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VFSTX vs. SHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VFSTX vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.53%
2.83%
VFSTX
SHY

Returns By Period

In the year-to-date period, VFSTX achieves a 4.34% return, which is significantly higher than SHY's 3.35% return. Over the past 10 years, VFSTX has outperformed SHY with an annualized return of 2.04%, while SHY has yielded a comparatively lower 1.19% annualized return.


VFSTX

YTD

4.34%

1M

-0.41%

6M

3.53%

1Y

7.14%

5Y (annualized)

1.79%

10Y (annualized)

2.04%

SHY

YTD

3.35%

1M

-0.27%

6M

2.83%

1Y

4.96%

5Y (annualized)

1.18%

10Y (annualized)

1.19%

Key characteristics


VFSTXSHY
Sharpe Ratio2.592.65
Sortino Ratio4.184.22
Omega Ratio1.541.55
Calmar Ratio1.792.29
Martin Ratio14.2713.26
Ulcer Index0.51%0.38%
Daily Std Dev2.80%1.87%
Max Drawdown-9.68%-5.71%
Current Drawdown-1.08%-0.79%

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VFSTX vs. SHY - Expense Ratio Comparison

VFSTX has a 0.20% expense ratio, which is higher than SHY's 0.15% 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%.


VFSTX
Vanguard Short-Term Investment-Grade Fund Investor Shares
Expense ratio chart for VFSTX: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for SHY: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.7

The correlation between VFSTX and SHY 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.

Risk-Adjusted Performance

VFSTX vs. SHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.


Sharpe ratio
The chart of Sharpe ratio for VFSTX, currently valued at 2.59, compared to the broader market0.002.004.002.592.65
The chart of Sortino ratio for VFSTX, currently valued at 4.18, compared to the broader market0.005.0010.004.184.22
The chart of Omega ratio for VFSTX, currently valued at 1.53, compared to the broader market1.002.003.004.001.541.55
The chart of Calmar ratio for VFSTX, currently valued at 1.79, compared to the broader market0.005.0010.0015.0020.0025.001.792.29
The chart of Martin ratio for VFSTX, currently valued at 14.27, compared to the broader market0.0020.0040.0060.0080.00100.0014.2713.26
VFSTX
SHY

The current VFSTX Sharpe Ratio is 2.59, which is comparable to the SHY Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of VFSTX and SHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.59
2.65
VFSTX
SHY

Dividends

VFSTX vs. SHY - Dividend Comparison

VFSTX's dividend yield for the trailing twelve months is around 3.91%, more than SHY's 3.86% yield.


TTM20232022202120202019201820172016201520142013
VFSTX
Vanguard Short-Term Investment-Grade Fund Investor Shares
3.91%3.04%1.93%1.62%2.24%2.81%2.67%1.99%1.97%1.98%1.89%1.82%
SHY
iShares 1-3 Year Treasury Bond ETF
3.86%2.99%1.30%0.26%0.94%2.12%1.72%0.98%0.72%0.54%0.36%0.26%

Drawdowns

VFSTX vs. SHY - Drawdown Comparison

The maximum VFSTX drawdown since its inception was -9.68%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for VFSTX and SHY. For additional features, visit the drawdowns tool.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.08%
-0.79%
VFSTX
SHY

Volatility

VFSTX vs. SHY - Volatility Comparison

Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) has a higher volatility of 0.80% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.40%. This indicates that VFSTX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%JuneJulyAugustSeptemberOctoberNovember
0.80%
0.40%
VFSTX
SHY