VSCSX vs. VSTBX
Compare and contrast key facts about Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) and Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX).
VSCSX is managed by Vanguard. It was launched on Nov 18, 2010. VSTBX is managed by Vanguard. It was launched on Nov 19, 2009.
Performance
VSCSX vs. VSTBX - Performance Comparison
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VSCSX vs. VSTBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | -0.08% | 6.75% | 5.36% | 6.11% | -5.72% | -0.43% | 5.06% | 6.85% | 0.88% | 2.46% |
VSTBX Vanguard Short-Term Corporate Bond Index Fund Institutional Shares | -0.08% | 6.75% | 5.37% | 6.17% | -5.73% | -0.41% | 5.07% | 9.68% | 0.92% | 2.48% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VSCSX at -0.08% and VSTBX at -0.08%. Over the past 10 years, VSCSX has underperformed VSTBX with an annualized return of 2.73%, while VSTBX has yielded a comparatively higher 3.01% annualized return.
VSCSX
- 1D
- 0.23%
- 1M
- -1.04%
- YTD
- -0.08%
- 6M
- 1.17%
- 1Y
- 4.67%
- 3Y*
- 5.44%
- 5Y*
- 2.41%
- 10Y*
- 2.73%
VSTBX
- 1D
- 0.19%
- 1M
- -1.05%
- YTD
- -0.08%
- 6M
- 1.15%
- 1Y
- 4.66%
- 3Y*
- 5.46%
- 5Y*
- 2.42%
- 10Y*
- 3.01%
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VSCSX vs. VSTBX - Expense Ratio Comparison
VSCSX has a 0.07% expense ratio, which is higher than VSTBX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VSCSX vs. VSTBX — Risk / Return Rank
VSCSX
VSTBX
VSCSX vs. VSTBX - 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 Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX). 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.
| VSCSX | VSTBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.41 | 2.41 | +0.01 |
Sortino ratioReturn per unit of downside risk | 3.58 | 3.58 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.75 | -0.12 |
Martin ratioReturn relative to average drawdown | 14.67 | 14.83 | -0.16 |
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
| VSCSX | VSTBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.41 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.90 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 1.27 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 1.46 | -0.10 |
Correlation
The correlation between VSCSX and VSTBX is 0.96, 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
VSCSX vs. VSTBX - Dividend Comparison
VSCSX's dividend yield for the trailing twelve months is around 4.02%, which matches VSTBX's 4.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 4.02% | 4.32% | 4.27% | 3.07% | 1.98% | 1.78% | 2.25% | 2.85% | 2.66% | 2.26% | 1.93% | 2.21% |
VSTBX Vanguard Short-Term Corporate Bond Index Fund Institutional Shares | 4.04% | 4.34% | 4.29% | 3.09% | 2.00% | 1.80% | 2.27% | 5.40% | 2.67% | 2.27% | 1.96% | 2.25% |
Drawdowns
VSCSX vs. VSTBX - Drawdown Comparison
The maximum VSCSX drawdown since its inception was -9.36%, roughly equal to the maximum VSTBX drawdown of -9.34%. Use the drawdown chart below to compare losses from any high point for VSCSX and VSTBX.
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Drawdown Indicators
| VSCSX | VSTBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.36% | -9.34% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.36% | -1.31% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -9.36% | -9.34% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -9.36% | -9.34% | -0.02% |
Current DrawdownCurrent decline from peak | -1.04% | -1.05% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -0.96% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.33% | +0.01% |
Volatility
VSCSX vs. VSTBX - Volatility Comparison
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) has a higher volatility of 0.81% compared to Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX) at 0.76%. This indicates that VSCSX's price experiences larger fluctuations and is considered to be riskier than VSTBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSCSX | VSTBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.76% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.16% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 1.98% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.70% | 2.70% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.36% | 2.37% | -0.01% |