VCSH vs. EFV
VCSH (Vanguard Short-Term Corporate Bond ETF) and EFV (iShares MSCI EAFE Value ETF) are both exchange-traded funds - VCSH is a Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index, while EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index. Both are passively managed. Over the past 10 years, VCSH returned 2.66%/yr vs 9.94%/yr for EFV. At a 0.12 correlation, their price movements are largely independent. VCSH charges 0.04%/yr vs 0.39%/yr for EFV.
Performance
VCSH vs. EFV - Performance Comparison
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Returns By Period
In the year-to-date period, VCSH achieves a 0.44% return, which is significantly lower than EFV's 8.07% return. Over the past 10 years, VCSH has underperformed EFV with an annualized return of 2.66%, while EFV has yielded a comparatively higher 9.94% 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%
EFV
- 1D
- 0.35%
- 1M
- -1.10%
- YTD
- 8.07%
- 6M
- 12.00%
- 1Y
- 25.73%
- 3Y*
- 21.26%
- 5Y*
- 11.92%
- 10Y*
- 9.94%
VCSH vs. EFV - 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% |
EFV iShares MSCI EAFE Value ETF | 8.07% | 42.22% | 5.35% | 18.85% | -5.22% | 11.08% | -2.97% | 15.80% | -14.67% | 21.22% |
Correlation
The correlation between VCSH and EFV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.12 |
Over the past year, VCSH and EFV have become more correlated (0.46) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
VCSH vs. EFV — Risk / Return Rank
VCSH
EFV
VCSH vs. EFV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and iShares MSCI EAFE Value ETF (EFV). 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 | EFV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.32 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.37 | +0.90 |
| Martin ratioReturn relative to average drawdown | 13.41 | 8.79 | +4.62 |
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 | EFV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 1.80 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.75 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.56 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.26 | +0.75 |
Drawdowns
VCSH vs. EFV - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, smaller than the maximum EFV drawdown of -63.94%. Use the drawdown chart below to compare losses from any high point for VCSH and EFV.
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Drawdown Indicators
| VCSH | EFV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -63.94% | +51.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -10.90% | +9.50% |
Max Drawdown (3Y)Largest decline over 3 years | -1.40% | -13.72% | +12.32% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -25.84% | +16.36% |
Max Drawdown (10Y)Largest decline over 10 years | -12.86% | -43.16% | +30.30% |
Current DrawdownCurrent decline from peak | -0.52% | -3.47% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -14.82% | +13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.93% | -2.59% |
Volatility
VCSH vs. EFV - Volatility Comparison
The current volatility for Vanguard Short-Term Corporate Bond ETF (VCSH) is 0.61%, while iShares MSCI EAFE Value ETF (EFV) has a volatility of 3.81%. This indicates that VCSH experiences smaller price fluctuations and is considered to be less risky than EFV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCSH | EFV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 3.81% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 11.74% | -10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 14.35% | -12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 15.98% | -13.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 17.87% | -14.52% |
VCSH vs. EFV - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is lower than EFV's 0.39% expense ratio.
Dividends
VCSH vs. EFV - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 4.46%, more than EFV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 3.85% | 4.16% | 4.66% | 4.36% | 4.17% | 4.07% | 2.42% | 4.62% | 4.56% | 3.56% | 3.28% | 3.59% |
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 EFV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFV has higher volatility (3.81%) compared to VCSH (0.61%). In terms of maximum drawdown, VCSH dropped -12.86% vs EFV's -63.94%.
On 10-year performance, EFV leads with 9.94% vs 2.66% for VCSH. On fees, VCSH is cheaper at 0.04% per year. On volatility, VCSH has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EFV has performed better with a 9.94% return vs 2.66%. 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 0.39% for EFV.
VCSH has the higher dividend yield at 4.46%, compared with 3.85% for EFV.
VCSH is categorized as Corporate Bonds, while EFV is Foreign Large Cap Equities. VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index, while EFV tracks MSCI EAFE Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VCSH and 0.39% for EFV.
VCSH currently has the higher Sharpe Ratio (2.45 vs 1.80), 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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