VCEB vs. USVN
VCEB (Vanguard ESG U.S. Corporate Bond ETF) and USVN (US Treasury 7 Year Note ETF) are both exchange-traded funds - VCEB is a Corporate Bonds fund tracking the Bloomberg Barclays MSCI US Corp SRI Select Index, while USVN is a Government Bonds fund tracking the ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, VCEB returned 5.34%/yr vs 3.04%/yr for USVN. Their correlation of 0.89 suggests significant overlap in exposure. VCEB charges 0.12%/yr vs 0.15%/yr for USVN.
Performance
VCEB vs. USVN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VCEB achieves a 0.56% return, which is significantly higher than USVN's -0.54% return.
VCEB
- 1D
- -0.07%
- 1M
- 0.67%
- YTD
- 0.56%
- 6M
- 1.06%
- 1Y
- 5.13%
- 3Y*
- 5.34%
- 5Y*
- 0.38%
- 10Y*
- —
USVN
- 1D
- -0.17%
- 1M
- 0.15%
- YTD
- -0.54%
- 6M
- -0.27%
- 1Y
- 3.35%
- 3Y*
- 3.04%
- 5Y*
- —
- 10Y*
- —
VCEB vs. USVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | 0.56% | 7.48% | 2.23% | 5.59% |
USVN US Treasury 7 Year Note ETF | -0.54% | 7.66% | 0.03% | 0.67% |
Correlation
The correlation between VCEB and USVN 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 28, 2023 | 0.89 |
The correlation between VCEB and USVN has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VCEB vs. USVN — Risk / Return Rank
VCEB
USVN
VCEB vs. USVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG U.S. Corporate Bond ETF (VCEB) and US Treasury 7 Year Note ETF (USVN). 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.
| VCEB | USVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.12 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.83 | +0.83 |
| Martin ratioReturn relative to average drawdown | 5.02 | 2.31 | +2.71 |
Loading charts...
Drawdowns
VCEB vs. USVN - Drawdown Comparison
The maximum VCEB drawdown since its inception was -21.60%, which is greater than USVN's maximum drawdown of -8.27%. Use the drawdown chart below to compare losses from any high point for VCEB and USVN.
Loading charts...
Drawdown Indicators
| VCEB | USVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -8.27% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -3.68% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -5.85% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | -2.51% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -2.34% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.32% | -0.39% |
Volatility
VCEB vs. USVN - Volatility Comparison
Vanguard ESG U.S. Corporate Bond ETF (VCEB) and US Treasury 7 Year Note ETF (USVN) have volatilities of 1.43% and 1.42%, 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.
Loading charts...
Volatility by Period
| VCEB | USVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.42% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 3.04% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.20% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 5.78% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.65% | 5.78% | +0.87% |
VCEB vs. USVN - Expense Ratio Comparison
VCEB has a 0.12% expense ratio, which is lower than USVN's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VCEB vs. USVN - Dividend Comparison
VCEB's dividend yield for the trailing twelve months is around 4.64%, more than USVN's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
USVN US Treasury 7 Year Note ETF | 3.74% | 3.81% | 4.07% | 2.91% | 0.00% | 0.00% | 0.00% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.64% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% |
Frequently Asked Questions
VCEB and USVN 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.
VCEB has higher volatility (1.43%) compared to USVN (1.42%). In terms of maximum drawdown, VCEB dropped -21.60% vs USVN's -8.27%.
On 3-year performance, VCEB leads with 5.34% vs 3.04% 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 5.34% return vs 3.04%. 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 4.64%, compared with 3.74% for USVN.
VCEB is categorized as Corporate Bonds, while USVN is Government Bonds. VCEB tracks Bloomberg Barclays MSCI US Corp SRI Select Index, while USVN tracks ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross. They also come from different issuers: Vanguard and US Benchmark Series. Their fees differ too: 0.12% for VCEB and 0.15% for USVN.
VCEB currently has the higher Sharpe Ratio (1.11 vs 0.73), 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.
Find the right allocation for VCEB and USVN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer