USVN vs. VCEB
USVN (US Treasury 7 Year Note ETF) and VCEB (Vanguard ESG U.S. Corporate Bond ETF) are both exchange-traded funds - USVN is a Government Bonds fund tracking the ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross, while VCEB is a Corporate Bonds fund tracking the Bloomberg Barclays MSCI US Corp SRI Select Index. Both are passively managed. Over the past 3 years, USVN returned 2.70%/yr vs 5.05%/yr for VCEB. Their correlation of 0.89 suggests significant overlap in exposure. USVN charges 0.15%/yr vs 0.12%/yr for VCEB.
Performance
USVN vs. VCEB - Performance Comparison
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Returns By Period
In the year-to-date period, USVN achieves a -0.70% return, which is significantly lower than VCEB's 0.32% return.
USVN
- 1D
- -0.22%
- 1M
- -0.18%
- YTD
- -0.70%
- 6M
- -1.08%
- 1Y
- 3.56%
- 3Y*
- 2.70%
- 5Y*
- —
- 10Y*
- —
VCEB
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 0.32%
- 6M
- 0.15%
- 1Y
- 5.34%
- 3Y*
- 5.05%
- 5Y*
- 0.51%
- 10Y*
- —
USVN vs. VCEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USVN US Treasury 7 Year Note ETF | -0.70% | 7.66% | 0.03% | 0.67% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 0.32% | 7.48% | 2.23% | 5.76% |
Correlation
The correlation between USVN and VCEB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | 0.89 |
The correlation between USVN and VCEB has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
USVN vs. VCEB — Risk / Return Rank
USVN
VCEB
USVN vs. VCEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 7 Year Note ETF (USVN) and Vanguard ESG U.S. Corporate Bond ETF (VCEB). 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.
| USVN | VCEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.90 | -0.93 |
| Martin ratioReturn relative to average drawdown | 2.89 | 5.87 | -2.99 |
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
| USVN | VCEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.28 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.05 | +0.36 |
Drawdowns
USVN vs. VCEB - Drawdown Comparison
The maximum USVN drawdown since its inception was -8.27%, smaller than the maximum VCEB drawdown of -21.60%. Use the drawdown chart below to compare losses from any high point for USVN and VCEB.
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Drawdown Indicators
| USVN | VCEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.27% | -21.60% | +13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -2.82% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -6.09% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.39% | — |
Current DrawdownCurrent decline from peak | -2.67% | -1.05% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -7.63% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 0.91% | +0.33% |
Volatility
USVN vs. VCEB - Volatility Comparison
US Treasury 7 Year Note ETF (USVN) and Vanguard ESG U.S. Corporate Bond ETF (VCEB) have volatilities of 1.37% and 1.32%, 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.
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Volatility by Period
| USVN | VCEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.32% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 3.11% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 4.19% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 6.84% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 6.66% | -0.87% |
USVN vs. VCEB - Expense Ratio Comparison
USVN has a 0.15% expense ratio, which is higher than VCEB's 0.12% 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
USVN vs. VCEB - Dividend Comparison
USVN's dividend yield for the trailing twelve months is around 3.75%, less than VCEB's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
USVN US Treasury 7 Year Note ETF | 3.75% | 3.81% | 4.07% | 2.91% | 0.00% | 0.00% | 0.00% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.65% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% |
Frequently Asked Questions
USVN and VCEB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USVN has higher volatility (1.37%) compared to VCEB (1.32%). In terms of maximum drawdown, USVN dropped -8.27% vs VCEB's -21.60%.
On 3-year performance, VCEB leads with 5.05% vs 2.70% for USVN. On fees, VCEB is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VCEB has performed better with a 5.05% return vs 2.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCEB is cheaper with a 0.12% expense ratio, compared with 0.15% for USVN.
VCEB has the higher dividend yield at 4.65%, compared with 3.75% for USVN.
USVN is categorized as Government Bonds, while VCEB is Corporate Bonds. USVN tracks ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross, while VCEB tracks Bloomberg Barclays MSCI US Corp SRI Select Index. They also come from different issuers: US Benchmark Series and Vanguard. Their fees differ too: 0.15% for USVN and 0.12% for VCEB.
VCEB currently has the higher Sharpe Ratio (1.28 vs 0.84), 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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