SHAG vs. BSV
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both Short-Term Bond funds - SHAG tracks the Bloomberg U.S. Short Aggregate Enhanced Yield Index while BSV tracks the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past 5 years, SHAG returned 1.62%/yr vs 1.66%/yr for BSV. Their correlation of 0.82 suggests significant overlap in exposure. SHAG charges 0.12%/yr vs 0.03%/yr for BSV.
Performance
SHAG vs. BSV - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.38% return, which is significantly higher than BSV's 0.21% return.
SHAG
- 1D
- -0.09%
- 1M
- 0.19%
- YTD
- 0.38%
- 6M
- 0.52%
- 1Y
- 3.48%
- 3Y*
- 4.73%
- 5Y*
- 1.62%
- 10Y*
- —
BSV
- 1D
- -0.12%
- 1M
- 0.11%
- YTD
- 0.21%
- 6M
- 0.37%
- 1Y
- 3.25%
- 3Y*
- 4.47%
- 5Y*
- 1.66%
- 10Y*
- 1.90%
SHAG vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.38% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.23% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.21% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | -0.56% |
Correlation
The correlation between SHAG and BSV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.82 |
The correlation between SHAG and BSV shifts across timeframes, from 0.82 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHAG vs. BSV — Risk / Return Rank
SHAG
BSV
SHAG vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| SHAG | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.53 | +0.01 |
| Martin ratioReturn relative to average drawdown | 8.61 | 8.35 | +0.26 |
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Drawdowns
SHAG vs. BSV - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for SHAG and BSV.
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Drawdown Indicators
| SHAG | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -8.54% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -1.29% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -1.53% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -8.54% | -1.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -0.64% | -0.70% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -0.97% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.39% | +0.02% |
Volatility
SHAG vs. BSV - Volatility Comparison
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) has a higher volatility of 0.62% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.59%. This indicates that SHAG's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHAG | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.59% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 1.33% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 1.82% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.73% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 2.38% | +0.20% |
SHAG vs. BSV - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is higher than BSV's 0.03% 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
SHAG vs. BSV - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, more than BSV's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 4.00% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, SHAG and BSV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SHAG has higher volatility (0.62%) compared to BSV (0.59%). In terms of maximum drawdown, SHAG dropped -9.62% vs BSV's -8.54%.
On 5-year performance, BSV leads with 1.66% vs 1.62% for SHAG. On fees, BSV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSV has performed better with a 1.66% return vs 1.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.12% for SHAG.
SHAG has the higher dividend yield at 4.28%, compared with 4.00% for BSV.
SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.12% for SHAG and 0.03% for BSV.
SHAG currently has the higher Sharpe Ratio (1.88 vs 1.79), 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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