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Vanguard Short-Term Treasury ETF (VGSH)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS92206C1027
CUSIP92206C102
IssuerVanguard
Inception DateNov 19, 2009
RegionNorth America (U.S.)
CategoryGovernment Bonds
Index TrackedBarclays U.S. 1-3 Year Government Float Adjusted Index
Home Pageadvisors.vanguard.com
Asset ClassBond

Expense Ratio

VGSH has an expense ratio of 0.04%, which is considered low compared to other funds.


Expense ratio chart for VGSH: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Vanguard Short-Term Treasury ETF

Popular comparisons: VGSH vs. BND, VGSH vs. VTIP, VGSH vs. SHV, VGSH vs. SCHO, VGSH vs. SHY, VGSH vs. VUSB, VGSH vs. VCSH, VGSH vs. JPST, VGSH vs. BNDX, VGSH vs. USFR

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard Short-Term Treasury ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%100.00%200.00%300.00%400.00%FebruaryMarchAprilMayJuneJuly
16.68%
397.63%
VGSH (Vanguard Short-Term Treasury ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Vanguard Short-Term Treasury ETF had a return of 1.79% year-to-date (YTD) and 4.77% in the last 12 months. Over the past 10 years, Vanguard Short-Term Treasury ETF had an annualized return of 1.14%, while the S&P 500 had an annualized return of 10.77%, indicating that Vanguard Short-Term Treasury ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date1.79%15.41%
1 month0.66%0.33%
6 months1.84%13.74%
1 year4.77%21.39%
5 years (annualized)1.12%13.11%
10 years (annualized)1.14%10.77%

Monthly Returns

The table below presents the monthly returns of VGSH, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.36%-0.45%0.32%-0.38%0.73%0.57%1.79%
20230.74%-0.75%1.69%0.23%-0.39%-0.48%0.29%0.47%-0.11%0.35%1.05%1.16%4.31%
2022-0.72%-0.40%-1.42%-0.48%0.56%-0.59%0.39%-0.75%-1.18%-0.14%0.67%0.16%-3.86%
20210.04%-0.02%-0.08%0.07%0.08%-0.20%0.18%-0.01%-0.12%-0.30%-0.06%-0.18%-0.60%
20200.56%0.89%1.34%0.03%0.08%0.00%0.10%-0.05%0.01%-0.02%0.03%0.02%3.04%
20190.20%0.07%0.62%0.22%0.78%0.45%-0.06%0.81%-0.17%0.37%-0.03%0.21%3.52%
2018-0.31%-0.04%0.18%-0.17%0.38%0.00%-0.04%0.36%-0.15%0.12%0.40%0.83%1.56%
2017-0.20%0.05%0.06%0.16%0.10%-0.06%0.17%0.20%-0.16%-0.12%-0.17%-0.02%0.03%
20160.58%0.09%0.16%0.03%-0.15%0.71%-0.12%-0.23%0.19%-0.09%-0.46%0.38%1.09%
20150.48%-0.22%0.20%0.10%0.07%0.01%0.12%-0.08%0.27%-0.15%-0.22%-0.06%0.51%
20140.12%0.06%-0.15%0.14%0.14%-0.07%-0.01%0.14%-0.06%0.24%0.14%-0.23%0.46%
2013-0.02%0.05%0.02%0.07%-0.10%-0.01%0.08%-0.13%0.24%0.07%0.05%0.00%0.32%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of VGSH is 91, placing it in the top 9% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of VGSH is 9191
VGSH (Vanguard Short-Term Treasury ETF)
The Sharpe Ratio Rank of VGSH is 9595Sharpe Ratio Rank
The Sortino Ratio Rank of VGSH is 9696Sortino Ratio Rank
The Omega Ratio Rank of VGSH is 9696Omega Ratio Rank
The Calmar Ratio Rank of VGSH is 7171Calmar Ratio Rank
The Martin Ratio Rank of VGSH is 9696Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


