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SLQD vs. VCSH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SLQD vs. VCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Vanguard Short-Term Corporate Bond ETF (VCSH). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.54%
3.77%
SLQD
VCSH

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with SLQD at 4.46% and VCSH at 4.46%. 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%.


SLQD

YTD

4.46%

1M

-0.04%

6M

3.45%

1Y

6.72%

5Y (annualized)

2.06%

10Y (annualized)

2.23%

VCSH

YTD

4.46%

1M

-0.19%

6M

3.59%

1Y

7.08%

5Y (annualized)

1.92%

10Y (annualized)

2.30%

Key characteristics


SLQDVCSH
Sharpe Ratio3.372.93
Sortino Ratio5.564.66
Omega Ratio1.741.60
Calmar Ratio4.022.20
Martin Ratio21.7516.09
Ulcer Index0.31%0.45%
Daily Std Dev2.02%2.47%
Max Drawdown-12.69%-12.86%
Current Drawdown-0.60%-0.99%

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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%.


SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
Expense ratio chart for SLQD: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%
Expense ratio chart for VCSH: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.00.7

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.

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.


Sharpe ratio
The chart of Sharpe ratio for SLQD, currently valued at 3.37, compared to the broader market0.002.004.006.003.372.93
The chart of Sortino ratio for SLQD, currently valued at 5.56, compared to the broader market-2.000.002.004.006.008.0010.0012.005.564.66
The chart of Omega ratio for SLQD, currently valued at 1.74, compared to the broader market0.501.001.502.002.503.001.741.60
The chart of Calmar ratio for SLQD, currently valued at 4.02, compared to the broader market0.005.0010.0015.004.022.20
The chart of Martin ratio for SLQD, currently valued at 21.75, compared to the broader market0.0020.0040.0060.0080.00100.0021.7516.09
SLQD
VCSH

The current SLQD Sharpe Ratio is 3.37, which is comparable to the VCSH Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of SLQD and VCSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.37
2.93
SLQD
VCSH

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.


TTM20232022202120202019201820172016201520142013
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.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.60%
-0.99%
SLQD
VCSH

Volatility

SLQD vs. VCSH - Volatility Comparison

The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.51%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.63%. 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.


0.30%0.40%0.50%0.60%0.70%0.80%JuneJulyAugustSeptemberOctoberNovember
0.51%
0.63%
SLQD
VCSH