VSGDX vs. VTBNX
Compare and contrast key facts about Vanguard Short-Term Federal Fund Admiral Shares (VSGDX) and Vanguard Total Bond Market II Index Fund (VTBNX).
VSGDX is managed by Vanguard. It was launched on Feb 12, 2001. VTBNX is managed by Vanguard.
Performance
VSGDX vs. VTBNX - Performance Comparison
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VSGDX vs. VTBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSGDX Vanguard Short-Term Federal Fund Admiral Shares | 0.15% | 5.94% | 4.26% | 3.92% | -5.22% | -0.58% | 4.46% | 4.21% | 1.37% | 0.80% |
VTBNX Vanguard Total Bond Market II Index Fund | -0.39% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | -0.27% | 3.62% |
Returns By Period
In the year-to-date period, VSGDX achieves a 0.15% return, which is significantly higher than VTBNX's -0.39% return. Over the past 10 years, VSGDX has outperformed VTBNX with an annualized return of 1.89%, while VTBNX has yielded a comparatively lower 1.58% annualized return.
VSGDX
- 1D
- 0.10%
- 1M
- -0.68%
- YTD
- 0.15%
- 6M
- 1.23%
- 1Y
- 4.04%
- 3Y*
- 4.31%
- 5Y*
- 1.67%
- 10Y*
- 1.89%
VTBNX
- 1D
- 0.21%
- 1M
- -1.65%
- YTD
- -0.39%
- 6M
- 0.40%
- 1Y
- 3.62%
- 3Y*
- 3.47%
- 5Y*
- 0.19%
- 10Y*
- 1.58%
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VSGDX vs. VTBNX - Expense Ratio Comparison
VSGDX has a 0.10% expense ratio, which is higher than VTBNX's 0.02% 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
VSGDX vs. VTBNX — Risk / Return Rank
VSGDX
VTBNX
VSGDX vs. VTBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Federal Fund Admiral Shares (VSGDX) and Vanguard Total Bond Market II Index Fund (VTBNX). 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.
| VSGDX | VTBNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.90 | +0.93 |
Sortino ratioReturn per unit of downside risk | 3.09 | 1.30 | +1.79 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.16 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.65 | +1.65 |
Martin ratioReturn relative to average drawdown | 12.08 | 4.63 | +7.45 |
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
| VSGDX | VTBNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.90 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.03 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.32 | +0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.37 | +0.88 |
Correlation
The correlation between VSGDX and VTBNX is 0.78, 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
VSGDX vs. VTBNX - Dividend Comparison
VSGDX's dividend yield for the trailing twelve months is around 3.57%, less than VTBNX's 3.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSGDX Vanguard Short-Term Federal Fund Admiral Shares | 3.57% | 3.79% | 3.56% | 3.42% | 1.78% | 1.45% | 1.78% | 2.42% | 2.02% | 1.46% | 1.43% | 1.30% |
VTBNX Vanguard Total Bond Market II Index Fund | 3.68% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% | 0.00% |
Drawdowns
VSGDX vs. VTBNX - Drawdown Comparison
The maximum VSGDX drawdown since its inception was -7.29%, smaller than the maximum VTBNX drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for VSGDX and VTBNX.
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Drawdown Indicators
| VSGDX | VTBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.29% | -18.71% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -2.67% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -7.29% | -18.05% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -7.29% | -18.71% | +11.42% |
Current DrawdownCurrent decline from peak | -0.87% | -2.91% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -4.91% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.95% | -0.58% |
Volatility
VSGDX vs. VTBNX - Volatility Comparison
The current volatility for Vanguard Short-Term Federal Fund Admiral Shares (VSGDX) is 0.74%, while Vanguard Total Bond Market II Index Fund (VTBNX) has a volatility of 1.52%. This indicates that VSGDX experiences smaller price fluctuations and is considered to be less risky than VTBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSGDX | VTBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.52% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 2.54% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 4.31% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.64% | 5.92% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.14% | 4.91% | -2.77% |