SLQD vs. VFSTX
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX).
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. VFSTX is managed by Vanguard. It was launched on Oct 29, 1982.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLQD or VFSTX.
Performance
SLQD vs. VFSTX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SLQD having a 4.38% return and VFSTX slightly lower at 4.24%. Over the past 10 years, SLQD has outperformed VFSTX with an annualized return of 2.22%, while VFSTX has yielded a comparatively lower 2.03% annualized return.
SLQD
4.38%
-0.16%
3.45%
6.57%
2.04%
2.22%
VFSTX
4.24%
-0.13%
3.73%
6.93%
1.77%
2.03%
Key characteristics
| SLQD | VFSTX | |
|---|---|---|
| Sharpe Ratio | 3.28 | 2.52 |
| Sortino Ratio | 5.41 | 4.05 |
| Omega Ratio | 1.71 | 1.52 |
| Calmar Ratio | 3.97 | 1.73 |
| Martin Ratio | 21.00 | 13.57 |
| Ulcer Index | 0.32% | 0.52% |
| Daily Std Dev | 2.02% | 2.80% |
| Max Drawdown | -12.69% | -9.68% |
| Current Drawdown | -0.68% | -1.18% |
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SLQD vs. VFSTX - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than VFSTX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SLQD and VFSTX is 0.66, 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.
Risk-Adjusted Performance
SLQD vs. VFSTX - 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 Investment-Grade Fund Investor Shares (VFSTX). 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. VFSTX - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 3.60%, less than VFSTX's 3.92% 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% |
VFSTX Vanguard Short-Term Investment-Grade Fund Investor Shares | 3.92% | 3.04% | 1.93% | 1.62% | 2.24% | 2.81% | 2.67% | 1.99% | 1.97% | 1.98% | 1.89% | 1.82% |
Drawdowns
SLQD vs. VFSTX - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, which is greater than VFSTX's maximum drawdown of -9.68%. Use the drawdown chart below to compare losses from any high point for SLQD and VFSTX. For additional features, visit the drawdowns tool.
Volatility
SLQD vs. VFSTX - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.49%, while Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) has a volatility of 0.79%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than VFSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.