IGSB vs. VCSH
Compare and contrast key facts about iShares Short-Term Corporate Bond ETF (IGSB) and Vanguard Short-Term Corporate Bond ETF (VCSH).
IGSB and VCSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009. Both IGSB and VCSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGSB or VCSH.
Key characteristics
| IGSB | VCSH | |
|---|---|---|
| YTD Return | 4.77% | 4.66% |
| 1Y Return | 8.54% | 8.41% |
| 3Y Return (Ann) | 1.54% | 1.45% |
| 5Y Return (Ann) | 2.12% | 2.01% |
| 10Y Return (Ann) | 2.19% | 2.33% |
| Sharpe Ratio | 3.16 | 3.20 |
| Sortino Ratio | 5.15 | 5.21 |
| Omega Ratio | 1.66 | 1.67 |
| Calmar Ratio | 2.02 | 1.91 |
| Martin Ratio | 20.32 | 19.82 |
| Ulcer Index | 0.41% | 0.41% |
| Daily Std Dev | 2.62% | 2.55% |
| Max Drawdown | -13.38% | -12.86% |
| Current Drawdown | -0.77% | -0.80% |
Correlation
The correlation between IGSB and VCSH is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IGSB vs. VCSH - Performance Comparison
The year-to-date returns for both stocks are quite close, with IGSB having a 4.77% return and VCSH slightly lower at 4.66%. Over the past 10 years, IGSB has underperformed VCSH with an annualized return of 2.19%, while VCSH has yielded a comparatively higher 2.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGSB vs. VCSH - Expense Ratio Comparison
IGSB has a 0.06% 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%.
Risk-Adjusted Performance
IGSB vs. VCSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term Corporate Bond ETF (IGSB) 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.
Dividends
IGSB vs. VCSH - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 3.90%, more than VCSH's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 3.90% | 3.26% | 2.07% | 1.82% | 2.37% | 3.07% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% | 1.17% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.81% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
IGSB vs. VCSH - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, roughly equal to the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for IGSB and VCSH. For additional features, visit the drawdowns tool.
Volatility
IGSB vs. VCSH - Volatility Comparison
iShares Short-Term Corporate Bond ETF (IGSB) and Vanguard Short-Term Corporate Bond ETF (VCSH) have volatilities of 0.62% and 0.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.