VCSH vs. BTC-USD
VCSH (Vanguard Short-Term Corporate Bond ETF) is Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, VCSH returned 2.66%/yr vs 59.68%/yr for BTC-USD. At a 0.04 correlation, their price movements are largely independent.
Performance
VCSH vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, VCSH achieves a 0.44% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, VCSH has underperformed BTC-USD with an annualized return of 2.66%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
VCSH
- 1D
- 0.03%
- 1M
- -0.26%
- YTD
- 0.44%
- 6M
- 0.92%
- 1Y
- 4.56%
- 3Y*
- 5.56%
- 5Y*
- 2.26%
- 10Y*
- 2.66%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
VCSH vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 0.44% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 7.02% | 0.92% | 2.17% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between VCSH and BTC-USD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.04 |
The correlation between VCSH and BTC-USD shifts across timeframes, from 0.04 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VCSH vs. BTC-USD — Risk / Return Rank
VCSH
BTC-USD
VCSH vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.40 | ||
| Sortino ratioReturn per unit of downside risk | +5.18 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.86 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | -0.80 | +4.07 |
| Martin ratioReturn relative to average drawdown | 13.41 | -1.42 | +14.83 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | -0.95 | +3.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.20 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.87 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 1.13 | -0.12 |
Drawdowns
VCSH vs. BTC-USD - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for VCSH and BTC-USD.
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Drawdown Indicators
| VCSH | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -85.30% | +72.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -51.21% | +49.81% |
Max Drawdown (3Y)Largest decline over 3 years | -1.40% | -51.21% | +49.81% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -76.67% | +67.19% |
Max Drawdown (10Y)Largest decline over 10 years | -12.86% | -83.80% | +70.94% |
Current DrawdownCurrent decline from peak | -0.52% | -49.86% | +49.34% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -42.32% | +41.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 34.46% | -34.12% |
Volatility
VCSH vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard Short-Term Corporate Bond ETF (VCSH) is 0.61%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that VCSH experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCSH | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 11.59% | -10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 34.53% | -33.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 35.67% | -33.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 44.95% | -42.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 56.71% | -53.36% |
Frequently Asked Questions
VCSH and BTC-USD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to VCSH (0.61%). In terms of maximum drawdown, VCSH dropped -12.86% vs BTC-USD's -85.30%.
VCSH currently has the higher Sharpe Ratio (2.45 vs -0.95), 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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