VTBIX vs. VBIPX
Compare and contrast key facts about Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX).
VTBIX is managed by Vanguard. VBIPX is managed by Vanguard. It was launched on Sep 29, 2011.
Performance
VTBIX vs. VBIPX - Performance Comparison
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VTBIX vs. VBIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | -0.40% | 7.11% | 1.25% | 5.03% | -13.18% | -1.88% | 7.47% | 8.62% | -0.32% | 3.53% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | -0.22% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
Returns By Period
In the year-to-date period, VTBIX achieves a -0.40% return, which is significantly lower than VBIPX's -0.22% return. Over the past 10 years, VTBIX has underperformed VBIPX with an annualized return of 1.47%, while VBIPX has yielded a comparatively higher 1.88% annualized return.
VTBIX
- 1D
- 0.21%
- 1M
- -1.65%
- YTD
- -0.40%
- 6M
- 0.38%
- 1Y
- 3.55%
- 3Y*
- 3.21%
- 5Y*
- 0.02%
- 10Y*
- 1.47%
VBIPX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.22%
- 6M
- 0.78%
- 1Y
- 3.67%
- 3Y*
- 4.03%
- 5Y*
- 1.52%
- 10Y*
- 1.88%
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VTBIX vs. VBIPX - Expense Ratio Comparison
VTBIX has a 0.09% expense ratio, which is higher than VBIPX's 0.04% 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
VTBIX vs. VBIPX — Risk / Return Rank
VTBIX
VBIPX
VTBIX vs. VBIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX). 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.
| VTBIX | VBIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.59 | -0.71 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.60 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.73 | -1.11 |
Martin ratioReturn relative to average drawdown | 4.54 | 9.97 | -5.43 |
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
| VTBIX | VBIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.59 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.52 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.79 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.78 | -0.52 |
Correlation
The correlation between VTBIX and VBIPX is 0.81, 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
VTBIX vs. VBIPX - Dividend Comparison
VTBIX's dividend yield for the trailing twelve months is around 3.61%, which matches VBIPX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | 3.61% | 3.88% | 3.70% | 2.53% | 2.47% | 1.75% | 3.20% | 2.72% | 2.51% | 2.43% | 2.48% | 2.64% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.62% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
Drawdowns
VTBIX vs. VBIPX - Drawdown Comparison
The maximum VTBIX drawdown since its inception was -18.72%, which is greater than VBIPX's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for VTBIX and VBIPX.
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Drawdown Indicators
| VTBIX | VBIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -8.72% | -10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.54% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -8.69% | -9.42% |
Max Drawdown (10Y)Largest decline over 10 years | -18.72% | -8.72% | -10.00% |
Current DrawdownCurrent decline from peak | -3.67% | -1.16% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -1.19% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.42% | +0.53% |
Volatility
VTBIX vs. VBIPX - Volatility Comparison
Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) has a higher volatility of 1.52% compared to Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) at 0.73%. This indicates that VTBIX's price experiences larger fluctuations and is considered to be riskier than VBIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTBIX | VBIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.73% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.50% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 2.42% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 2.93% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 2.39% | +2.52% |