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USD=X vs. VCSH
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. VCSH

Last updated Jun 9, 2026

USD=X (USD Cash) is a currency, while VCSH (Vanguard Short-Term Corporate Bond ETF) is Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index. Over the past 10 years, USD=X returned 0.00%/yr vs 2.66%/yr for VCSH.

Performance

USD=X vs. VCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and Vanguard Short-Term Corporate Bond ETF (VCSH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%

VCSH

1D
0.03%
1M
-0.26%
YTD
0.44%
6M
0.92%
1Y
4.56%
3Y*
5.56%
5Y*
2.26%
10Y*
2.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD=X vs. VCSH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VCSH
Vanguard Short-Term Corporate Bond ETF		0.44%6.77%4.91%6.20%-5.62%-0.63%5.13%7.02%0.92%2.17%

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USD Cash

Vanguard Short-Term Corporate Bond ETF

Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX
Often compared with VCSH:
VCSH vs. VGSHVCSH vs. IGSBVCSH vs. BSVVCSH vs. BNDVCSH vs. VTIPVCSH vs. JPSTVCSH vs. VFSTX

Return for Risk

USD=X vs. VCSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USD=X
VCSH
VCSH Risk / Return Rank: 8282
Overall Rank
VCSH Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VCSH Sortino Ratio Rank: 9090
Sortino Ratio Rank
VCSH Omega Ratio Rank: 8686
Omega Ratio Rank
VCSH Calmar Ratio Rank: 7272
Calmar Ratio Rank
VCSH Martin Ratio Rank: 7777
Martin Ratio Rank
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.

USD=X vs. VCSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USD=X vs. VCSH - Sharpe Ratio Comparison

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Sharpe Ratios by Period

USD=XVCSHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.45

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.79

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.80

—

Sharpe Ratio (All Time)

Calculated using the full available price history

—

1.01

—

Drawdowns

USD=X vs. VCSH - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for USD=X and VCSH.

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Drawdown Indicators

USD=XVCSHDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-12.86%

+12.86%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-1.40%

+1.40%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-1.40%

+1.40%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-9.48%

+9.48%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-12.86%

+12.86%

Current Drawdown

Current decline from peak

0.00%

-0.52%

+0.52%

Average Drawdown

Average peak-to-trough decline

0.00%

-0.97%

+0.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

0.34%

-0.34%

Volatility

USD=X vs. VCSH - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.61%. This indicates that USD=X 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.

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Volatility by Period

USD=XVCSHDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

0.61%

-0.61%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

1.41%

-1.41%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

1.87%

-1.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

2.88%

-2.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

3.35%

-3.35%

Frequently Asked Questions

VCSH has higher volatility (0.61%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs VCSH's -12.86%.

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