IBND vs. VUSB
IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) and VUSB (Vanguard Ultra-Short Bond ETF) are both exchange-traded funds - IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while VUSB is a Ultrashort Bond fund actively managed by Vanguard. IBND is passively managed, while VUSB is actively managed. Over the past 5 years, IBND returned -1.48%/yr vs 3.50%/yr for VUSB. At a 0.48 correlation, their price movements are largely independent. IBND charges 0.50%/yr vs 0.10%/yr for VUSB.
Performance
IBND vs. VUSB - Performance Comparison
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Returns By Period
In the year-to-date period, IBND achieves a -2.74% return, which is significantly lower than VUSB's 1.71% return.
IBND
- 1D
- -0.68%
- 1M
- -1.81%
- 6M
- -2.62%
- YTD
- -2.74%
- 1Y
- -1.37%
- 3Y*
- 4.39%
- 5Y*
- -1.48%
- 10Y*
- 0.56%
VUSB
- 1D
- -0.03%
- 1M
- 0.23%
- 6M
- 1.61%
- YTD
- 1.71%
- 1Y
- 4.28%
- 3Y*
- 5.28%
- 5Y*
- 3.50%
- 10Y*
- —
IBND vs. VUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.74% | 16.17% | -2.81% | 10.38% | -19.44% | -4.60% |
VUSB Vanguard Ultra-Short Bond ETF | 1.71% | 5.20% | 5.68% | 5.52% | -0.36% | 0.08% |
Correlation
The correlation between IBND and VUSB is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.48 |
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Return for Risk
IBND vs. VUSB — Risk / Return Rank
IBND
VUSB
IBND vs. VUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and Vanguard Ultra-Short Bond ETF (VUSB). 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.
| IBND | VUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.55 | ||
| Sortino ratioReturn per unit of downside risk | -11.03 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 3.03 | -2.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 11.59 | -11.79 |
| Martin ratioReturn relative to average drawdown | -0.48 | 65.45 | -65.94 |
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Drawdowns
IBND vs. VUSB - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.62%, which is greater than VUSB's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for IBND and VUSB.
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Drawdown Indicators
| IBND | VUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -1.79% | -33.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -0.37% | -6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -9.18% | -0.46% | -8.72% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -1.79% | -31.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | — | — |
Current DrawdownCurrent decline from peak | -10.97% | -0.04% | -10.93% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -0.27% | -10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 0.07% | +2.77% |
Volatility
IBND vs. VUSB - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.12% compared to Vanguard Ultra-Short Bond ETF (VUSB) at 0.25%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than VUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBND | VUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.25% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 0.56% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 0.68% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 0.84% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 0.82% | +8.10% |
IBND vs. VUSB - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than VUSB's 0.10% expense ratio.
Dividends
IBND vs. VUSB - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.81%, less than VUSB's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.81% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
VUSB Vanguard Ultra-Short Bond ETF | 4.35% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBND and VUSB have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBND has higher volatility (2.12%) compared to VUSB (0.25%). In terms of maximum drawdown, IBND dropped -35.62% vs VUSB's -1.79%.
On 5-year performance, VUSB leads with 3.50% vs -1.48% for IBND. On fees, VUSB is cheaper at 0.10% per year. On volatility, VUSB has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VUSB has performed better with a 3.50% return vs -1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VUSB is cheaper with a 0.10% expense ratio, compared with 0.50% for IBND.
VUSB has the higher dividend yield at 4.35%, compared with 2.81% for IBND.
IBND is categorized as Corporate Bonds, while VUSB is Ultrashort Bond. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.50% for IBND and 0.10% for VUSB.
VUSB currently has the higher Sharpe Ratio (6.38 vs -0.17), 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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