VCSH vs. YEAR
Compare and contrast key facts about Vanguard Short-Term Corporate Bond ETF (VCSH) and AB Ultra Short Income ETF (YEAR).
VCSH and YEAR 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. YEAR is an actively managed fund by AllianceBernstein. It was launched on Sep 13, 2022.
Performance
VCSH vs. YEAR - Performance Comparison
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VCSH vs. YEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 0.13% | 6.77% | 4.91% | 6.20% | 0.30% |
YEAR AB Ultra Short Income ETF | 0.66% | 4.69% | 5.41% | 5.85% | 1.10% |
Returns By Period
In the year-to-date period, VCSH achieves a 0.13% return, which is significantly lower than YEAR's 0.66% return.
VCSH
- 1D
- 0.29%
- 1M
- -0.83%
- YTD
- 0.13%
- 6M
- 1.37%
- 1Y
- 4.93%
- 3Y*
- 5.36%
- 5Y*
- 2.37%
- 10Y*
- 2.72%
YEAR
- 1D
- 0.09%
- 1M
- -0.01%
- YTD
- 0.66%
- 6M
- 1.70%
- 1Y
- 4.08%
- 3Y*
- 5.13%
- 5Y*
- —
- 10Y*
- —
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VCSH vs. YEAR - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is lower than YEAR's 0.25% 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%.
Return for Risk
VCSH vs. YEAR — Risk / Return Rank
VCSH
YEAR
VCSH vs. YEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and AB Ultra Short Income ETF (YEAR). 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 | YEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 4.72 | -2.54 |
Sortino ratioReturn per unit of downside risk | 3.19 | 8.76 | -5.57 |
Omega ratioGain probability vs. loss probability | 1.45 | 2.16 | -0.71 |
Calmar ratioReturn relative to maximum drawdown | 3.52 | 13.54 | -10.02 |
Martin ratioReturn relative to average drawdown | 14.44 | 61.59 | -47.15 |
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 | YEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 4.72 | -2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 4.30 | -3.28 |
Correlation
The correlation between VCSH and YEAR is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VCSH vs. YEAR - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 4.41%, more than YEAR's 4.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 4.41% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
YEAR AB Ultra Short Income ETF | 4.27% | 4.33% | 5.16% | 5.00% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VCSH vs. YEAR - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, which is greater than YEAR's maximum drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for VCSH and YEAR.
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Drawdown Indicators
| VCSH | YEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -0.61% | -12.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -0.30% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.86% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.01% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -0.06% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.07% | +0.27% |
Volatility
VCSH vs. YEAR - Volatility Comparison
Vanguard Short-Term Corporate Bond ETF (VCSH) has a higher volatility of 0.94% compared to AB Ultra Short Income ETF (YEAR) at 0.24%. This indicates that VCSH's price experiences larger fluctuations and is considered to be riskier than YEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCSH | YEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.24% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 0.50% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 0.87% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 1.17% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 1.17% | +2.18% |