VFSUX vs. VCSH
Compare and contrast key facts about Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) and Vanguard Short-Term Corporate Bond ETF (VCSH).
VFSUX is managed by Vanguard. It was launched on Feb 12, 2001. 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.
Performance
VFSUX vs. VCSH - Performance Comparison
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VFSUX vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFSUX Vanguard Short-Term Investment-Grade Fund Admiral Shares | -0.19% | 6.87% | 5.08% | 6.17% | -5.75% | -0.62% | 5.26% | 5.85% | 0.98% | 2.13% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.22% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 7.02% | 0.92% | 2.17% |
Returns By Period
In the year-to-date period, VFSUX achieves a -0.19% return, which is significantly lower than VCSH's 0.22% return. Both investments have delivered pretty close results over the past 10 years, with VFSUX having a 2.61% annualized return and VCSH not far ahead at 2.72%.
VFSUX
- 1D
- 0.19%
- 1M
- -1.04%
- YTD
- -0.19%
- 6M
- 0.87%
- 1Y
- 4.56%
- 3Y*
- 5.31%
- 5Y*
- 2.33%
- 10Y*
- 2.61%
VCSH
- 1D
- 0.08%
- 1M
- -0.57%
- YTD
- 0.22%
- 6M
- 1.25%
- 1Y
- 4.91%
- 3Y*
- 5.39%
- 5Y*
- 2.38%
- 10Y*
- 2.72%
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VFSUX vs. VCSH - Expense Ratio Comparison
VFSUX has a 0.10% expense ratio, which is higher than VCSH'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%.
Return for Risk
VFSUX vs. VCSH — Risk / Return Rank
VFSUX
VCSH
VFSUX vs. VCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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.
| VFSUX | VCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 2.17 | -0.33 |
Sortino ratioReturn per unit of downside risk | 3.00 | 3.18 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.58 | -0.62 |
Martin ratioReturn relative to average drawdown | 11.85 | 14.56 | -2.71 |
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
| VFSUX | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.17 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.84 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 0.82 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.02 | +0.32 |
Correlation
The correlation between VFSUX and VCSH is 0.71, 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.
Dividends
VFSUX vs. VCSH - Dividend Comparison
VFSUX's dividend yield for the trailing twelve months is around 4.29%, less than VCSH's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSUX Vanguard Short-Term Investment-Grade Fund Admiral Shares | 4.29% | 4.59% | 4.16% | 3.14% | 2.03% | 1.79% | 2.34% | 2.92% | 2.79% | 2.11% | 2.14% | 2.09% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.43% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Drawdowns
VFSUX vs. VCSH - Drawdown Comparison
The maximum VFSUX drawdown since its inception was -9.24%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for VFSUX and VCSH.
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Drawdown Indicators
| VFSUX | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.24% | -12.86% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.71% | -1.40% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -9.48% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -9.24% | -12.86% | +3.62% |
Current DrawdownCurrent decline from peak | -1.23% | -0.74% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.97% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.34% | +0.09% |
Volatility
VFSUX vs. VCSH - Volatility Comparison
The current volatility for Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) is 0.78%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.95%. This indicates that VFSUX experiences smaller price fluctuations and is considered to be less risky than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFSUX | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.95% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.29% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 2.28% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 2.86% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.47% | 3.35% | -0.88% |