VTINX vs. VBTIX
Compare and contrast key facts about Vanguard Target Retirement Income Fund (VTINX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX).
VTINX is managed by Vanguard. It was launched on Oct 27, 2003. VBTIX is managed by Vanguard. It was launched on Sep 18, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTINX or VBTIX.
Key characteristics
| VTINX | VBTIX | |
|---|---|---|
| YTD Return | 7.44% | 4.76% |
| 1Y Return | 12.81% | 10.16% |
| 3Y Return (Ann) | 1.35% | -1.70% |
| 5Y Return (Ann) | 4.35% | 0.69% |
| 10Y Return (Ann) | 4.37% | 1.88% |
| Sharpe Ratio | 2.37 | 1.58 |
| Daily Std Dev | 5.52% | 6.28% |
| Max Drawdown | -19.96% | -18.66% |
| Current Drawdown | 0.00% | -5.79% |
Correlation
The correlation between VTINX and VBTIX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VTINX vs. VBTIX - Performance Comparison
In the year-to-date period, VTINX achieves a 7.44% return, which is significantly higher than VBTIX's 4.76% return. Over the past 10 years, VTINX has outperformed VBTIX with an annualized return of 4.37%, while VBTIX has yielded a comparatively lower 1.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTINX vs. VBTIX - Expense Ratio Comparison
VTINX has a 0.08% expense ratio, which is higher than VBTIX'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%.
Risk-Adjusted Performance
VTINX vs. VBTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement Income Fund (VTINX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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.
Dividends
VTINX vs. VBTIX - Dividend Comparison
VTINX's dividend yield for the trailing twelve months is around 4.15%, more than VBTIX's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTINX Vanguard Target Retirement Income Fund | 4.15% | 4.01% | 3.08% | 8.63% | 3.42% | 2.62% | 4.19% | 2.51% | 2.27% | 3.53% | 2.16% | 3.20% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.39% | 3.10% | 2.61% | 2.12% | 2.41% | 2.75% | 2.58% | 2.57% | 2.53% | 2.39% | 2.61% | 2.59% |
Drawdowns
VTINX vs. VBTIX - Drawdown Comparison
The maximum VTINX drawdown since its inception was -19.96%, which is greater than VBTIX's maximum drawdown of -18.66%. Use the drawdown chart below to compare losses from any high point for VTINX and VBTIX. For additional features, visit the drawdowns tool.
Volatility
VTINX vs. VBTIX - Volatility Comparison
Vanguard Target Retirement Income Fund (VTINX) has a higher volatility of 1.34% compared to Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) at 1.14%. This indicates that VTINX's price experiences larger fluctuations and is considered to be riskier than VBTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.