VCSH vs. AVSF
Compare and contrast key facts about Vanguard Short-Term Corporate Bond ETF (VCSH) and Avantis Short-Term Fixed Income ETF (AVSF).
VCSH and AVSF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009. AVSF is an actively managed fund by Avantis. It was launched on Oct 14, 2020.
Performance
VCSH vs. AVSF - Performance Comparison
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VCSH vs. AVSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 0.13% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 0.89% |
AVSF Avantis Short-Term Fixed Income ETF | 0.12% | 6.57% | 3.81% | 5.25% | -5.52% | -1.17% | 0.53% |
Returns By Period
In the year-to-date period, VCSH achieves a 0.13% return, which is significantly higher than AVSF's 0.12% return.
VCSH
- 1D
- 0.29%
- 1M
- -0.83%
- YTD
- 0.13%
- 6M
- 1.37%
- 1Y
- 4.93%
- 3Y*
- 5.36%
- 5Y*
- 2.37%
- 10Y*
- 2.72%
AVSF
- 1D
- 0.20%
- 1M
- -0.86%
- YTD
- 0.12%
- 6M
- 1.32%
- 1Y
- 4.58%
- 3Y*
- 4.69%
- 5Y*
- 1.85%
- 10Y*
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VCSH vs. AVSF - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is lower than AVSF'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%.
Return for Risk
VCSH vs. AVSF — Risk / Return Rank
VCSH
AVSF
VCSH vs. AVSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and Avantis Short-Term Fixed Income ETF (AVSF). 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.
| VCSH | AVSF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 2.16 | +0.02 |
Sortino ratioReturn per unit of downside risk | 3.19 | 3.19 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.26 | +0.25 |
Martin ratioReturn relative to average drawdown | 14.44 | 13.58 | +0.85 |
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
| VCSH | AVSF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.16 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.71 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.66 | +0.36 |
Correlation
The correlation between VCSH and AVSF is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VCSH vs. AVSF - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 4.41%, more than AVSF's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 4.41% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
AVSF Avantis Short-Term Fixed Income ETF | 4.36% | 4.31% | 4.34% | 3.93% | 1.78% | 0.48% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VCSH vs. AVSF - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, which is greater than AVSF's maximum drawdown of -8.85%. Use the drawdown chart below to compare losses from any high point for VCSH and AVSF.
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Drawdown Indicators
| VCSH | AVSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -8.85% | -4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -1.42% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -8.85% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -12.86% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.86% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -2.26% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.34% | 0.00% |
Volatility
VCSH vs. AVSF - Volatility Comparison
Vanguard Short-Term Corporate Bond ETF (VCSH) has a higher volatility of 0.94% compared to Avantis Short-Term Fixed Income ETF (AVSF) at 0.86%. This indicates that VCSH's price experiences larger fluctuations and is considered to be riskier than AVSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCSH | AVSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.86% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 1.30% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 2.13% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 2.63% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 2.54% | +0.81% |