VCSH vs. VOO
Compare and contrast key facts about Vanguard Short-Term Corporate Bond ETF (VCSH) and Vanguard S&P 500 ETF (VOO).
VCSH and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both VCSH and VOO 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 VOO.
Performance
VCSH vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, VCSH achieves a 4.38% return, which is significantly lower than VOO's 24.51% return. Over the past 10 years, VCSH has underperformed VOO with an annualized return of 2.29%, while VOO has yielded a comparatively higher 13.12% annualized return.
VCSH
4.38%
-0.60%
3.49%
7.22%
1.90%
2.29%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| VCSH | VOO | |
|---|---|---|
| Sharpe Ratio | 3.03 | 2.64 |
| Sortino Ratio | 4.83 | 3.53 |
| Omega Ratio | 1.62 | 1.49 |
| Calmar Ratio | 2.17 | 3.81 |
| Martin Ratio | 17.18 | 17.34 |
| Ulcer Index | 0.44% | 1.86% |
| Daily Std Dev | 2.48% | 12.20% |
| Max Drawdown | -12.86% | -33.99% |
| Current Drawdown | -1.07% | -2.16% |
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VCSH vs. VOO - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is higher than VOO's 0.03% expense ratio. However, 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 VOO is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
VCSH vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 3.82%, more than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VCSH vs. VOO - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VCSH and VOO. For additional features, visit the drawdowns tool.
Volatility
VCSH vs. VOO - Volatility Comparison
The current volatility for Vanguard Short-Term Corporate Bond ETF (VCSH) is 0.66%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.09%. This indicates that VCSH experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.