VTTVX vs. VBINX
VTTVX (Vanguard Target Retirement 2025 Fund) and VBINX (Vanguard Balanced Index Fund) are both Diversified Portfolio funds from Vanguard. Over the past 10 years, VTTVX returned 7.99%/yr vs 9.97%/yr for VBINX. With a 0.97 correlation, they move nearly in lockstep. VTTVX charges 0.08%/yr vs 0.18%/yr for VBINX.
Performance
VTTVX vs. VBINX - Performance Comparison
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Returns By Period
In the year-to-date period, VTTVX achieves a 6.82% return, which is significantly lower than VBINX's 7.32% return. Over the past 10 years, VTTVX has underperformed VBINX with an annualized return of 7.99%, while VBINX has yielded a comparatively higher 9.97% annualized return.
VTTVX
- 1D
- 0.19%
- 1M
- 3.00%
- YTD
- 6.82%
- 6M
- 7.29%
- 1Y
- 16.99%
- 3Y*
- 12.88%
- 5Y*
- 6.14%
- 10Y*
- 7.99%
VBINX
- 1D
- 0.15%
- 1M
- 3.69%
- YTD
- 7.32%
- 6M
- 7.20%
- 1Y
- 19.24%
- 3Y*
- 15.97%
- 5Y*
- 8.48%
- 10Y*
- 9.97%
VTTVX vs. VBINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTTVX Vanguard Target Retirement 2025 Fund | 6.82% | 14.63% | 9.23% | 14.76% | -15.57% | 9.78% | 13.31% | 19.63% | -5.14% | 13.68% |
VBINX Vanguard Balanced Index Fund | 7.32% | 13.46% | 17.63% | 17.41% | -16.98% | 13.62% | 16.26% | 21.67% | -2.97% | 13.75% |
Correlation
The correlation between VTTVX and VBINX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2003 | 0.97 |
The correlation between VTTVX and VBINX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
VTTVX vs. VBINX — Risk / Return Rank
VTTVX
VBINX
VTTVX vs. VBINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2025 Fund (VTTVX) and Vanguard Balanced Index Fund (VBINX). 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.
| VTTVX | VBINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.46 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.39 | -0.31 |
| Martin ratioReturn relative to average drawdown | 13.50 | 15.44 | -1.95 |
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
| VTTVX | VBINX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.50 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.77 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.89 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.79 | -0.22 |
Drawdowns
VTTVX vs. VBINX - Drawdown Comparison
The maximum VTTVX drawdown since its inception was -46.03%, which is greater than VBINX's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for VTTVX and VBINX.
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Drawdown Indicators
| VTTVX | VBINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -35.97% | -10.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -5.84% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -7.84% | -11.60% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -21.61% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -22.51% | -22.78% | +0.27% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.14% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 1.28% | -0.01% |
Volatility
VTTVX vs. VBINX - Volatility Comparison
Vanguard Target Retirement 2025 Fund (VTTVX) and Vanguard Balanced Index Fund (VBINX) have volatilities of 2.24% and 2.26%, 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
| VTTVX | VBINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 2.26% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 6.13% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.83% | 7.91% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.09% | 11.10% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.94% | 11.23% | -1.29% |
VTTVX vs. VBINX - Expense Ratio Comparison
VTTVX has a 0.08% expense ratio, which is lower than VBINX's 0.18% 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
VTTVX vs. VBINX - Dividend Comparison
VTTVX's dividend yield for the trailing twelve months is around 6.91%, more than VBINX's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBINX Vanguard Balanced Index Fund | 5.11% | 5.89% | 7.88% | 4.25% | 2.71% | 2.71% | 2.54% | 2.19% | 2.20% | 1.83% | 1.97% | 1.95% |
VTTVX Vanguard Target Retirement 2025 Fund | 6.91% | 7.38% | 7.63% | 3.96% | 2.96% | 16.28% | 4.35% | 2.57% | 3.14% | 0.47% | 2.68% | 4.98% |
Frequently Asked Questions
With a correlation of 0.96, VTTVX and VBINX 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.
VBINX has higher volatility (2.26%) compared to VTTVX (2.24%). In terms of maximum drawdown, VTTVX dropped -46.03% vs VBINX's -35.97%.
VTTVX currently has the higher Sharpe Ratio (2.52 vs 2.50), 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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