VGRLX vs. VSCSX
VGRLX (Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares) and VSCSX (Vanguard Short-Term Corporate Bond Index Fund Admiral Shares) are both mutual funds - VGRLX is a REIT fund managed by Vanguard, while VSCSX is a Corporate Bonds fund managed by Vanguard. Over the past 10 years, VGRLX returned 2.44%/yr vs 2.73%/yr for VSCSX. At a 0.09 correlation, their price movements are largely independent. VGRLX charges 0.12%/yr vs 0.07%/yr for VSCSX.
Performance
VGRLX vs. VSCSX - Performance Comparison
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Returns By Period
In the year-to-date period, VGRLX achieves a -1.15% return, which is significantly lower than VSCSX's 0.71% return. Over the past 10 years, VGRLX has underperformed VSCSX with an annualized return of 2.44%, while VSCSX has yielded a comparatively higher 2.73% annualized return.
VGRLX
- 1D
- -0.22%
- 1M
- -3.13%
- YTD
- -1.15%
- 6M
- -0.08%
- 1Y
- 7.24%
- 3Y*
- 8.63%
- 5Y*
- -1.23%
- 10Y*
- 2.44%
VSCSX
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 0.71%
- 6M
- 0.99%
- 1Y
- 4.63%
- 3Y*
- 5.66%
- 5Y*
- 2.40%
- 10Y*
- 2.73%
VGRLX vs. VSCSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | -1.15% | 22.00% | -2.42% | 6.19% | -22.36% | 5.65% | -6.91% | 21.44% | -9.55% | 26.53% |
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 0.71% | 6.75% | 5.36% | 6.11% | -5.72% | -0.43% | 5.06% | 6.85% | 0.88% | 2.46% |
Correlation
The correlation between VGRLX and VSCSX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2010 | 0.09 |
Over the past year, VGRLX and VSCSX have become more correlated (0.42) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
VGRLX vs. VSCSX — Risk / Return Rank
VGRLX
VSCSX
VGRLX vs. VSCSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX) and Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX). 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.
| VGRLX | VSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.55 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 3.44 | -2.98 |
| Martin ratioReturn relative to average drawdown | 1.45 | 13.75 | -12.30 |
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
| VGRLX | VSCSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.69 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.89 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 1.16 | -0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.36 | -1.14 |
Drawdowns
VGRLX vs. VSCSX - Drawdown Comparison
The maximum VGRLX drawdown since its inception was -38.77%, which is greater than VSCSX's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for VGRLX and VSCSX.
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Drawdown Indicators
| VGRLX | VSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -9.36% | -29.41% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -1.36% | -12.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -1.36% | -14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -35.54% | -9.36% | -26.18% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -9.36% | -29.41% |
Current DrawdownCurrent decline from peak | -10.41% | -0.26% | -10.15% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -0.98% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 0.34% | +4.26% |
Volatility
VGRLX vs. VSCSX - Volatility Comparison
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares (VGRLX) has a higher volatility of 3.81% compared to Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) at 0.57%. This indicates that VGRLX's price experiences larger fluctuations and is considered to be riskier than VSCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGRLX | VSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 0.57% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 1.27% | +8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 1.75% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.99% | 2.71% | +11.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 2.37% | +12.41% |
VGRLX vs. VSCSX - Expense Ratio Comparison
VGRLX has a 0.12% expense ratio, which is higher than VSCSX's 0.07% 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%.
Dividends
VGRLX vs. VSCSX - Dividend Comparison
VGRLX's dividend yield for the trailing twelve months is around 4.75%, more than VSCSX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGRLX Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares | 4.75% | 4.69% | 5.17% | 3.74% | 0.56% | 6.49% | 0.92% | 7.76% | 4.62% | 3.86% | 5.17% | 2.84% |
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 4.42% | 4.32% | 4.27% | 3.07% | 1.98% | 1.78% | 2.25% | 2.85% | 2.66% | 2.26% | 1.93% | 2.21% |
Frequently Asked Questions
VGRLX and VSCSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGRLX has higher volatility (3.81%) compared to VSCSX (0.57%). In terms of maximum drawdown, VGRLX dropped -38.77% vs VSCSX's -9.36%.
VSCSX currently has the higher Sharpe Ratio (2.69 vs 0.55), 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.
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