VTPSX vs. VFSIX
VTPSX (Vanguard Total International Stock Index Fund Institutional Plus Shares) and VFSIX (Vanguard Short-Term Investment-Grade Fund Institutional Shares) are both mutual funds - VTPSX is a Foreign Large Cap Equities fund managed by Vanguard, while VFSIX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, VTPSX returned 9.89%/yr vs 2.63%/yr for VFSIX. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
VTPSX vs. VFSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VTPSX achieves a 15.42% return, which is significantly higher than VFSIX's 0.83% return. Over the past 10 years, VTPSX has outperformed VFSIX with an annualized return of 9.89%, while VFSIX has yielded a comparatively lower 2.63% annualized return.
VTPSX
- 1D
- 0.62%
- 1M
- 5.54%
- YTD
- 15.42%
- 6M
- 18.21%
- 1Y
- 33.40%
- 3Y*
- 19.84%
- 5Y*
- 8.85%
- 10Y*
- 9.89%
VFSIX
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 0.83%
- 6M
- 1.12%
- 1Y
- 4.82%
- 3Y*
- 5.55%
- 5Y*
- 2.37%
- 10Y*
- 2.63%
VTPSX vs. VFSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 15.42% | 32.25% | 5.39% | 15.31% | -15.99% | 8.64% | 11.29% | 21.57% | -14.40% | 27.56% |
VFSIX Vanguard Short-Term Investment-Grade Fund Institutional Shares | 0.83% | 6.89% | 5.12% | 5.88% | -5.72% | -0.59% | 5.28% | 5.88% | 1.00% | 2.15% |
Correlation
The correlation between VTPSX and VFSIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.04 |
Over the past year, VTPSX and VFSIX have become more correlated (0.32) than their long-term average of 0.04, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VTPSX vs. VFSIX — Risk / Return Rank
VTPSX
VFSIX
VTPSX vs. VFSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) and Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX). 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.
| VTPSX | VFSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.84 | +0.08 |
| Martin ratioReturn relative to average drawdown | 11.53 | 11.24 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VTPSX | VFSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.08 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.80 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 1.06 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.53 | -1.09 |
Drawdowns
VTPSX vs. VFSIX - Drawdown Comparison
The maximum VTPSX drawdown since its inception was -35.77%, which is greater than VFSIX's maximum drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for VTPSX and VFSIX.
Loading charts...
Drawdown Indicators
| VTPSX | VFSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.77% | -9.21% | -26.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -1.71% | -9.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.14% | -1.71% | -11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -9.21% | -20.33% |
Max Drawdown (10Y)Largest decline over 10 years | -35.77% | -9.21% | -26.56% |
Current DrawdownCurrent decline from peak | 0.00% | -0.23% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -0.79% | -7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 0.43% | +2.42% |
Volatility
VTPSX vs. VFSIX - Volatility Comparison
Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) has a higher volatility of 4.79% compared to Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) at 0.75%. This indicates that VTPSX's price experiences larger fluctuations and is considered to be riskier than VFSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VTPSX | VFSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 0.75% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 1.67% | +10.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 2.33% | +11.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 2.99% | +12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 2.49% | +13.44% |
VTPSX vs. VFSIX - Expense Ratio Comparison
Both VTPSX and VFSIX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VTPSX vs. VFSIX - Dividend Comparison
VTPSX's dividend yield for the trailing twelve months is around 2.63%, less than VFSIX's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSIX Vanguard Short-Term Investment-Grade Fund Institutional Shares | 4.74% | 4.61% | 4.19% | 2.88% | 2.06% | 1.81% | 2.35% | 2.95% | 2.80% | 2.13% | 2.17% | 2.12% |
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 2.63% | 3.18% | 3.37% | 3.25% | 3.09% | 3.09% | 2.13% | 3.08% | 3.20% | 2.77% | 2.97% | 2.89% |
Frequently Asked Questions
VTPSX and VFSIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTPSX has higher volatility (4.79%) compared to VFSIX (0.75%). In terms of maximum drawdown, VTPSX dropped -35.77% vs VFSIX's -9.21%.
VTPSX currently has the higher Sharpe Ratio (2.32 vs 2.08), 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.
Find the right allocation for VTPSX and VFSIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer