TACK vs. VCSH
TACK (Fairlead Tactical Sector Fund) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both exchange-traded funds - TACK is a Tactical Allocation fund actively managed by Fairlead, while VCSH is a Corporate Bonds fund tracking the Barclays Capital U.S. 1-5 Year Corporate Index. TACK is actively managed, while VCSH is passively managed. Over the past 3 years, TACK returned 11.07%/yr vs 5.52%/yr for VCSH. At a 0.47 correlation, their price movements are largely independent. TACK charges 0.76%/yr vs 0.04%/yr for VCSH.
Performance
TACK vs. VCSH - Performance Comparison
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Returns By Period
In the year-to-date period, TACK achieves a 4.86% return, which is significantly higher than VCSH's 0.64% return.
TACK
- 1D
- 0.13%
- 1M
- 1.95%
- YTD
- 4.86%
- 6M
- 5.12%
- 1Y
- 13.26%
- 3Y*
- 11.07%
- 5Y*
- —
- 10Y*
- —
VCSH
- 1D
- -0.08%
- 1M
- 0.20%
- YTD
- 0.64%
- 6M
- 0.95%
- 1Y
- 4.59%
- 3Y*
- 5.52%
- 5Y*
- 2.32%
- 10Y*
- 2.70%
TACK vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TACK Fairlead Tactical Sector Fund | 4.86% | 10.93% | 11.76% | 7.43% | -5.41% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.64% | 6.77% | 4.91% | 6.20% | -1.98% |
Correlation
The correlation between TACK and VCSH is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2022 | 0.47 |
The correlation between TACK and VCSH shifts across timeframes, from 0.35 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TACK vs. VCSH — Risk / Return Rank
TACK
VCSH
TACK vs. VCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairlead Tactical Sector Fund (TACK) 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.
| TACK | VCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.29 | -1.01 |
| Martin ratioReturn relative to average drawdown | 7.16 | 13.55 | -6.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TACK | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.45 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.02 | -0.40 |
Drawdowns
TACK vs. VCSH - Drawdown Comparison
The maximum TACK drawdown since its inception was -14.49%, which is greater than VCSH's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for TACK and VCSH.
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Drawdown Indicators
| TACK | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.49% | -12.86% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.85% | -1.40% | -4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -1.40% | -13.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.32% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -0.97% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.34% | +1.52% |
Volatility
TACK vs. VCSH - Volatility Comparison
Fairlead Tactical Sector Fund (TACK) has a higher volatility of 2.43% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.57%. This indicates that TACK's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TACK | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 0.57% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 1.38% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 1.88% | +7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 2.88% | +8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.23% | 3.35% | +7.88% |
TACK vs. VCSH - Expense Ratio Comparison
TACK has a 0.76% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Dividends
TACK vs. VCSH - Dividend Comparison
TACK's dividend yield for the trailing twelve months is around 1.21%, less than VCSH's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TACK Fairlead Tactical Sector Fund | 1.21% | 1.18% | 1.26% | 1.29% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.45% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Frequently Asked Questions
TACK and VCSH have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TACK has higher volatility (2.43%) compared to VCSH (0.57%). In terms of maximum drawdown, TACK dropped -14.49% vs VCSH's -12.86%.
On 3-year performance, TACK leads with 11.07% vs 5.52% for VCSH. On fees, VCSH is cheaper at 0.04% per year. On volatility, VCSH has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TACK has performed better with a 11.07% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.76% for TACK.
VCSH has the higher dividend yield at 4.45%, compared with 1.21% for TACK.
TACK is categorized as Tactical Allocation, while VCSH is Corporate Bonds. They also come from different issuers: Fairlead and Vanguard. Their fees differ too: 0.76% for TACK and 0.04% for VCSH.
VCSH currently has the higher Sharpe Ratio (2.45 vs 1.41), 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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