BSV vs. GC=F

Last updated Jun 13, 2026

BSV (Vanguard Short-Term Bond Index Fund ETF Shares) is Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, while GC=F (Gold Futures) is an asset. At a 0.06 correlation, their price movements are largely independent.

Performance

BSV vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSV

• 1D: 0.00%
• 1M: 0.14%
• YTD: 0.42%
• 6M: 0.75%
• 1Y: 3.58%
• 3Y*: 4.57%
• 5Y*: 1.63%
• 10Y*: 1.94%

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSV vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BSV Vanguard Short-Term Bond Index Fund ETF Shares	0.42%	6.00%	3.78%	4.90%	-4.52%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.84%

Correlation

The correlation between BSV and GC=F is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.06

Return for Risk

BSV vs. GC=F — Risk / Return Rank

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

BSV

BSV Risk / Return Rank: 71
BSV Sharpe Ratio Rank: 72
BSV Sortino Ratio Rank: 84
BSV Omega Ratio Rank: 76
BSV Calmar Ratio Rank: 64
BSV Martin Ratio Rank: 60

GC=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BSV vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund ETF Shares (BSV) and Gold Futures (GC=F). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSV	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	2.01	—	—
Sortino ratio: Return per unit of downside risk	3.23	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	9.42	—	—

Drawdowns

Drawdown Indicators

	BSV	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-8.54%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-8.54%	—	—
Current Drawdown Current decline from peak	-0.50%	—	—
Average Drawdown Average peak-to-trough decline	-0.97%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	—	—

Volatility

Volatility by Period

	BSV	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.79%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.73%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.38%	—	—

Frequently Asked Questions

Can I hold both BSV and GC=F in my portfolio?

BSV and GC=F have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.