VSMIX vs. VITAX
VSMIX (Vanguard Short-Term Investment-Grade Fund Investor Shares) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both mutual funds - VSMIX is a Short-Term Bond fund managed by Vanguard, while VITAX is a Technology Equities fund tracking the MSCI US Investable Market Information Technology 25/50 Index. Over the past 10 years, VSMIX returned 18.01%/yr vs 25.78%/yr for VITAX. A 0.72 correlation means they provide meaningful diversification when combined. VSMIX charges 0.20%/yr vs 0.09%/yr for VITAX.
Performance
VSMIX vs. VITAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VSMIX having a 30.87% return and VITAX slightly higher at 31.69%. Over the past 10 years, VSMIX has underperformed VITAX with an annualized return of 18.01%, while VITAX has yielded a comparatively higher 25.78% annualized return.
VSMIX
- 1D
- -0.46%
- 1M
- 5.48%
- YTD
- 30.87%
- 6M
- 31.67%
- 1Y
- 61.75%
- 3Y*
- 32.81%
- 5Y*
- 19.65%
- 10Y*
- 18.01%
VITAX
- 1D
- -1.47%
- 1M
- 15.99%
- YTD
- 31.69%
- 6M
- 29.88%
- 1Y
- 59.67%
- 3Y*
- 33.49%
- 5Y*
- 22.22%
- 10Y*
- 25.78%
VSMIX vs. VITAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 30.87% | 18.01% | 24.82% | 23.14% | 4.58% | 36.67% | 11.14% | 32.32% | -25.45% | 18.47% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 31.69% | 21.78% | 29.26% | 52.69% | -29.67% | 30.36% | 45.93% | 48.72% | 2.51% | 37.07% |
Correlation
The correlation between VSMIX and VITAX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2005 | 0.72 |
The correlation between VSMIX and VITAX shifts across timeframes, from 0.61 (10 years) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VSMIX vs. VITAX — Risk / Return Rank
VSMIX
VITAX
VSMIX vs. VITAX - 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 Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.
| VSMIX | VITAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.47 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 3.69 | +1.78 |
| Martin ratioReturn relative to average drawdown | 19.41 | 11.77 | +7.64 |
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
| VSMIX | VITAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.03 | 2.93 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.88 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 1.04 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.67 | -0.18 |
Drawdowns
VSMIX vs. VITAX - Drawdown Comparison
The maximum VSMIX drawdown since its inception was -57.53%, roughly equal to the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VSMIX and VITAX.
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Drawdown Indicators
| VSMIX | VITAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.53% | -54.81% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -16.38% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -27.38% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -35.10% | +9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -57.53% | -35.10% | -22.43% |
Current DrawdownCurrent decline from peak | -0.46% | -1.47% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -8.02% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 5.13% | -1.93% |
Volatility
VSMIX vs. VITAX - Volatility Comparison
Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX) have volatilities of 6.35% and 6.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSMIX | VITAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 6.42% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 16.18% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 20.67% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.18% | 25.39% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 24.84% | +1.87% |
VSMIX vs. VITAX - Expense Ratio Comparison
VSMIX has a 0.20% expense ratio, which is higher than VITAX's 0.09% 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%.
Dividends
VSMIX vs. VITAX - Dividend Comparison
VSMIX's dividend yield for the trailing twelve months is around 6.52%, more than VITAX's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.31% | 0.40% | 0.60% | 0.65% | 0.91% | 0.63% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
VSMIX Vanguard Short-Term Investment-Grade Fund Investor Shares | 6.52% | 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 VITAX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VITAX has higher volatility (6.42%) compared to VSMIX (6.35%). In terms of maximum drawdown, VSMIX dropped -57.53% vs VITAX's -54.81%.
VSMIX currently has the higher Sharpe Ratio (3.03 vs 2.93), 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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