VFISX vs. VGSH
Compare and contrast key facts about Vanguard Short-Term Treasury Fund Investor Shares (VFISX) and Vanguard Short-Term Treasury ETF (VGSH).
VFISX is managed by Vanguard. It was launched on Oct 28, 1991. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFISX or VGSH.
Key characteristics
| VFISX | VGSH | |
|---|---|---|
| YTD Return | 4.12% | 4.04% |
| 1Y Return | 7.23% | 6.82% |
| 3Y Return (Ann) | 0.67% | 1.22% |
| 5Y Return (Ann) | 1.31% | 1.50% |
| 10Y Return (Ann) | 1.29% | 1.36% |
| Sharpe Ratio | 2.64 | 3.51 |
| Daily Std Dev | 2.74% | 1.93% |
| Max Drawdown | -6.87% | -5.70% |
| Current Drawdown | -0.10% | -0.05% |
Correlation
The correlation between VFISX and VGSH is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VFISX vs. VGSH - Performance Comparison
The year-to-date returns for both stocks are quite close, with VFISX having a 4.12% return and VGSH slightly lower at 4.04%. Over the past 10 years, VFISX has underperformed VGSH with an annualized return of 1.29%, while VGSH has yielded a comparatively higher 1.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFISX vs. VGSH - Expense Ratio Comparison
VFISX has a 0.20% expense ratio, which is higher than VGSH's 0.04% 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%.
Risk-Adjusted Performance
VFISX vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Fund Investor Shares (VFISX) and Vanguard Short-Term Treasury ETF (VGSH). 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
VFISX vs. VGSH - Dividend Comparison
VFISX's dividend yield for the trailing twelve months is around 4.35%, more than VGSH's 4.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFISX Vanguard Short-Term Treasury Fund Investor Shares | 4.35% | 3.95% | 1.93% | 0.54% | 2.21% | 2.38% | 2.10% | 1.16% | 1.19% | 0.84% | 0.58% | 0.47% |
VGSH Vanguard Short-Term Treasury ETF | 4.00% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.82% | 0.71% | 0.46% | 0.34% |
Drawdowns
VFISX vs. VGSH - Drawdown Comparison
The maximum VFISX drawdown since its inception was -6.87%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for VFISX and VGSH. For additional features, visit the drawdowns tool.
Volatility
VFISX vs. VGSH - Volatility Comparison
Vanguard Short-Term Treasury Fund Investor Shares (VFISX) has a higher volatility of 0.54% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.43%. This indicates that VFISX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.