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EFV vs. VGSH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFV vs. VGSH

Last updated Jun 4, 2026

EFV (iShares MSCI EAFE Value ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value 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 10 years, EFV returned 9.75%/yr vs 1.74%/yr for VGSH. At a correlation of -0.08, they often move in opposite directions. EFV charges 0.39%/yr vs 0.03%/yr for VGSH.

Performance

EFV vs. VGSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Value ETF (EFV) and Vanguard Short-Term Treasury ETF (VGSH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EFV achieves a 9.13% return, which is significantly higher than VGSH's 0.48% return. Over the past 10 years, EFV has outperformed VGSH with an annualized return of 9.75%, while VGSH has yielded a comparatively lower 1.74% annualized return.

EFV

1D
-0.78%
1M
2.26%
YTD
9.13%
6M
12.94%
1Y
27.83%
3Y*
21.99%
5Y*
12.07%
10Y*
9.75%

VGSH

1D
-0.03%
1M
0.08%
YTD
0.48%
6M
0.74%
1Y
3.43%
3Y*
4.15%
5Y*
1.81%
10Y*
1.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EFV vs. VGSH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFV
iShares MSCI EAFE Value ETF		9.13%42.22%5.35%18.85%-5.22%11.08%-2.97%15.80%-14.67%21.22%
VGSH
Vanguard Short-Term Treasury ETF		0.48%5.07%4.00%4.31%-3.86%-0.60%3.04%3.52%1.55%0.04%

Correlation

The correlation between EFV and VGSH is 0.29, 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 (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

-0.03

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2009

-0.08

The correlation between EFV and VGSH shifts across timeframes, from -0.08 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

iShares MSCI EAFE Value ETF

Vanguard Short-Term Treasury ETF

Often compared with EFV:
EFV vs. VEAEFV vs. EFAVEFV vs. DFIVXEFV vs. FIVAEFV vs. VOOEFV vs. SCHFEFV vs. VTRIX
Often compared with VGSH:
VGSH vs. sgovVGSH vs. SHVVGSH vs. SHYVGSH vs. SGOVVGSH vs. BNDVGSH vs. VTIPVGSH vs. VCSH

Return for Risk

EFV vs. VGSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EFV
EFV Risk / Return Rank: 5555
Overall Rank
EFV Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EFV Sortino Ratio Rank: 5656
Sortino Ratio Rank
EFV Omega Ratio Rank: 5757
Omega Ratio Rank
EFV Calmar Ratio Rank: 5151
Calmar Ratio Rank
EFV Martin Ratio Rank: 5555
Martin Ratio Rank
VGSH
VGSH Risk / Return Rank: 8383
Overall Rank
VGSH Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
VGSH Sortino Ratio Rank: 9191
Sortino Ratio Rank
VGSH Omega Ratio Rank: 8888
Omega Ratio Rank
VGSH Calmar Ratio Rank: 7676
Calmar Ratio Rank
VGSH Martin Ratio Rank: 7878
Martin Ratio Rank
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.

EFV vs. VGSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) 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.

EFVVGSHDifference

Sharpe ratio

Return per unit of total volatility

1.97

2.68

-0.71

Sortino ratio

Return per unit of downside risk

2.73

4.43

-1.70

Omega ratio

Gain probability vs. loss probability

1.36

1.57

-0.21

Calmar ratio

Return relative to maximum drawdown

2.57

3.90

-1.33

Martin ratio

Return relative to average drawdown

9.57

15.52

-5.94

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFV vs. VGSH - Sharpe Ratio Comparison

The current EFV Sharpe Ratio is 1.97, which is comparable to the VGSH Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of EFV and VGSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EFVVGSHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.97

2.68

-0.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.93

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

1.11

-0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

1.01

-0.75

Drawdowns

EFV vs. VGSH - Drawdown Comparison

The maximum EFV drawdown since its inception was -63.94%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for EFV and VGSH.

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Drawdown Indicators

EFVVGSHDifference

Max Drawdown

Largest peak-to-trough decline

-63.94%

-5.70%

-58.24%

Max Drawdown (1Y)

Largest decline over 1 year

-10.90%

-0.88%

-10.02%

Max Drawdown (3Y)

Largest decline over 3 years

-13.72%

-0.97%

-12.75%

Max Drawdown (5Y)

Largest decline over 5 years

-25.84%

-5.66%

-20.18%

Max Drawdown (10Y)

Largest decline over 10 years

-43.16%

-5.70%

-37.46%

Current Drawdown

Current decline from peak

-2.51%

-0.29%

-2.22%

Average Drawdown

Average peak-to-trough decline

-14.83%

-0.60%

-14.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

0.22%

+2.69%

Volatility

EFV vs. VGSH - Volatility Comparison

iShares MSCI EAFE Value ETF (EFV) has a higher volatility of 4.52% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.35%. This indicates that EFV'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

EFVVGSHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.52%

0.35%

+4.17%

Volatility (6M)

Calculated over the trailing 6-month period

11.56%

0.88%

+10.68%

Volatility (1Y)

Calculated over the trailing 1-year period

14.21%

1.29%

+12.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.96%

1.97%

+13.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.86%

1.57%

+16.29%

EFV vs. VGSH - Expense Ratio Comparison

EFV has a 0.39% expense ratio, which is higher than VGSH's 0.03% expense ratio.

Dividends

EFV vs. VGSH - Dividend Comparison

EFV's dividend yield for the trailing twelve months is around 3.81%, less than VGSH's 3.87% yield.

PositionTTM20252024202320222021202020192018201720162015
EFV
iShares MSCI EAFE Value ETF		3.81%4.16%4.66%4.36%4.17%4.07%2.42%4.62%4.56%3.56%3.28%3.59%
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

EFV and VGSH have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EFV has higher volatility (4.52%) compared to VGSH (0.35%). In terms of maximum drawdown, EFV dropped -63.94% vs VGSH's -5.70%.

On 10-year performance, EFV leads with 9.75% vs 1.74% 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 10-year period, EFV has performed better with a 9.75% return vs 1.74%. 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 0.39% for EFV.

VGSH has the higher dividend yield at 3.87%, compared with 3.81% for EFV.

EFV is categorized as Foreign Large Cap Equities, while VGSH is Government Bonds. EFV tracks MSCI EAFE Value Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for EFV and 0.03% for VGSH.

VGSH currently has the higher Sharpe Ratio (2.68 vs 1.97), 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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