USSH vs. VGSH
USSH (WisdomTree 1-3 Year Laddered Treasury Fund) and VGSH (Vanguard Short-Term Treasury ETF) are both Government Bonds funds - USSH tracks the Bloomberg US Treasury 1-3 Year Laddered Index while VGSH tracks the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past year, USSH returned 2.86% vs 2.99% for VGSH. With a 0.97 correlation, they move nearly in lockstep. USSH charges 0.15%/yr vs 0.03%/yr for VGSH.
Performance
USSH vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, USSH achieves a 0.41% return, which is significantly lower than VGSH's 0.47% return.
USSH
- 1D
- 0.08%
- 1M
- 0.14%
- YTD
- 0.41%
- 6M
- 0.58%
- 1Y
- 2.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGSH
- 1D
- 0.05%
- 1M
- 0.11%
- YTD
- 0.47%
- 6M
- 0.64%
- 1Y
- 2.99%
- 3Y*
- 4.20%
- 5Y*
- 1.85%
- 10Y*
- 1.70%
USSH vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USSH WisdomTree 1-3 Year Laddered Treasury Fund | 0.41% | 5.00% | 3.87% |
VGSH Vanguard Short-Term Treasury ETF | 0.47% | 5.07% | 3.95% |
Correlation
The correlation between USSH and VGSH is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.97 |
The correlation between USSH and VGSH has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
USSH vs. VGSH — Risk / Return Rank
USSH
VGSH
USSH vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree 1-3 Year Laddered Treasury Fund (USSH) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USSH | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.48 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.40 | -0.11 |
| Martin ratioReturn relative to average drawdown | 12.46 | 13.02 | -0.56 |
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Drawdowns
USSH vs. VGSH - Drawdown Comparison
The maximum USSH drawdown since its inception was -1.01%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for USSH and VGSH.
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Drawdown Indicators
| USSH | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.01% | -5.70% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.88% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.97% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.31% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -0.60% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.23% | 0.00% |
Volatility
USSH vs. VGSH - Volatility Comparison
WisdomTree 1-3 Year Laddered Treasury Fund (USSH) has a higher volatility of 0.48% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.45%. This indicates that USSH's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSH | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.45% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 0.95% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.32% | 1.31% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.54% | 1.97% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.54% | 1.58% | -0.04% |
USSH vs. VGSH - Expense Ratio Comparison
USSH has a 0.15% expense ratio, which is higher than VGSH's 0.03% 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%.
Dividends
USSH vs. VGSH - Dividend Comparison
USSH's dividend yield for the trailing twelve months is around 3.64%, less than VGSH's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USSH WisdomTree 1-3 Year Laddered Treasury Fund | 3.64% | 3.67% | 3.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.88% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
With a correlation of 0.97, USSH and VGSH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
USSH has higher volatility (0.48%) compared to VGSH (0.45%). In terms of maximum drawdown, USSH dropped -1.01% vs VGSH's -5.70%.
On 1-year performance, VGSH leads with 2.99% vs 2.86% for USSH. On fees, VGSH is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VGSH has performed better with a 2.99% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.15% for USSH.
VGSH has the higher dividend yield at 3.88%, compared with 3.64% for USSH.
USSH tracks Bloomberg US Treasury 1-3 Year Laddered Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.15% for USSH and 0.03% for VGSH.
VGSH currently has the higher Sharpe Ratio (2.29 vs 2.18), 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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