VTINX vs. VBTLX
Compare and contrast key facts about Vanguard Target Retirement Income Fund (VTINX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
VTINX is managed by Vanguard. It was launched on Oct 27, 2003. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
VTINX vs. VBTLX - Performance Comparison
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VTINX vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTINX Vanguard Target Retirement Income Fund | -0.46% | 11.31% | 6.66% | 10.66% | -12.75% | 5.24% | 10.02% | 13.16% | -1.98% | 7.46% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | -0.28% | 7.17% | 1.26% | 5.74% | -13.16% | -1.81% | 7.72% | 8.73% | -0.25% | 3.56% |
Returns By Period
In the year-to-date period, VTINX achieves a -0.46% return, which is significantly lower than VBTLX's -0.28% return. Over the past 10 years, VTINX has outperformed VBTLX with an annualized return of 4.94%, while VBTLX has yielded a comparatively lower 1.62% annualized return.
VTINX
- 1D
- 0.96%
- 1M
- -2.70%
- YTD
- -0.46%
- 6M
- 0.80%
- 1Y
- 9.06%
- 3Y*
- 7.86%
- 5Y*
- 3.59%
- 10Y*
- 4.94%
VBTLX
- 1D
- 0.21%
- 1M
- -1.63%
- YTD
- -0.28%
- 6M
- 0.40%
- 1Y
- 3.66%
- 3Y*
- 3.51%
- 5Y*
- 0.19%
- 10Y*
- 1.62%
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VTINX vs. VBTLX - Expense Ratio Comparison
VTINX has a 0.08% expense ratio, which is higher than VBTLX's 0.05% 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
VTINX vs. VBTLX — Risk / Return Rank
VTINX
VBTLX
VTINX vs. VBTLX - Risk-Adjusted Trends 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 Admiral Shares (VBTLX). 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.
| VTINX | VBTLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 0.92 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.39 | 1.33 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.16 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.66 | +0.63 |
Martin ratioReturn relative to average drawdown | 9.59 | 4.70 | +4.89 |
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
| VTINX | VBTLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.92 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.03 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.33 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.76 | +0.14 |
Correlation
The correlation between VTINX and VBTLX is 0.28, 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.
Dividends
VTINX vs. VBTLX - Dividend Comparison
VTINX's dividend yield for the trailing twelve months is around 5.05%, more than VBTLX's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTINX Vanguard Target Retirement Income Fund | 5.05% | 5.02% | 5.89% | 4.01% | 3.08% | 8.63% | 3.42% | 2.62% | 4.19% | 1.56% | 2.27% | 3.53% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.61% | 3.87% | 3.69% | 3.10% | 2.59% | 1.96% | 2.39% | 2.74% | 2.57% | 2.56% | 2.53% | 2.82% |
Drawdowns
VTINX vs. VBTLX - Drawdown Comparison
The maximum VTINX drawdown since its inception was -19.96%, which is greater than VBTLX's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for VTINX and VBTLX.
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Drawdown Indicators
| VTINX | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -18.81% | -1.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -2.73% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -18.14% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -17.02% | -18.81% | +1.79% |
Current DrawdownCurrent decline from peak | -3.04% | -2.86% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -2.67% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.97% | +0.02% |
Volatility
VTINX vs. VBTLX - Volatility Comparison
Vanguard Target Retirement Income Fund (VTINX) has a higher volatility of 2.50% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 1.55%. This indicates that VTINX's price experiences larger fluctuations and is considered to be riskier than VBTLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTINX | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 1.55% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 2.59% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 4.36% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 5.98% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.69% | 4.97% | +0.72% |