VGSH
Sharpe ratio
The chart of Sharpe ratio for VGSH, currently valued at 2.55, compared to the broader market0.002.004.006.002.55
Sortino ratio
The chart of Sortino ratio for VGSH, currently valued at 4.17, compared to the broader market0.005.0010.0015.004.17
Omega ratio
The chart of Omega ratio for VGSH, currently valued at 1.52, compared to the broader market1.002.003.001.52
Calmar ratio
The chart of Calmar ratio for VGSH, currently valued at 1.35, compared to the broader market0.005.0010.0015.0020.001.35
Martin ratio
The chart of Martin ratio for VGSH, currently valued at 17.31, compared to the broader market0.0050.00100.00150.0017.31
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.82, compared to the broader market0.002.004.006.001.82
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.59, compared to the broader market0.005.0010.0015.002.59
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.32, compared to the broader market1.002.003.001.32
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.45, compared to the broader market0.005.0010.0015.0020.001.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.82, compared to the broader market0.0050.00100.00150.006.82

Sharpe Ratio

The current Vanguard Short-Term Treasury ETF Sharpe ratio is 2.55. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Vanguard Short-Term Treasury ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
2.55
1.82
VGSH (Vanguard Short-Term Treasury ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Short-Term Treasury ETF granted a 3.93% dividend yield in the last twelve months. The annual payout for that period amounted to $2.29 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$2.29$1.93$0.66$0.40$1.07$1.39$1.08$0.66$0.50$0.43$0.28$0.21

Dividend yield

3.93%3.31%1.15%0.66%1.74%2.28%1.79%1.10%0.82%0.71%0.46%0.34%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Short-Term Treasury ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.20$0.19$0.20$0.20$0.21$0.20$1.20
2023$0.00$0.12$0.12$0.14$0.14$0.15$0.16$0.17$0.17$0.18$0.19$0.38$1.93
2022$0.00$0.02$0.02$0.02$0.03$0.04$0.05$0.06$0.06$0.07$0.09$0.21$0.66
2021$0.00$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.01$0.22$0.40
2020$0.00$0.10$0.10$0.08$0.07$0.06$0.05$0.05$0.05$0.04$0.04$0.44$1.07
2019$0.00$0.12$0.11$0.13$0.12$0.12$0.12$0.12$0.11$0.11$0.11$0.21$1.39
2018$0.00$0.06$0.07$0.08$0.08$0.09$0.09$0.09$0.10$0.10$0.11$0.22$1.08
2017$0.00$0.03$0.05$0.05$0.05$0.05$0.06$0.05$0.06$0.06$0.06$0.14$0.66
2016$0.00$0.03$0.04$0.04$0.04$0.04$0.05$0.04$0.05$0.04$0.04$0.10$0.50
2015$0.00$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.11$0.43
2014$0.00$0.01$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.09$0.28
2013$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.06$0.21

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%FebruaryMarchAprilMayJuneJuly
-0.10%
-2.86%
VGSH (Vanguard Short-Term Treasury ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Short-Term Treasury ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Vanguard Short-Term Treasury ETF was 5.70%, occurring on Oct 20, 2022. Recovery took 393 trading sessions.

The current Vanguard Short-Term Treasury ETF drawdown is 0.10%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.7%Apr 21, 2021380Oct 20, 2022393May 15, 2024773
-1.09%Sep 8, 2017173May 16, 2018130Nov 19, 2018303
-0.94%Jul 6, 2016115Dec 15, 2016159Aug 4, 2017274
-0.83%Nov 5, 201067Feb 10, 201158May 5, 2011125
-0.74%Dec 2, 200921Dec 31, 200914Jan 22, 201035

Volatility

Volatility Chart

The current Vanguard Short-Term Treasury ETF volatility is 0.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%FebruaryMarchAprilMayJuneJuly
0.40%
2.76%
VGSH (Vanguard Short-Term Treasury ETF)
Benchmark (^GSPC)