ULST vs. VGSH
Compare and contrast key facts about SPDR SSgA Ultra Short Term Bond ETF (ULST) and Vanguard Short-Term Treasury ETF (VGSH).
ULST and VGSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULST is an actively managed fund by State Street. It was launched on Oct 9, 2013. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULST or VGSH.
Performance
ULST vs. VGSH - Performance Comparison
Returns By Period
In the year-to-date period, ULST achieves a 4.71% return, which is significantly higher than VGSH's 3.35% return. Over the past 10 years, ULST has outperformed VGSH with an annualized return of 2.09%, while VGSH has yielded a comparatively lower 1.26% annualized return.
ULST
4.71%
0.28%
2.75%
5.75%
2.62%
2.09%
VGSH
3.35%
-0.18%
2.94%
4.95%
1.26%
1.26%
Key characteristics
| ULST | VGSH | |
|---|---|---|
| Sharpe Ratio | 4.93 | 2.65 |
| Sortino Ratio | 8.07 | 4.24 |
| Omega Ratio | 2.66 | 1.56 |
| Calmar Ratio | 10.70 | 2.41 |
| Martin Ratio | 81.77 | 13.15 |
| Ulcer Index | 0.07% | 0.38% |
| Daily Std Dev | 1.18% | 1.87% |
| Max Drawdown | -6.19% | -5.70% |
| Current Drawdown | 0.00% | -0.85% |
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ULST vs. VGSH - Expense Ratio Comparison
ULST has a 0.20% expense ratio, which is higher than VGSH'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%.
Correlation
The correlation between ULST and VGSH is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
ULST vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Ultra Short Term Bond ETF (ULST) and Vanguard Short-Term Treasury ETF (VGSH). 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
ULST vs. VGSH - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 5.08%, more than VGSH's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULST SPDR SSgA Ultra Short Term Bond ETF | 5.08% | 4.45% | 1.71% | 0.54% | 1.34% | 2.56% | 2.13% | 1.21% | 0.93% | 0.37% | 0.34% | 0.06% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
ULST vs. VGSH - Drawdown Comparison
The maximum ULST drawdown since its inception was -6.19%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for ULST and VGSH. For additional features, visit the drawdowns tool.
Volatility
ULST vs. VGSH - Volatility Comparison
The current volatility for SPDR SSgA Ultra Short Term Bond ETF (ULST) is 0.18%, while Vanguard Short-Term Treasury ETF (VGSH) has a volatility of 0.41%. This indicates that ULST experiences smaller price fluctuations and is considered to be less risky than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.