BBBS vs. VGSH
BBBS (Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - BBBS is a Short-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 1-5 Year Index, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past year, BBBS returned 4.44% vs 3.31% for VGSH. Their correlation of 0.84 suggests significant overlap in exposure. BBBS charges 0.19%/yr vs 0.03%/yr for VGSH.
Performance
BBBS vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, BBBS achieves a 0.77% return, which is significantly higher than VGSH's 0.54% return.
BBBS
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 0.77%
- 6M
- 1.23%
- 1Y
- 4.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGSH
- 1D
- 0.05%
- 1M
- 0.09%
- YTD
- 0.54%
- 6M
- 0.88%
- 1Y
- 3.31%
- 3Y*
- 4.15%
- 5Y*
- 1.82%
- 10Y*
- 1.74%
BBBS vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 0.77% | 6.67% | 4.96% |
VGSH Vanguard Short-Term Treasury ETF | 0.54% | 5.07% | 3.86% |
Correlation
The correlation between BBBS and VGSH is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.84 |
The correlation between BBBS and VGSH has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.
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Return for Risk
BBBS vs. VGSH — Risk / Return Rank
BBBS
VGSH
BBBS vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) and Vanguard Short-Term Treasury ETF (VGSH). 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.
| BBBS | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.55 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.76 | -0.68 |
| Martin ratioReturn relative to average drawdown | 12.59 | 15.00 | -2.41 |
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
| BBBS | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.60 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.37 | 1.02 | +1.35 |
Drawdowns
BBBS vs. VGSH - Drawdown Comparison
The maximum BBBS drawdown since its inception was -1.45%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for BBBS and VGSH.
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Drawdown Indicators
| BBBS | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -5.70% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -0.88% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.24% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -0.60% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.22% | +0.13% |
Volatility
BBBS vs. VGSH - Volatility Comparison
Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) has a higher volatility of 0.49% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.35%. This indicates that BBBS's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBBS | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.35% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.36% | 0.88% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 1.29% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.23% | 1.97% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.23% | 1.57% | +0.66% |
BBBS vs. VGSH - Expense Ratio Comparison
BBBS has a 0.19% expense ratio, which is higher than VGSH's 0.03% 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%.
Dividends
BBBS vs. VGSH - Dividend Comparison
BBBS's dividend yield for the trailing twelve months is around 4.58%, more than VGSH's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBS Bondbloxx BBB Rated 1-5 Year Corporate Bond ETF | 4.58% | 4.55% | 4.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.87% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
BBBS and VGSH have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBBS has higher volatility (0.49%) compared to VGSH (0.35%). In terms of maximum drawdown, BBBS dropped -1.45% vs VGSH's -5.70%.
On 1-year performance, BBBS leads with 4.44% vs 3.31% for VGSH. On fees, VGSH is cheaper at 0.03% per year. On volatility, VGSH has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBS has performed better with a 4.44% return vs 3.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.19% for BBBS.
BBBS has the higher dividend yield at 4.58%, compared with 3.87% for VGSH.
BBBS is categorized as Short-Term Bond, while VGSH is Government Bonds. BBBS tracks Bloomberg U.S. Corporate BBB 1-5 Year Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: BondBloxx and Vanguard. Their fees differ too: 0.19% for BBBS and 0.03% for VGSH.
VGSH currently has the higher Sharpe Ratio (2.60 vs 2.40), 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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