VTIBX vs. VTIIX
VTIBX (Vanguard Total International Bond Index Fund) and VTIIX (Vanguard Total International Bond II Index Fund Investor Class) are both Global Bonds funds from Vanguard. Over the past 5 years, VTIBX returned -0.03%/yr vs -0.10%/yr for VTIIX. Their 0.96 correlation means they have historically moved very closely together. VTIBX charges 0.13%/yr vs 0.11%/yr for VTIIX.
Performance
VTIBX vs. VTIIX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VTIBX at 0.20% and VTIIX at 0.20%.
VTIBX
- 1D
- 0.10%
- 1M
- -0.73%
- 6M
- -0.11%
- YTD
- 0.20%
- 1Y
- 1.30%
- 3Y*
- 3.98%
- 5Y*
- -0.03%
- 10Y*
- 1.45%
- ALL TIME*
- 2.32%
VTIIX
- 1D
- 0.00%
- 1M
- -0.80%
- 6M
- -0.25%
- YTD
- 0.20%
- 1Y
- 1.22%
- 3Y*
- 3.89%
- 5Y*
- -0.10%
- 10Y*
- —
- ALL TIME*
- 0.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VTIBX vs. VTIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTIBX Vanguard Total International Bond Index Fund | 0.20% | 2.98% | 3.84% | 8.86% | -12.97% | -0.37% |
VTIIX Vanguard Total International Bond II Index Fund Investor Class | 0.20% | 2.95% | 3.82% | 8.72% | -13.03% | -0.52% |
Correlation
The correlation between VTIBX and VTIIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2021 | 0.96 |
The correlation between VTIBX and VTIIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
VTIBX vs. VTIIX — Risk / Return Rank
VTIBX
VTIIX
VTIBX vs. VTIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund (VTIBX) and Vanguard Total International Bond II Index Fund Investor Class (VTIIX). 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.
| VTIBX | VTIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.45 | +0.03 |
| Martin ratioReturn relative to average drawdown | 1.20 | 1.14 | +0.06 |
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Drawdowns
VTIBX vs. VTIIX - Drawdown Comparison
The maximum VTIBX drawdown since its inception was -16.15%, roughly equal to the maximum VTIIX drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for VTIBX and VTIIX.
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Drawdown Indicators
| VTIBX | VTIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -15.95% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -2.94% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -2.95% | -2.94% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -15.95% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -16.15% | — | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.70% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -5.90% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.16% | +0.01% |
Volatility
VTIBX vs. VTIIX - Volatility Comparison
Vanguard Total International Bond Index Fund (VTIBX) has a higher volatility of 0.89% compared to Vanguard Total International Bond II Index Fund Investor Class (VTIIX) at 0.81%. This indicates that VTIBX's price experiences larger fluctuations and is considered to be riskier than VTIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIBX | VTIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.81% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.77% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 3.23% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 4.55% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.66% | 4.41% | -0.75% |
VTIBX vs. VTIIX - Expense Ratio Comparison
VTIBX has a 0.13% expense ratio, which is higher than VTIIX's 0.11% 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
VTIBX vs. VTIIX - Dividend Comparison
VTIBX's dividend yield for the trailing twelve months is around 4.25%, more than VTIIX's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIBX Vanguard Total International Bond Index Fund | 4.25% | 4.33% | 4.31% | 4.37% | 1.41% | 3.68% | 1.06% | 3.36% | 2.98% | 2.21% | 1.76% | 1.61% |
VTIIX Vanguard Total International Bond II Index Fund Investor Class | 4.13% | 4.21% | 4.46% | 4.16% | 0.89% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, VTIBX and VTIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTIBX has higher volatility (0.89%) compared to VTIIX (0.81%). In terms of maximum drawdown, VTIBX dropped -16.15% vs VTIIX's -15.95%.
VTIBX currently has the higher Sharpe Ratio (0.44 vs 0.41), 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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