VTIFX vs. VTBNX
Compare and contrast key facts about Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) and Vanguard Total Bond Market II Index Fund (VTBNX).
VTIFX is managed by Vanguard. It was launched on May 31, 2013. VTBNX is managed by Vanguard.
Performance
VTIFX vs. VTBNX - Performance Comparison
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VTIFX vs. VTBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIFX Vanguard Total International Bond Index Fund Institutional Shares | -0.77% | 3.02% | 3.91% | 9.04% | -12.89% | -2.20% | 4.59% | 7.89% | 2.99% | 2.43% |
VTBNX Vanguard Total Bond Market II Index Fund | -0.60% | 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, VTIFX achieves a -0.77% return, which is significantly lower than VTBNX's -0.60% return. Over the past 10 years, VTIFX has outperformed VTBNX with an annualized return of 1.72%, while VTBNX has yielded a comparatively lower 1.56% annualized return.
VTIFX
- 1D
- 0.28%
- 1M
- -2.61%
- YTD
- -0.77%
- 6M
- -0.26%
- 1Y
- 2.39%
- 3Y*
- 3.79%
- 5Y*
- 0.20%
- 10Y*
- 1.72%
VTBNX
- 1D
- 0.42%
- 1M
- -2.26%
- YTD
- -0.60%
- 6M
- 0.40%
- 1Y
- 3.62%
- 3Y*
- 3.40%
- 5Y*
- 0.22%
- 10Y*
- 1.56%
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VTIFX vs. VTBNX - Expense Ratio Comparison
VTIFX has a 0.07% 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
VTIFX vs. VTBNX — Risk / Return Rank
VTIFX
VTBNX
VTIFX vs. VTBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) 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.
| VTIFX | VTBNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.98 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.10 | 1.41 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.77 | -0.85 |
Martin ratioReturn relative to average drawdown | 3.89 | 5.02 | -1.13 |
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
| VTIFX | VTBNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.98 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.04 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.32 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.36 | +0.36 |
Correlation
The correlation between VTIFX and VTBNX is 0.74, 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
VTIFX vs. VTBNX - Dividend Comparison
VTIFX's dividend yield for the trailing twelve months is around 4.26%, more than VTBNX's 3.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIFX Vanguard Total International Bond Index Fund Institutional Shares | 4.26% | 4.40% | 4.38% | 4.60% | 1.52% | 3.73% | 1.12% | 3.42% | 3.03% | 2.29% | 1.84% | 1.68% |
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
VTIFX vs. VTBNX - Drawdown Comparison
The maximum VTIFX drawdown since its inception was -16.07%, smaller than the maximum VTBNX drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for VTIFX and VTBNX.
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Drawdown Indicators
| VTIFX | VTBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.07% | -18.71% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.67% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.75% | -18.05% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -16.07% | -18.71% | +2.64% |
Current DrawdownCurrent decline from peak | -2.61% | -3.11% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -4.91% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.94% | -0.26% |
Volatility
VTIFX vs. VTBNX - Volatility Comparison
The current volatility for Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) is 1.41%, while Vanguard Total Bond Market II Index Fund (VTBNX) has a volatility of 1.52%. This indicates that VTIFX 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
| VTIFX | VTBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.52% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 2.54% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 4.32% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 5.92% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 4.91% | -1.34% |