VTILX vs. VTIIX
VTILX (Vanguard Total International Bond II Index Fund) and VTIIX (Vanguard Total International Bond II Index Fund Investor Class) are both Global Bonds funds from Vanguard - VTILX tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) while VTIIX tracks the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged. Both are passively managed. Over the past 5 years, VTILX returned -0.02%/yr vs -0.10%/yr for VTIIX. Their 0.98 correlation means they have historically moved very closely together. VTILX charges 0.07%/yr vs 0.11%/yr for VTIIX.
Performance
VTILX vs. VTIIX - Performance Comparison
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Returns By Period
In the year-to-date period, VTILX achieves a 0.25% return, which is significantly higher than VTIIX's 0.20% return.
VTILX
- 1D
- 0.04%
- 1M
- -0.77%
- 6M
- -0.17%
- YTD
- 0.25%
- 1Y
- 1.28%
- 3Y*
- 3.99%
- 5Y*
- -0.02%
- 10Y*
- —
- ALL TIME*
- 0.36%
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 |
VTILX vs. VTIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTILX Vanguard Total International Bond II Index Fund | 0.25% | 2.96% | 3.91% | 8.85% | -13.01% | -0.26% |
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 VTILX and VTIIX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2021 | 0.98 |
The correlation between VTILX and VTIIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
VTILX vs. VTIIX — Risk / Return Rank
VTILX
VTIIX
VTILX vs. VTIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond II Index Fund (VTILX) 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.
| VTILX | VTIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.45 | +0.04 |
| Martin ratioReturn relative to average drawdown | 1.26 | 1.14 | +0.12 |
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Drawdowns
VTILX vs. VTIIX - Drawdown Comparison
The maximum VTILX drawdown since its inception was -15.85%, roughly equal to the maximum VTIIX drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for VTILX and VTIIX.
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Drawdown Indicators
| VTILX | VTIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -15.95% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.94% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.90% | -2.94% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -15.95% | +0.10% |
Current DrawdownCurrent decline from peak | -1.60% | -1.70% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -5.90% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.16% | -0.03% |
Volatility
VTILX vs. VTIIX - Volatility Comparison
Vanguard Total International Bond II Index Fund (VTILX) and Vanguard Total International Bond II Index Fund Investor Class (VTIIX) have volatilities of 0.85% and 0.81%, 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
| VTILX | VTIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.81% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 2.77% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 3.23% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 4.55% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 4.41% | -0.08% |
VTILX vs. VTIIX - Expense Ratio Comparison
VTILX has a 0.07% expense ratio, which is lower than VTIIX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VTILX vs. VTIIX - Dividend Comparison
VTILX's dividend yield for the trailing twelve months is around 4.18%, more than VTIIX's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
VTIIX Vanguard Total International Bond II Index Fund Investor Class | 4.13% | 4.21% | 4.46% | 4.16% | 0.89% | 0.58% |
VTILX Vanguard Total International Bond II Index Fund | 4.18% | 4.27% | 4.52% | 4.22% | 0.94% | 0.62% |
Frequently Asked Questions
With a correlation of 0.96, VTILX 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.
VTILX has higher volatility (0.85%) compared to VTIIX (0.81%). In terms of maximum drawdown, VTILX dropped -15.85% vs VTIIX's -15.95%.
VTILX currently has the higher Sharpe Ratio (0.46 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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