VCSH vs. USD=X
VCSH (Vanguard Short-Term Corporate Bond ETF) is Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index, while USD=X (USD Cash) is a currency. Over the past 10 years, VCSH returned 2.66%/yr vs 0.00%/yr for USD=X.
Performance
VCSH vs. USD=X - Performance Comparison
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Returns By Period
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%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
VCSH vs. USD=X - 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% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
VCSH vs. USD=X — Risk / Return Rank
VCSH
USD=X
VCSH vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | — | — |
| Martin ratioReturn relative to average drawdown | 13.41 | — | — |
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 | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | — | — |
Drawdowns
VCSH vs. USD=X - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VCSH and USD=X.
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Drawdown Indicators
| VCSH | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | 0.00% | -12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | 0.00% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.40% | 0.00% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | 0.00% | -9.48% |
Max Drawdown (10Y)Largest decline over 10 years | -12.86% | 0.00% | -12.86% |
Current DrawdownCurrent decline from peak | -0.52% | 0.00% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -0.97% | 0.00% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.00% | +0.34% |
Volatility
VCSH vs. USD=X - Volatility Comparison
Vanguard Short-Term Corporate Bond ETF (VCSH) has a higher volatility of 0.61% compared to USD Cash (USD=X) at 0.00%. This indicates that VCSH's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCSH | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.00% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 0.00% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 0.00% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 0.00% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 0.00% | +3.35% |
Frequently Asked Questions
VCSH has higher volatility (0.61%) compared to USD=X (0.00%). In terms of maximum drawdown, VCSH dropped -12.86% vs USD=X's 0.00%.
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