VCSH vs. IGSB
Compare and contrast key facts about Vanguard Short-Term Corporate Bond ETF (VCSH) and iShares Short-Term Corporate Bond ETF (IGSB).
VCSH and IGSB 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. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007. Both VCSH and IGSB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCSH or IGSB.
Performance
VCSH vs. IGSB - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VCSH having a 4.38% return and IGSB slightly higher at 4.46%. Over the past 10 years, VCSH has outperformed IGSB with an annualized return of 2.29%, while IGSB has yielded a comparatively lower 2.16% annualized return.
VCSH
4.38%
-0.60%
3.49%
7.22%
1.90%
2.29%
IGSB
4.46%
-0.62%
3.49%
7.31%
2.02%
2.16%
Key characteristics
| VCSH | IGSB | |
|---|---|---|
| Sharpe Ratio | 3.03 | 2.99 |
| Sortino Ratio | 4.83 | 4.75 |
| Omega Ratio | 1.62 | 1.61 |
| Calmar Ratio | 2.17 | 2.31 |
| Martin Ratio | 17.18 | 17.54 |
| Ulcer Index | 0.44% | 0.43% |
| Daily Std Dev | 2.48% | 2.54% |
| Max Drawdown | -12.86% | -13.38% |
| Current Drawdown | -1.07% | -1.06% |
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VCSH vs. IGSB - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is lower than IGSB's 0.06% 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%.
Correlation
The correlation between VCSH and IGSB is 0.71, 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.
Risk-Adjusted Performance
VCSH vs. IGSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and iShares Short-Term Corporate Bond ETF (IGSB). 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.
Dividends
VCSH vs. IGSB - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 3.82%, less than IGSB's 3.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 3.82% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
IGSB iShares Short-Term Corporate Bond ETF | 3.91% | 3.26% | 2.07% | 1.82% | 2.37% | 3.07% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% | 1.17% |
Drawdowns
VCSH vs. IGSB - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, roughly equal to the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for VCSH and IGSB. For additional features, visit the drawdowns tool.
Volatility
VCSH vs. IGSB - Volatility Comparison
Vanguard Short-Term Corporate Bond ETF (VCSH) and iShares Short-Term Corporate Bond ETF (IGSB) have volatilities of 0.66% and 0.68%, 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.