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VCSH vs. SCHV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VCSH vs. SCHV

Last updated Jun 9, 2026

VCSH (Vanguard Short-Term Corporate Bond ETF) and SCHV (Schwab U.S. Large-Cap 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 SCHV is a Large Cap Value Equities fund tracking the Dow Jones U.S. Large-Cap Value Total Stock Market Index. Both are passively managed. Over the past 10 years, VCSH returned 2.66%/yr vs 11.38%/yr for SCHV. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.04% expense ratio.

Performance

VCSH vs. SCHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Corporate Bond ETF (VCSH) and Schwab U.S. Large-Cap Value ETF (SCHV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VCSH achieves a 0.44% return, which is significantly lower than SCHV's 14.24% return. Over the past 10 years, VCSH has underperformed SCHV with an annualized return of 2.66%, while SCHV has yielded a comparatively higher 11.38% 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%

SCHV

1D
0.45%
1M
3.06%
YTD
14.24%
6M
15.31%
1Y
26.78%
3Y*
18.05%
5Y*
10.33%
10Y*
11.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VCSH vs. SCHV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SCHV
Schwab U.S. Large-Cap Value ETF		14.24%16.02%14.13%8.93%-7.65%25.58%2.64%25.92%-7.30%16.56%

Correlation

The correlation between VCSH and SCHV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.28

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2009

0.07

Over the past year, VCSH and SCHV have become more correlated (0.37) than their long-term average of 0.07, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Short-Term Corporate Bond ETF

Schwab U.S. Large-Cap Value ETF

Often compared with VCSH:
VCSH vs. VGSHVCSH vs. IGSBVCSH vs. BSVVCSH vs. BNDVCSH vs. VTIPVCSH vs. JPSTVCSH vs. VFSTX
Often compared with SCHV:
SCHV vs. VTVSCHV vs. SCHDSCHV vs. SCHXSCHV vs. AVLVSCHV vs. VOOSCHV vs. SCHASCHV vs. SPY

Return for Risk

VCSH vs. SCHV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VCSH
VCSH Risk / Return Rank: 8282
Overall Rank
VCSH Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VCSH Sortino Ratio Rank: 9090
Sortino Ratio Rank
VCSH Omega Ratio Rank: 8686
Omega Ratio Rank
VCSH Calmar Ratio Rank: 7272
Calmar Ratio Rank
VCSH Martin Ratio Rank: 7777
Martin Ratio Rank
SCHV
SCHV Risk / Return Rank: 8484
Overall Rank
SCHV Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
SCHV Sortino Ratio Rank: 8686
Sortino Ratio Rank
SCHV Omega Ratio Rank: 8282
Omega Ratio Rank
SCHV Calmar Ratio Rank: 8282
Calmar Ratio Rank
SCHV Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VCSH vs. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and Schwab U.S. Large-Cap Value ETF (SCHV). 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.

VCSHSCHVDifference
Sharpe ratioReturn per unit of total volatility
2.45
2.50

-0.05

Sortino ratioReturn per unit of downside risk
3.82
3.51

+0.32

Omega ratioGain probability vs. loss probability

1.48

1.44

+0.04

Calmar ratioReturn relative to maximum drawdown

3.27

3.94

-0.67

Martin ratioReturn relative to average drawdown

13.41

15.87

-2.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCSH vs. SCHV - Sharpe Ratio Comparison

The current VCSH Sharpe Ratio is 2.45, which is comparable to the SCHV Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of VCSH and SCHV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VCSHSCHVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.45

2.50

-0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.71

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.67

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

1.01

0.71

+0.30

Drawdowns

VCSH vs. SCHV - Drawdown Comparison

The maximum VCSH drawdown since its inception was -12.86%, smaller than the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for VCSH and SCHV.

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Drawdown Indicators

VCSHSCHVDifference

Max Drawdown

Largest peak-to-trough decline

-12.86%

-37.08%

+24.22%

Max Drawdown (1Y)

Largest decline over 1 year

-1.40%

-6.83%

+5.43%

Max Drawdown (3Y)

Largest decline over 3 years

-1.40%

-15.26%

+13.86%

Max Drawdown (5Y)

Largest decline over 5 years

-9.48%

-19.78%

+10.30%

Max Drawdown (10Y)

Largest decline over 10 years

-12.86%

-37.08%

+24.22%

Current Drawdown

Current decline from peak

-0.52%

-1.49%

+0.97%

Average Drawdown

Average peak-to-trough decline

-0.97%

-3.83%

+2.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.34%

1.69%

-1.35%

Volatility

VCSH vs. SCHV - Volatility Comparison

The current volatility for Vanguard Short-Term Corporate Bond ETF (VCSH) is 0.61%, while Schwab U.S. Large-Cap Value ETF (SCHV) has a volatility of 3.33%. This indicates that VCSH experiences smaller price fluctuations and is considered to be less risky than SCHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VCSHSCHVDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.61%

3.33%

-2.72%

Volatility (6M)

Calculated over the trailing 6-month period

1.41%

8.37%

-6.96%

Volatility (1Y)

Calculated over the trailing 1-year period

1.87%

10.80%

-8.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.88%

14.53%

-11.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.35%

16.95%

-13.60%

VCSH vs. SCHV - Expense Ratio Comparison

Both VCSH and SCHV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VCSH vs. SCHV - Dividend Comparison

VCSH's dividend yield for the trailing twelve months is around 4.46%, more than SCHV's 1.78% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHV
Schwab U.S. Large-Cap Value ETF		1.78%2.02%2.25%2.42%2.37%1.93%3.03%3.02%3.05%2.37%2.65%2.69%
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 SCHV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHV has higher volatility (3.33%) compared to VCSH (0.61%). In terms of maximum drawdown, VCSH dropped -12.86% vs SCHV's -37.08%.

On 10-year performance, SCHV leads with 11.38% vs 2.66% for VCSH. Both ETFs have the same 0.04% expense ratio. 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, SCHV has performed better with a 11.38% return vs 2.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VCSH and SCHV have the same expense ratio: 0.04% per year.

VCSH has the higher dividend yield at 4.46%, compared with 1.78% for SCHV.

VCSH is categorized as Corporate Bonds, while SCHV is Large Cap Value Equities. VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index, while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. They also come from different issuers: Vanguard and Charles Schwab.

SCHV currently has the higher Sharpe Ratio (2.50 vs 2.45), 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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