BENJ vs. VGUS

Last updated Jun 5, 2026

BENJ (Horizon Landmark ETF) and VGUS (Vanguard Ultra-Short Treasury ETF) are both Ultrashort Bond funds. BENJ is actively managed, while VGUS is passively managed. Over the past year, BENJ returned 3.78% vs 3.93% for VGUS. At a 0.21 correlation, their price movements are largely independent. BENJ charges 0.40%/yr vs 0.07%/yr for VGUS.

Performance

BENJ vs. VGUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Landmark ETF (BENJ) and Vanguard Ultra-Short Treasury ETF (VGUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with BENJ at 1.46% and VGUS at 1.46%.

BENJ

• 1D: -0.01%
• 1M: 0.29%
• YTD: 1.46%
• 6M: 1.80%
• 1Y: 3.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGUS

• 1D: 0.01%
• 1M: 0.30%
• YTD: 1.46%
• 6M: 1.75%
• 1Y: 3.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BENJ vs. VGUS - Yearly Performance Comparison

	2026 (YTD)	2025
BENJ Horizon Landmark ETF	1.46%	3.50%
VGUS Vanguard Ultra-Short Treasury ETF	1.46%	3.77%

Correlation

The correlation between BENJ and VGUS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.21

Return for Risk

BENJ vs. VGUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 96
BENJ Martin Ratio Rank: 97

VGUS

VGUS Risk / Return Rank: 100
VGUS Sharpe Ratio Rank: 100
VGUS Sortino Ratio Rank: 100
VGUS Omega Ratio Rank: 100
VGUS Calmar Ratio Rank: 99
VGUS Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BENJ vs. VGUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Landmark ETF (BENJ) and Vanguard Ultra-Short Treasury ETF (VGUS). 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.

	BENJ	VGUS	Difference
Sharpe ratio: Return per unit of total volatility	5.65	12.05	-6.39
Sortino ratio: Return per unit of downside risk	9.14	34.92	-25.78
Omega ratio: Gain probability vs. loss probability	4.95	10.84	-5.89
Calmar ratio: Return relative to maximum drawdown	9.71	54.18	-44.47
Martin ratio: Return relative to average drawdown	45.83	411.30	-365.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BENJ vs. VGUS - Sharpe Ratio Comparison

The current BENJ Sharpe Ratio is 5.65, which is lower than the VGUS Sharpe Ratio of 12.05. The chart below compares the historical Sharpe Ratios of BENJ and VGUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BENJ	VGUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.65	12.05	-6.39
Sharpe Ratio (All Time) Calculated using the full available price history	6.41	11.74	-5.33

Drawdowns

BENJ vs. VGUS - Drawdown Comparison

The maximum BENJ drawdown since its inception was -0.39%, which is greater than VGUS's maximum drawdown of -0.07%. Use the drawdown chart below to compare losses from any high point for BENJ and VGUS.

Drawdown Indicators

	BENJ	VGUS	Difference
Max Drawdown Largest peak-to-trough decline	-0.39%	-0.07%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-0.39%	-0.07%	-0.32%
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.02%	-0.00%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	0.01%	+0.07%

Volatility

BENJ vs. VGUS - Volatility Comparison

The current volatility for Horizon Landmark ETF (BENJ) is 0.07%, while Vanguard Ultra-Short Treasury ETF (VGUS) has a volatility of 0.11%. This indicates that BENJ experiences smaller price fluctuations and is considered to be less risky than VGUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BENJ	VGUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	0.11%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	0.23%	0.18%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	0.67%	0.33%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.60%	0.34%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.60%	0.34%	+0.26%

BENJ vs. VGUS - Expense Ratio Comparison

BENJ has a 0.40% expense ratio, which is higher than VGUS's 0.07% expense ratio.

Dividends

BENJ vs. VGUS - Dividend Comparison

BENJ has not paid dividends to shareholders, while VGUS's dividend yield for the trailing twelve months is around 3.61%.

Position	TTM	2025
BENJ Horizon Landmark ETF	0.00%	0.00%
VGUS Vanguard Ultra-Short Treasury ETF	3.61%	3.12%

Frequently Asked Questions

Can I hold both BENJ and VGUS in my portfolio?

BENJ and VGUS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BENJ or VGUS?

VGUS has higher volatility (0.11%) compared to BENJ (0.07%). In terms of maximum drawdown, BENJ dropped -0.39% vs VGUS's -0.07%.

Which ETF is better, BENJ or VGUS?

On 1-year performance, VGUS leads with 3.93% vs 3.78% for BENJ. On fees, VGUS is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BENJ or VGUS?

Over the 1-year period, VGUS has performed better with a 3.93% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BENJ or VGUS?

VGUS is cheaper with a 0.07% expense ratio, compared with 0.40% for BENJ.

Which ETF pays a higher dividend yield, BENJ or VGUS?

VGUS has the higher dividend yield at 3.61%, compared with 0.00% for BENJ.

What is the main difference between BENJ and VGUS?

They also come from different issuers: Horizon and Vanguard. Their fees differ too: 0.40% for BENJ and 0.07% for VGUS.

Which has better risk-adjusted returns?

VGUS currently has the higher Sharpe Ratio (12.05 vs 5.65), 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.