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VFIRX vs. VFSUX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

VFIRX vs. VFSUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX) and Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VFIRX achieves a 0.44% return, which is significantly lower than VFSUX's 0.82% return. Over the past 10 years, VFIRX has underperformed VFSUX with an annualized return of 1.71%, while VFSUX has yielded a comparatively higher 2.64% annualized return.


VFIRX

1D
-0.10%
1M
0.12%
YTD
0.44%
6M
0.65%
1Y
3.58%
3Y*
4.12%
5Y*
1.51%
10Y*
1.71%

VFSUX

1D
0.00%
1M
0.31%
YTD
0.82%
6M
1.11%
1Y
4.80%
3Y*
5.63%
5Y*
2.41%
10Y*
2.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VFIRX vs. VFSUX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
VFIRX
Vanguard Short-Term Treasury Fund Admiral Shares
0.44%5.47%3.85%3.66%-4.61%-0.80%4.06%3.71%1.47%0.40%
VFSUX
Vanguard Short-Term Investment-Grade Fund Admiral Shares
0.82%6.87%5.08%6.17%-5.75%-0.62%5.26%5.85%0.98%2.13%

Correlation

The correlation between VFIRX and VFSUX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


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

0.85

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

0.88

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

0.87

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

0.81

Correlation (All Time)
Calculated using the full available price history since Feb 14, 2001

0.79

The correlation between VFIRX and VFSUX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

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Return for Risk

VFIRX vs. VFSUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFIRX
VFIRX Risk / Return Rank: 4242
Overall Rank
VFIRX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
VFIRX Sortino Ratio Rank: 4949
Sortino Ratio Rank
VFIRX Omega Ratio Rank: 4343
Omega Ratio Rank
VFIRX Calmar Ratio Rank: 4343
Calmar Ratio Rank
VFIRX Martin Ratio Rank: 3939
Martin Ratio Rank

VFSUX
VFSUX Risk / Return Rank: 6161
Overall Rank
VFSUX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
VFSUX Sortino Ratio Rank: 7878
Sortino Ratio Rank
VFSUX Omega Ratio Rank: 7171
Omega Ratio Rank
VFSUX Calmar Ratio Rank: 5454
Calmar Ratio Rank
VFSUX Martin Ratio Rank: 5555
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.

VFIRX vs. VFSUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX) and Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX). 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.


VFIRXVFSUXDifference
Sharpe ratioReturn per unit of total volatility

-0.39

Sortino ratioReturn per unit of downside risk

-0.76

Omega ratioGain probability vs. loss probability

1.35

1.47

-0.12

Calmar ratioReturn relative to maximum drawdown

2.49

2.83

-0.34

Martin ratioReturn relative to average drawdown

8.39

11.18

-2.79

VFIRX vs. VFSUX - Sharpe Ratio Comparison

The current VFIRX Sharpe Ratio is 1.68, which is comparable to the VFSUX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VFIRX and VFSUX, 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


VFIRXVFSUXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

2.08

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.81

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

1.06

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

1.16

1.35

-0.19

Drawdowns

VFIRX vs. VFSUX - Drawdown Comparison

The maximum VFIRX drawdown since its inception was -6.73%, smaller than the maximum VFSUX drawdown of -9.24%. Use the drawdown chart below to compare losses from any high point for VFIRX and VFSUX.


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Drawdown Indicators


VFIRXVFSUXDifference

Max Drawdown

Largest peak-to-trough decline

-6.73%

-9.24%

+2.51%

Max Drawdown (1Y)

Largest decline over 1 year

-1.40%

-1.71%

+0.31%

Max Drawdown (3Y)

Largest decline over 3 years

-1.40%

-1.71%

+0.31%

Max Drawdown (5Y)

Largest decline over 5 years

-6.73%

-9.24%

+2.51%

Max Drawdown (10Y)

Largest decline over 10 years

-6.73%

-9.24%

+2.51%

Current Drawdown

Current decline from peak

-0.56%

-0.23%

-0.33%

Average Drawdown

Average peak-to-trough decline

-0.71%

-0.87%

+0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.42%

0.43%

-0.01%

Volatility

VFIRX vs. VFSUX - Volatility Comparison

The current volatility for Vanguard Short-Term Treasury Fund Admiral Shares (VFIRX) is 0.61%, while Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) has a volatility of 0.75%. This indicates that VFIRX experiences smaller price fluctuations and is considered to be less risky than VFSUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


VFIRXVFSUXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.61%

0.75%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

1.50%

1.66%

-0.16%

Volatility (1Y)

Calculated over the trailing 1-year period

2.08%

2.33%

-0.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.68%

2.99%

-0.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.12%

2.49%

-0.37%

VFIRX vs. VFSUX - Expense Ratio Comparison

Both VFIRX and VFSUX have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Dividends

VFIRX vs. VFSUX - Dividend Comparison

VFIRX's dividend yield for the trailing twelve months is around 3.85%, less than VFSUX's 4.72% yield.


PositionTTM20252024202320222021202020192018201720162015
VFIRX
Vanguard Short-Term Treasury Fund Admiral Shares
3.85%3.99%4.49%4.07%2.03%0.60%2.30%2.49%2.21%1.25%1.28%0.93%
VFSUX
Vanguard Short-Term Investment-Grade Fund Admiral Shares
4.72%4.59%4.16%3.14%2.03%1.79%2.34%2.92%2.79%2.11%2.14%2.09%

Frequently Asked Questions


VFIRX and VFSUX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VFSUX has higher volatility (0.75%) compared to VFIRX (0.61%). In terms of maximum drawdown, VFIRX dropped -6.73% vs VFSUX's -9.24%.

VFSUX currently has the higher Sharpe Ratio (2.08 vs 1.68), 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.

Portfolio Optimizer

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