VCSH vs. BSCR
VCSH (Vanguard Short-Term Corporate Bond ETF) and BSCR (Invesco BulletShares 2027 Corporate Bond ETF) are both Corporate Bonds funds - VCSH tracks the Bloomberg U.S. 1-5 Year Corporate Bond Index while BSCR tracks the NASDAQ Bulletshares® USD Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, VCSH returned 2.35%/yr vs 1.36%/yr for BSCR. Their correlation of 0.81 suggests significant overlap in exposure. VCSH charges 0.04%/yr vs 0.10%/yr for BSCR.
Performance
VCSH vs. BSCR - Performance Comparison
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Returns By Period
In the year-to-date period, VCSH achieves a 0.77% return, which is significantly lower than BSCR's 1.63% return.
VCSH
- 1D
- 0.19%
- 1M
- -0.03%
- 6M
- 0.65%
- YTD
- 0.77%
- 1Y
- 3.91%
- 3Y*
- 5.49%
- 5Y*
- 2.35%
- 10Y*
- 2.66%
BSCR
- 1D
- 0.05%
- 1M
- 0.30%
- 6M
- 1.57%
- YTD
- 1.63%
- 1Y
- 4.33%
- 3Y*
- 5.31%
- 5Y*
- 1.36%
- 10Y*
- —
VCSH vs. BSCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 0.77% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 7.02% | 0.92% | -0.24% |
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 1.63% | 5.77% | 4.52% | 6.41% | -9.56% | -1.72% | 9.68% | 14.88% | -2.63% | 0.81% |
Correlation
The correlation between VCSH and BSCR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2017 | 0.81 |
The correlation between VCSH and BSCR shifts across timeframes, from 0.70 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VCSH vs. BSCR — Risk / Return Rank
VCSH
BSCR
VCSH vs. BSCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and Invesco BulletShares 2027 Corporate Bond ETF (BSCR). 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.
| VCSH | BSCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -5.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 2.16 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 10.40 | -7.60 |
| Martin ratioReturn relative to average drawdown | 11.30 | 45.96 | -34.66 |
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Drawdowns
VCSH vs. BSCR - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, smaller than the maximum BSCR drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for VCSH and BSCR.
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Drawdown Indicators
| VCSH | BSCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -17.26% | +4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -0.42% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -1.40% | -2.27% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -14.87% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -12.86% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -3.30% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.09% | +0.26% |
Volatility
VCSH vs. BSCR - Volatility Comparison
Vanguard Short-Term Corporate Bond ETF (VCSH) has a higher volatility of 0.68% compared to Invesco BulletShares 2027 Corporate Bond ETF (BSCR) at 0.20%. This indicates that VCSH's price experiences larger fluctuations and is considered to be riskier than BSCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCSH | BSCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.20% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 0.60% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 1.01% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 4.07% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 5.32% | -1.97% |
VCSH vs. BSCR - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is lower than BSCR's 0.10% 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
VCSH vs. BSCR - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 4.46%, more than BSCR's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCR Invesco BulletShares 2027 Corporate Bond ETF | 4.28% | 4.26% | 4.27% | 3.74% | 2.65% | 2.12% | 2.46% | 3.11% | 3.35% | 0.78% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.46% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Frequently Asked Questions
VCSH and BSCR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCSH has higher volatility (0.68%) compared to BSCR (0.20%). In terms of maximum drawdown, VCSH dropped -12.86% vs BSCR's -17.26%.
On 5-year performance, VCSH leads with 2.35% vs 1.36% for BSCR. On fees, VCSH is cheaper at 0.04% per year. On volatility, BSCR has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCSH has performed better with a 2.35% return vs 1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.10% for BSCR.
VCSH has the higher dividend yield at 4.46%, compared with 4.28% for BSCR.
VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index, while BSCR tracks NASDAQ Bulletshares® USD Corporate Bond 2027 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.04% for VCSH and 0.10% for BSCR.
BSCR currently has the higher Sharpe Ratio (4.31 vs 2.03), 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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