VFSTX vs. SLQD
Compare and contrast key facts about Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD).
VFSTX is managed by Vanguard. It was launched on Oct 29, 1982. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFSTX or SLQD.
Performance
VFSTX vs. SLQD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VFSTX having a 4.34% return and SLQD slightly higher at 4.42%. Over the past 10 years, VFSTX has underperformed SLQD with an annualized return of 2.04%, while SLQD has yielded a comparatively higher 2.22% annualized return.
VFSTX
4.34%
-0.41%
3.53%
7.14%
1.79%
2.04%
SLQD
4.42%
-0.28%
3.34%
6.77%
2.06%
2.22%
Key characteristics
| VFSTX | SLQD | |
|---|---|---|
| Sharpe Ratio | 2.59 | 3.40 |
| Sortino Ratio | 4.18 | 5.61 |
| Omega Ratio | 1.54 | 1.74 |
| Calmar Ratio | 1.79 | 3.87 |
| Martin Ratio | 14.27 | 22.09 |
| Ulcer Index | 0.51% | 0.31% |
| Daily Std Dev | 2.80% | 2.02% |
| Max Drawdown | -9.68% | -12.69% |
| Current Drawdown | -1.08% | -0.64% |
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VFSTX vs. SLQD - Expense Ratio Comparison
VFSTX has a 0.20% expense ratio, which is higher than SLQD's 0.06% 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 VFSTX and SLQD is 0.66, 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.
Risk-Adjusted Performance
VFSTX vs. SLQD - 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 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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
VFSTX vs. SLQD - Dividend Comparison
VFSTX's dividend yield for the trailing twelve months is around 3.91%, more than SLQD's 3.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
Drawdowns
VFSTX vs. SLQD - Drawdown Comparison
The maximum VFSTX drawdown since its inception was -9.68%, smaller than the maximum SLQD drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for VFSTX and SLQD. For additional features, visit the drawdowns tool.
Volatility
VFSTX vs. SLQD - Volatility Comparison
Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) has a higher volatility of 0.80% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.51%. This indicates that VFSTX's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.