SLQD vs. VFSTX

Last updated Apr 1, 2026

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.

Performance

SLQD vs. VFSTX - 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 Investment-Grade Fund Investor Shares (VFSTX). The values are adjusted to include any dividend payments, if applicable.

SLQD vs. VFSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	0.29%	6.27%	4.94%	5.98%	-4.38%	-0.61%	4.76%	6.09%	1.09%	2.12%
VFSTX Vanguard Short-Term Investment-Grade Fund Investor Shares	-0.40%	6.75%	4.98%	6.06%	-5.84%	-0.70%	5.16%	5.75%	0.87%	2.02%

Returns By Period

In the year-to-date period, SLQD achieves a 0.29% return, which is significantly higher than VFSTX's -0.40% return. Over the past 10 years, SLQD has outperformed VFSTX with an annualized return of 2.68%, while VFSTX has yielded a comparatively lower 2.49% annualized return.

SLQD

• 1D: 0.21%
• 1M: -0.59%
• YTD: 0.29%
• 6M: 1.48%
• 1Y: 4.74%
• 3Y*: 5.22%
• 5Y*: 2.52%
• 10Y*: 2.68%

VFSTX

• 1D: 0.19%
• 1M: -1.42%
• YTD: -0.40%
• 6M: 0.73%
• 1Y: 4.26%
• 3Y*: 5.14%
• 5Y*: 2.21%
• 10Y*: 2.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.

VFSTX

Vanguard Short-Term Investment-Grade Fund Investor Shares

SLQD

iShares 0-5 Year Investment Grade Corporate Bond ETF

Return for Risk

SLQD vs. VFSTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLQD

SLQD Risk / Return Rank: 97
SLQD Sharpe Ratio Rank: 96
SLQD Sortino Ratio Rank: 97
SLQD Omega Ratio Rank: 97
SLQD Calmar Ratio Rank: 96
SLQD Martin Ratio Rank: 97

VFSTX

VFSTX Risk / Return Rank: 93
VFSTX Sharpe Ratio Rank: 91
VFSTX Sortino Ratio Rank: 95
VFSTX Omega Ratio Rank: 91
VFSTX Calmar Ratio Rank: 93
VFSTX Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLQD vs. VFSTX - Risk-Adjusted Trends 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.

	SLQD	VFSTX	Difference
Sharpe ratio Return per unit of total volatility	2.48	1.90	+0.58
Sortino ratio Return per unit of downside risk	3.70	3.11	+0.58
Omega ratio Gain probability vs. loss probability	1.56	1.42	+0.14
Calmar ratio Return relative to maximum drawdown	4.50	2.90	+1.60
Martin ratio Return relative to average drawdown	18.76	11.78	+6.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLQD vs. VFSTX - Sharpe Ratio Comparison

The current SLQD Sharpe Ratio is 2.48, which is higher than the VFSTX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SLQD and VFSTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLQD	VFSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	1.90	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.75	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	1.02	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.51	-0.67

Correlation

The correlation between SLQD and VFSTX is 0.67, 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

SLQD vs. VFSTX - Dividend Comparison

SLQD's dividend yield for the trailing twelve months is around 4.22%, which matches VFSTX's 4.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	4.22%	4.15%	3.71%	2.99%	2.00%	1.67%	2.34%	2.89%	2.55%	1.98%	1.81%	1.43%
VFSTX Vanguard Short-Term Investment-Grade Fund Investor Shares	4.20%	4.48%	4.06%	3.05%	1.93%	1.70%	2.24%	2.83%	2.68%	2.00%	2.04%	1.99%

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 -9.35%. Use the drawdown chart below to compare losses from any high point for SLQD and VFSTX.

Drawdown Indicators

	SLQD	VFSTX	Difference
Max Drawdown Largest peak-to-trough decline	-12.69%	-9.35%	-3.34%
Max Drawdown (1Y) Largest decline over 1 year	-1.06%	-1.71%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	-7.63%	-9.35%	+1.72%
Max Drawdown (10Y) Largest decline over 10 years	-12.69%	-9.35%	-3.34%
Current Drawdown Current decline from peak	-0.59%	-1.42%	+0.83%
Average Drawdown Average peak-to-trough decline	-0.88%	-1.12%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.42%	-0.16%

Volatility

SLQD vs. VFSTX - Volatility Comparison

iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) have volatilities of 0.73% and 0.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLQD	VFSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.75%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.00%	1.49%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	1.92%	2.51%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	2.94%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.14%	2.46%	+0.68%