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IVE vs. VCSH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVE vs. VCSH

Last updated Jun 6, 2026

IVE (iShares S&P 500 Value ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both exchange-traded funds - IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index, while VCSH is a Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, IVE returned 11.62%/yr vs 2.67%/yr for VCSH. At a 0.06 correlation, their price movements are largely independent. IVE charges 0.18%/yr vs 0.04%/yr for VCSH.

Performance

IVE vs. VCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Value ETF (IVE) and Vanguard Short-Term Corporate Bond ETF (VCSH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IVE achieves a 7.22% return, which is significantly higher than VCSH's 0.41% return. Over the past 10 years, IVE has outperformed VCSH with an annualized return of 11.62%, while VCSH has yielded a comparatively lower 2.67% annualized return.

IVE

1D
-1.15%
1M
0.79%
YTD
7.22%
6M
7.77%
1Y
21.32%
3Y*
15.38%
5Y*
10.49%
10Y*
11.62%

VCSH

1D
-0.29%
1M
-0.26%
YTD
0.41%
6M
0.83%
1Y
4.30%
3Y*
5.47%
5Y*
2.27%
10Y*
2.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVE vs. VCSH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVE
iShares S&P 500 Value ETF		7.22%13.02%12.03%22.07%-5.41%24.72%1.22%31.62%-9.22%15.24%
VCSH
Vanguard Short-Term Corporate Bond ETF		0.41%6.77%4.91%6.20%-5.62%-0.63%5.13%7.02%0.92%2.17%

Correlation

The correlation between IVE and VCSH is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

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

0.28

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

0.12

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

0.06

Over the past year, IVE and VCSH have become more correlated (0.34) than their long-term average of 0.06, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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

iShares S&P 500 Value ETF

Vanguard Short-Term Corporate Bond ETF

Often compared with IVE:
IVE vs. IVWIVE vs. IVVIVE vs. SPYIVE vs. VTVIVE vs. QQQIVE vs. VOOIVE vs. VOOV
Often compared with VCSH:
VCSH vs. VGSHVCSH vs. IGSBVCSH vs. BSVVCSH vs. BNDVCSH vs. VTIPVCSH vs. JPSTVCSH vs. VFSTX

Return for Risk

IVE vs. VCSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVE
IVE Risk / Return Rank: 6969
Overall Rank
IVE Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IVE Sortino Ratio Rank: 6767
Sortino Ratio Rank
IVE Omega Ratio Rank: 6666
Omega Ratio Rank
IVE Calmar Ratio Rank: 7171
Calmar Ratio Rank
IVE Martin Ratio Rank: 7272
Martin Ratio Rank
VCSH
VCSH Risk / Return Rank: 7373
Overall Rank
VCSH Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VCSH Sortino Ratio Rank: 8181
Sortino Ratio Rank
VCSH Omega Ratio Rank: 7777
Omega Ratio Rank
VCSH Calmar Ratio Rank: 6464
Calmar Ratio Rank
VCSH Martin Ratio Rank: 7070
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.

IVE vs. VCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) 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.

IVEVCSHDifference
Sharpe ratioReturn per unit of total volatility
2.17
2.29

-0.12

Sortino ratioReturn per unit of downside risk
3.01
3.54

-0.53

Omega ratioGain probability vs. loss probability

1.39

1.44

-0.06

Calmar ratioReturn relative to maximum drawdown

3.46

3.08

+0.38

Martin ratioReturn relative to average drawdown

13.19

12.69

+0.50

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

IVE vs. VCSH - Sharpe Ratio Comparison

The current IVE Sharpe Ratio is 2.17, which is comparable to the VCSH Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of IVE and VCSH, 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

IVEVCSHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

2.29

-0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.79

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.80

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

1.01

-0.62

Drawdowns

IVE vs. VCSH - Drawdown Comparison

The maximum IVE drawdown since its inception was -61.32%, which is greater than VCSH's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for IVE and VCSH.

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Drawdown Indicators

IVEVCSHDifference

Max Drawdown

Largest peak-to-trough decline

-61.32%

-12.86%

-48.46%

Max Drawdown (1Y)

Largest decline over 1 year

-6.19%

-1.40%

-4.79%

Max Drawdown (3Y)

Largest decline over 3 years

-17.58%

-1.40%

-16.18%

Max Drawdown (5Y)

Largest decline over 5 years

-18.04%

-9.48%

-8.56%

Max Drawdown (10Y)

Largest decline over 10 years

-37.04%

-12.86%

-24.18%

Current Drawdown

Current decline from peak

-1.15%

-0.55%

-0.60%

Average Drawdown

Average peak-to-trough decline

-10.10%

-0.97%

-9.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.62%

0.34%

+1.28%

Volatility

IVE vs. VCSH - Volatility Comparison

iShares S&P 500 Value ETF (IVE) has a higher volatility of 2.39% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.62%. This indicates that IVE'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.

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Volatility by Period

IVEVCSHDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.39%

0.62%

+1.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.17%

1.41%

+5.76%

Volatility (1Y)

Calculated over the trailing 1-year period

9.88%

1.90%

+7.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.41%

2.88%

+11.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.96%

3.35%

+13.61%

IVE vs. VCSH - Expense Ratio Comparison

IVE has a 0.18% 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

IVE vs. VCSH - Dividend Comparison

IVE's dividend yield for the trailing twelve months is around 1.52%, less than VCSH's 4.46% yield.

PositionTTM20252024202320222021202020192018201720162015
IVE
iShares S&P 500 Value ETF		1.52%1.61%2.04%1.65%2.10%1.81%2.37%2.11%2.74%2.12%2.26%2.44%
VCSH
Vanguard Short-Term Corporate Bond ETF		4.46%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

IVE and VCSH have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVE has higher volatility (2.39%) compared to VCSH (0.62%). In terms of maximum drawdown, IVE dropped -61.32% vs VCSH's -12.86%.

On 10-year performance, IVE leads with 11.62% vs 2.67% for VCSH. On fees, VCSH is cheaper at 0.04% per year. On volatility, VCSH has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVE has performed better with a 11.62% return vs 2.67%. 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 0.18% for IVE.

VCSH has the higher dividend yield at 4.46%, compared with 1.52% for IVE.

IVE is categorized as Large Cap Value Equities, while VCSH is Corporate Bonds. IVE tracks S&P 500 Value Index, while VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IVE and 0.04% for VCSH.

VCSH currently has the higher Sharpe Ratio (2.29 vs 2.17), 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.

Portfolio Optimizer

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