Y*
- 3.74%
- 10Y*
- 5.15%
VSCSX vs. MIFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 0.61% | 6.75% | 5.36% | 6.11% | -5.72% | -0.43% | 5.06% | 6.85% | 0.88% | 2.46% |
MIFIX Miller Intermediate Bond Fund | 4.38% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 9.79% | -1.91% | 3.10% |
Correlation
The correlation between VSCSX and MIFIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.15 |
Over the past year, VSCSX and MIFIX have become more correlated (0.44) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
VSCSX vs. MIFIX — Risk / Return Rank
VSCSX
MIFIX
VSCSX vs. MIFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) and Miller Intermediate Bond Fund (MIFIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VSCSX | MIFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.63 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.58 | -0.54 |
| Martin ratioReturn relative to average drawdown | 11.94 | 14.15 | -2.20 |
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Drawdowns
VSCSX vs. MIFIX - Drawdown Comparison
The maximum VSCSX drawdown since its inception was -9.36%, smaller than the maximum MIFIX drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for VSCSX and MIFIX.
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Drawdown Indicators
| VSCSX | MIFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.36% | -15.58% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.36% | -2.68% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.36% | -5.39% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -9.36% | -11.87% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -9.36% | -15.58% | +6.22% |
Current DrawdownCurrent decline from peak | -0.36% | -0.97% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -2.05% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.68% | -0.33% |
Volatility
VSCSX vs. MIFIX - Volatility Comparison
The current volatility for Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) is 0.64%, while Miller Intermediate Bond Fund (MIFIX) has a volatility of 1.11%. This indicates that VSCSX experiences smaller price fluctuations and is considered to be less risky than MIFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSCSX | MIFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.11% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 2.29% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 3.08% | -1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 5.00% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.37% | 5.42% | -3.05% |
VSCSX vs. MIFIX - Expense Ratio Comparison
VSCSX has a 0.07% expense ratio, which is lower than MIFIX's 0.99% expense ratio.
Dividends
VSCSX vs. MIFIX - Dividend Comparison
VSCSX's dividend yield for the trailing twelve months is around 4.42%, which matches MIFIX's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | 4.41% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 4.42% | 4.32% | 4.27% | 3.07% | 1.98% | 1.78% | 2.25% | 2.85% | 2.66% | 2.26% | 1.93% | 2.21% |
Frequently Asked Questions
VSCSX and MIFIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIFIX has higher volatility (1.11%) compared to VSCSX (0.64%). In terms of maximum drawdown, VSCSX dropped -9.36% vs MIFIX's -15.58%.
MIFIX currently has the higher Sharpe Ratio (3.12 vs 2.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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