MSTI vs. VGSH
Compare and contrast key facts about Madison Short-Term Strategic Income ETF (MSTI) and Vanguard Short-Term Treasury ETF (VGSH).
MSTI and VGSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTI is an actively managed fund by Madison. It was launched on Sep 5, 2023. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009.
Performance
MSTI vs. VGSH - Performance Comparison
Loading graphics...
MSTI vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSTI Madison Short-Term Strategic Income ETF | 0.25% | 6.33% | 4.84% | 4.14% |
VGSH Vanguard Short-Term Treasury ETF | 0.28% | 5.07% | 4.00% | 2.78% |
Returns By Period
In the year-to-date period, MSTI achieves a 0.25% return, which is significantly lower than VGSH's 0.28% return.
MSTI
- 1D
- 0.34%
- 1M
- -0.68%
- YTD
- 0.25%
- 6M
- 1.49%
- 1Y
- 4.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGSH
- 1D
- 0.09%
- 1M
- -0.49%
- YTD
- 0.28%
- 6M
- 1.37%
- 1Y
- 3.75%
- 3Y*
- 3.98%
- 5Y*
- 1.79%
- 10Y*
- 1.74%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MSTI vs. VGSH - Expense Ratio Comparison
MSTI has a 0.40% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Return for Risk
MSTI vs. VGSH — Risk / Return Rank
MSTI
VGSH
MSTI vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Short-Term Strategic Income ETF (MSTI) and Vanguard Short-Term Treasury ETF (VGSH). 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.
| MSTI | VGSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 2.62 | -0.89 |
Sortino ratioReturn per unit of downside risk | 2.56 | 4.21 | -1.65 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.57 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.26 | -0.61 |
Martin ratioReturn relative to average drawdown | 14.37 | 16.28 | -1.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MSTI | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 2.62 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.24 | 1.02 | +1.23 |
Correlation
The correlation between MSTI and VGSH is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MSTI vs. VGSH - Dividend Comparison
MSTI's dividend yield for the trailing twelve months is around 5.32%, more than VGSH's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTI Madison Short-Term Strategic Income ETF | 5.32% | 5.40% | 5.48% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.95% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Drawdowns
MSTI vs. VGSH - Drawdown Comparison
The maximum MSTI drawdown since its inception was -1.48%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for MSTI and VGSH.
Loading graphics...
Drawdown Indicators
| MSTI | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.48% | -5.70% | +4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -0.88% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.69% | -0.49% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -0.60% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.23% | +0.10% |
Volatility
MSTI vs. VGSH - Volatility Comparison
Madison Short-Term Strategic Income ETF (MSTI) has a higher volatility of 0.92% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.52%. This indicates that MSTI's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MSTI | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.52% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 0.84% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 1.44% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 1.96% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 1.57% | +1.16% |