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IBND vs. VCSH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IBND and VCSH is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.4

Performance

IBND vs. VCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and Vanguard Short-Term Corporate Bond ETF (VCSH). The values are adjusted to include any dividend payments, if applicable.

-8.00%-6.00%-4.00%-2.00%0.00%2.00%SeptemberOctoberNovemberDecember2025February
-2.75%
1.89%
IBND
VCSH

Key characteristics

Sharpe Ratio

IBND:

0.34

VCSH:

2.92

Sortino Ratio

IBND:

0.55

VCSH:

4.54

Omega Ratio

IBND:

1.06

VCSH:

1.59

Calmar Ratio

IBND:

0.12

VCSH:

5.17

Martin Ratio

IBND:

0.74

VCSH:

13.59

Ulcer Index

IBND:

3.60%

VCSH:

0.47%

Daily Std Dev

IBND:

7.80%

VCSH:

2.21%

Max Drawdown

IBND:

-35.63%

VCSH:

-12.86%

Current Drawdown

IBND:

-19.39%

VCSH:

0.00%

Returns By Period

In the year-to-date period, IBND achieves a 2.32% return, which is significantly higher than VCSH's 1.30% return. Over the past 10 years, IBND has underperformed VCSH with an annualized return of -0.29%, while VCSH has yielded a comparatively higher 2.40% annualized return.


IBND

YTD

2.32%

1M

1.25%

6M

-3.96%

1Y

2.58%

5Y*

-1.63%

10Y*

-0.29%

VCSH

YTD

1.30%

1M

0.97%

6M

1.84%

1Y

6.54%

5Y*

1.93%

10Y*

2.40%

*Annualized

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IBND vs. VCSH - Expense Ratio Comparison

IBND has a 0.50% expense ratio, which is higher than VCSH's 0.04% expense ratio.


Expense ratio chart for IBND: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for VCSH: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

IBND vs. VCSH — Risk-Adjusted Performance Rank

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

IBND
The Risk-Adjusted Performance Rank of IBND is 1414
Overall Rank
The Sharpe Ratio Rank of IBND is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of IBND is 1515
Sortino Ratio Rank
The Omega Ratio Rank of IBND is 1414
Omega Ratio Rank
The Calmar Ratio Rank of IBND is 1212
Calmar Ratio Rank
The Martin Ratio Rank of IBND is 1414
Martin Ratio Rank

VCSH
The Risk-Adjusted Performance Rank of VCSH is 9595
Overall Rank
The Sharpe Ratio Rank of VCSH is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of VCSH is 9797
Sortino Ratio Rank
The Omega Ratio Rank of VCSH is 9696
Omega Ratio Rank
The Calmar Ratio Rank of VCSH is 9696
Calmar Ratio Rank
The Martin Ratio Rank of VCSH is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IBND vs. VCSH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) 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.


The chart of Sharpe ratio for IBND, currently valued at 0.34, compared to the broader market0.002.004.000.342.92
The chart of Sortino ratio for IBND, currently valued at 0.55, compared to the broader market-2.000.002.004.006.008.0010.0012.000.554.54
The chart of Omega ratio for IBND, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.061.59
The chart of Calmar ratio for IBND, currently valued at 0.12, compared to the broader market0.005.0010.0015.000.125.17
The chart of Martin ratio for IBND, currently valued at 0.74, compared to the broader market0.0020.0040.0060.0080.00100.000.7413.59
IBND
VCSH

The current IBND Sharpe Ratio is 0.34, which is lower than the VCSH Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of IBND and VCSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00SeptemberOctoberNovemberDecember2025February
0.34
2.92
IBND
VCSH

Dividends

IBND vs. VCSH - Dividend Comparison

IBND's dividend yield for the trailing twelve months is around 2.52%, less than VCSH's 3.99% yield.


TTM20242023202220212020201920182017201620152014
IBND
SPDR Bloomberg Barclays International Corporate Bond ETF
2.52%2.61%2.08%0.54%0.37%0.45%0.67%0.70%0.34%0.01%0.01%1.66%
VCSH
Vanguard Short-Term Corporate Bond ETF
3.99%3.96%3.09%2.01%1.81%2.27%2.87%2.65%2.25%2.10%2.08%2.01%

Drawdowns

IBND vs. VCSH - Drawdown Comparison

The maximum IBND drawdown since its inception was -35.63%, which is greater than VCSH's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for IBND and VCSH. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2025February
-19.39%
0
IBND
VCSH

Volatility

IBND vs. VCSH - Volatility Comparison

SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.38% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.52%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%SeptemberOctoberNovemberDecember2025February
2.38%
0.52%
IBND
VCSH