GSIG vs. VCSH
GSIG (Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both Corporate Bonds funds - GSIG tracks the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index while VCSH tracks the Bloomberg U.S. 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, GSIG returned 2.18%/yr vs 2.37%/yr for VCSH. With a 0.96 correlation, they move nearly in lockstep. GSIG charges 0.14%/yr vs 0.04%/yr for VCSH.
Performance
GSIG vs. VCSH - Performance Comparison
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Returns By Period
In the year-to-date period, GSIG achieves a 0.68% return, which is significantly lower than VCSH's 0.72% return.
GSIG
- 1D
- 0.01%
- 1M
- 0.20%
- YTD
- 0.68%
- 6M
- 0.91%
- 1Y
- 4.01%
- 3Y*
- 5.39%
- 5Y*
- 2.18%
- 10Y*
- —
VCSH
- 1D
- 0.10%
- 1M
- 0.35%
- YTD
- 0.72%
- 6M
- 0.95%
- 1Y
- 4.09%
- 3Y*
- 5.59%
- 5Y*
- 2.37%
- 10Y*
- 2.65%
GSIG vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 0.68% | 6.69% | 4.72% | 6.06% | -5.80% | -0.81% | 1.59% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.72% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 1.85% |
Correlation
The correlation between GSIG and VCSH is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | 0.96 |
The correlation between GSIG and VCSH has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
GSIG vs. VCSH — Risk / Return Rank
GSIG
VCSH
GSIG vs. VCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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.
| GSIG | VCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.42 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.93 | +0.20 |
| Martin ratioReturn relative to average drawdown | 12.77 | 11.86 | +0.91 |
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Drawdowns
GSIG vs. VCSH - Drawdown Comparison
The maximum GSIG drawdown since its inception was -9.57%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for GSIG and VCSH.
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Drawdown Indicators
| GSIG | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -12.86% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -1.40% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.40% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -9.48% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.24% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -0.96% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.35% | +0.01% |
Volatility
GSIG vs. VCSH - Volatility Comparison
The current volatility for Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is 0.57%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.69%. This indicates that GSIG experiences smaller price fluctuations and is considered to be less risky than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSIG | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.69% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.35% | 1.48% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 1.92% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.89% | 2.89% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 3.35% | -0.64% |
GSIG vs. VCSH - Expense Ratio Comparison
GSIG has a 0.14% expense ratio, which is higher than VCSH's 0.04% 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
GSIG vs. VCSH - Dividend Comparison
GSIG's dividend yield for the trailing twelve months is around 4.34%, less than VCSH's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSIG Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF | 4.34% | 4.61% | 4.59% | 3.51% | 2.21% | 1.04% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.45% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Frequently Asked Questions
GSIG and VCSH have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCSH has higher volatility (0.69%) compared to GSIG (0.57%). In terms of maximum drawdown, GSIG dropped -9.57% vs VCSH's -12.86%.
On 5-year performance, VCSH leads with 2.37% vs 2.18% for GSIG. On fees, VCSH is cheaper at 0.04% per year. On volatility, GSIG has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCSH has performed better with a 2.37% return vs 2.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.14% for GSIG.
VCSH has the higher dividend yield at 4.45%, compared with 4.34% for GSIG.
GSIG tracks FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index, while VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.14% for GSIG and 0.04% for VCSH.
GSIG currently has the higher Sharpe Ratio (2.48 vs 2.14), 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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