VSMIX vs. MU
VSMIX (Vanguard Short-Term Investment-Grade Fund Investor Shares) is Short-Term Bond fund managed by Vanguard, while MU (Micron Technology, Inc.) is a stock. Over the past 10 years, VSMIX returned 17.21%/yr vs 51.34%/yr for MU. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
VSMIX vs. MU - Performance Comparison
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Returns By Period
In the year-to-date period, VSMIX achieves a 25.70% return, which is significantly lower than MU's 212.95% return. Over the past 10 years, VSMIX has underperformed MU with an annualized return of 17.21%, while MU has yielded a comparatively higher 51.34% annualized return.
VSMIX
- 1D
- 2.14%
- 1M
- -1.56%
- 6M
- 11.56%
- YTD
- 25.70%
- 1Y
- 45.86%
- 3Y*
- 25.94%
- 5Y*
- 21.13%
- 10Y*
- 17.21%
- ALL TIME*
- 12.06%
MU
- 1D
- 7.62%
- 1M
- -8.48%
- 6M
- 112.95%
- YTD
- 212.95%
- 1Y
- 729.64%
- 3Y*
- 134.60%
- 5Y*
- 62.22%
- 10Y*
- 51.34%
- ALL TIME*
- 17.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.11B | $41.22B | $49.34B | |
| $0.00 | $0.00 | $0.00 |
VSMIX vs. MU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 25.70% | 18.01% | 24.82% | 23.14% | 4.58% | 36.67% | 11.14% | 32.32% | -25.45% | 18.47% |
MU Micron Technology, Inc. | 212.95% | 240.24% | -0.96% | 71.93% | -45.93% | 24.21% | 39.79% | 69.49% | -22.84% | 87.59% |
Correlation
The correlation between VSMIX and MU is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2005 | 0.54 |
The correlation between VSMIX and MU has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
VSMIX vs. MU — Risk / Return Rank
VSMIX
MU
VSMIX vs. MU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) and Micron Technology, Inc. (MU). 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.
| VSMIX | MU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.66 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 18.84 | -14.83 |
| Martin ratioReturn relative to average drawdown | 12.46 | 69.20 | -56.74 |
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Drawdowns
VSMIX vs. MU - Drawdown Comparison
The maximum VSMIX drawdown since its inception was -57.53%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for VSMIX and MU.
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Drawdown Indicators
| VSMIX | MU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.53% | -98.25% | +40.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -39.10% | +27.01% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -57.63% | +32.37% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -57.63% | +32.37% |
Max Drawdown (10Y)Largest decline over 10 years | -57.53% | -57.63% | +0.10% |
Current DrawdownCurrent decline from peak | -6.78% | -26.43% | +19.65% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -58.01% | +48.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 10.62% | -6.73% |
Volatility
VSMIX vs. MU - Volatility Comparison
The current volatility for Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) is 7.62%, while Micron Technology, Inc. (MU) has a volatility of 31.80%. This indicates that VSMIX experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSMIX | MU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 31.80% | -24.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.58% | 67.59% | -49.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 81.05% | -57.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.46% | 56.42% | -32.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.72% | 51.47% | -24.75% |
Dividends
VSMIX vs. MU - Dividend Comparison
VSMIX's dividend yield for the trailing twelve months is around 6.79%, more than MU's 0.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 6.79% | 8.53% | 7.40% | 4.71% | 9.53% | 15.84% | 0.40% | 2.37% | 26.83% | 15.94% | 1.65% | 10.91% |
Frequently Asked Questions
VSMIX and MU have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MU has higher volatility (31.80%) compared to VSMIX (7.62%). In terms of maximum drawdown, VSMIX dropped -57.53% vs MU's -98.25%.
MU currently has the higher Sharpe Ratio (9.09 vs 2.09), 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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