SLQD vs. VCSH
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Vanguard Short-Term Corporate Bond ETF (VCSH).
SLQD and VCSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. 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 SLQD 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: SLQD or VCSH.
Key characteristics
| SLQD | VCSH | |
|---|---|---|
| YTD Return | 4.42% | 4.41% |
| 1Y Return | 6.92% | 7.33% |
| 3Y Return (Ann) | 1.89% | 1.51% |
| 5Y Return (Ann) | 2.06% | 1.91% |
| 10Y Return (Ann) | 2.23% | 2.30% |
| Sharpe Ratio | 3.57 | 3.13 |
| Sortino Ratio | 6.06 | 5.09 |
| Omega Ratio | 1.80 | 1.65 |
| Calmar Ratio | 3.60 | 2.14 |
| Martin Ratio | 25.01 | 18.73 |
| Ulcer Index | 0.30% | 0.43% |
| Daily Std Dev | 2.10% | 2.55% |
| Max Drawdown | -12.69% | -12.86% |
| Current Drawdown | -0.64% | -1.04% |
Correlation
The correlation between SLQD and VCSH is 0.74, 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
SLQD vs. VCSH - Performance Comparison
The year-to-date returns for both stocks are quite close, with SLQD having a 4.42% return and VCSH slightly lower at 4.41%. Both investments have delivered pretty close results over the past 10 years, with SLQD having a 2.23% annualized return and VCSH not far ahead at 2.30%. 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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SLQD vs. VCSH - Expense Ratio Comparison
SLQD 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
SLQD vs. VCSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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
SLQD vs. VCSH - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 3.60%, less than VCSH's 3.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.82% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
Drawdowns
SLQD vs. VCSH - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, roughly equal to the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for SLQD and VCSH. For additional features, visit the drawdowns tool.
Volatility
SLQD vs. VCSH - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.53%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.67%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.