Correlation
The correlation between VAGIX and SHY is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
VAGIX vs. SHY
Compare and contrast key facts about Value Line Core Bond Fund (VAGIX) and iShares 1-3 Year Treasury Bond ETF (SHY).
VAGIX is managed by Value Line. It was launched on Feb 18, 1986. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAGIX or SHY.
Performance
VAGIX vs. SHY - Performance Comparison
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Key characteristics
VAGIX:
0.89
SHY:
3.45
VAGIX:
1.29
SHY:
5.85
VAGIX:
1.15
SHY:
1.77
VAGIX:
0.35
SHY:
5.96
VAGIX:
1.89
SHY:
15.95
VAGIX:
2.44%
SHY:
0.36%
VAGIX:
5.20%
SHY:
1.66%
VAGIX:
-70.59%
SHY:
-5.73%
VAGIX:
-8.70%
SHY:
-0.25%
Returns By Period
In the year-to-date period, VAGIX achieves a 1.79% return, which is significantly lower than SHY's 2.13% return. Over the past 10 years, VAGIX has underperformed SHY with an annualized return of 0.95%, while SHY has yielded a comparatively higher 1.41% annualized return.
VAGIX
1.79%
-1.08%
0.18%
4.61%
0.89%
-1.29%
0.95%
SHY
2.13%
-0.25%
2.38%
5.69%
2.88%
1.09%
1.41%
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VAGIX vs. SHY - Expense Ratio Comparison
VAGIX has a 0.90% expense ratio, which is higher than SHY's 0.15% expense ratio.
Risk-Adjusted Performance
VAGIX vs. SHY — Risk-Adjusted Performance Rank
VAGIX
SHY
VAGIX vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Core Bond Fund (VAGIX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.
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Dividends
VAGIX vs. SHY - Dividend Comparison
VAGIX's dividend yield for the trailing twelve months is around 3.93%, which matches SHY's 3.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAGIX Value Line Core Bond Fund | 3.93% | 3.78% | 2.96% | 1.82% | 2.54% | 1.86% | 2.33% | 2.38% | 2.27% | 1.76% | 1.95% | 1.73% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.95% | 3.92% | 2.99% | 1.30% | 0.24% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% | 0.36% |
Drawdowns
VAGIX vs. SHY - Drawdown Comparison
The maximum VAGIX drawdown since its inception was -70.59%, which is greater than SHY's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for VAGIX and SHY.
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Volatility
VAGIX vs. SHY - Volatility Comparison
Value Line Core Bond Fund (VAGIX) has a higher volatility of 1.43% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.52%. This indicates that VAGIX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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