BIV vs. VGSH
Compare and contrast key facts about Vanguard Intermediate-Term Bond ETF (BIV) and Vanguard Short-Term Treasury ETF (VGSH).
BIV and VGSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both BIV and VGSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIV or VGSH.
Key characteristics
| BIV | VGSH | |
|---|---|---|
| YTD Return | 2.91% | 1.39% |
| 1Y Return | -1.41% | 0.07% |
| 5Y Return (Ann) | 1.56% | 0.99% |
| 10Y Return (Ann) | 1.75% | 0.72% |
| Sharpe Ratio | -0.13 | 0.04 |
| Daily Std Dev | 8.90% | 2.96% |
| Max Drawdown | -18.95% | -5.70% |
Correlation
The correlation between BIV and VGSH is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BIV vs. VGSH - Performance Comparison
In the year-to-date period, BIV achieves a 2.91% return, which is significantly higher than VGSH's 1.39% return. Over the past 10 years, BIV has outperformed VGSH with an annualized return of 1.75%, while VGSH has yielded a comparatively lower 0.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIV vs. VGSH - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 3.56%, more than VGSH's 2.33% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | 3.56% | 2.44% | 3.54% | 3.16% | 3.03% | 3.26% | 3.14% | 2.86% | 3.71% | 5.01% | 5.54% | 6.88% |
VGSH Vanguard Short-Term Treasury ETF | 2.33% | 1.16% | 0.68% | 1.80% | 2.39% | 1.92% | 1.20% | 0.91% | 0.79% | 0.51% | 0.38% | 0.59% |
BIV vs. VGSH - Expense Ratio Comparison
BIV vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond ETF (BIV) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | -0.13 | ||||
VGSH Vanguard Short-Term Treasury ETF | 0.04 |
BIV vs. VGSH - Drawdown Comparison
The maximum BIV drawdown for the period was -15.83%, lower than the maximum VGSH drawdown of -5.02%. The drawdown chart below compares losses from any high point along the way for BIV and VGSH
BIV vs. VGSH - Volatility Comparison
Vanguard Intermediate-Term Bond ETF (BIV) has a higher volatility of 1.82% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.71%. This indicates that BIV'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.