VGSH vs. BNDD
Compare and contrast key facts about Vanguard Short-Term Treasury ETF (VGSH) and Quadratic Deflation ETF (BNDD).
VGSH and BNDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009. BNDD is an actively managed fund by Quadratic. It was launched on Sep 16, 2021.
Performance
VGSH vs. BNDD - Performance Comparison
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VGSH vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 0.25% | 5.07% | 4.00% | 4.31% | -3.86% | -0.67% |
BNDD Quadratic Deflation ETF | 3.43% | -8.17% | -6.65% | 4.02% | -17.48% | 5.54% |
Returns By Period
In the year-to-date period, VGSH achieves a 0.25% return, which is significantly lower than BNDD's 3.43% return.
VGSH
- 1D
- -0.02%
- 1M
- -0.33%
- YTD
- 0.25%
- 6M
- 1.24%
- 1Y
- 3.68%
- 3Y*
- 3.97%
- 5Y*
- 1.79%
- 10Y*
- 1.74%
BNDD
- 1D
- 0.21%
- 1M
- -0.46%
- YTD
- 3.43%
- 6M
- 0.20%
- 1Y
- -5.98%
- 3Y*
- -4.56%
- 5Y*
- —
- 10Y*
- —
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VGSH vs. BNDD - Expense Ratio Comparison
VGSH has a 0.03% expense ratio, which is lower than BNDD's 1.04% expense ratio.
Return for Risk
VGSH vs. BNDD — Risk / Return Rank
VGSH
BNDD
VGSH vs. BNDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and Quadratic Deflation ETF (BNDD). 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.
| VGSH | BNDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.57 | -0.49 | +3.06 |
Sortino ratioReturn per unit of downside risk | 4.13 | -0.58 | +4.71 |
Omega ratioGain probability vs. loss probability | 1.55 | 0.93 | +0.63 |
Calmar ratioReturn relative to maximum drawdown | 4.21 | -0.45 | +4.66 |
Martin ratioReturn relative to average drawdown | 15.93 | -0.68 | +16.61 |
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
| VGSH | BNDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | -0.49 | +3.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | -0.35 | +1.36 |
Correlation
The correlation between VGSH and BNDD is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VGSH vs. BNDD - Dividend Comparison
VGSH's dividend yield for the trailing twelve months is around 3.93%, more than BNDD's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 3.93% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
BNDD Quadratic Deflation ETF | 3.63% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VGSH vs. BNDD - Drawdown Comparison
The maximum VGSH drawdown since its inception was -5.70%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for VGSH and BNDD.
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Drawdown Indicators
| VGSH | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -30.87% | +25.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -10.93% | +10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.70% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -27.13% | +26.61% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -19.04% | +18.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 7.27% | -7.04% |
Volatility
VGSH vs. BNDD - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury ETF (VGSH) is 0.52%, while Quadratic Deflation ETF (BNDD) has a volatility of 3.47%. This indicates that VGSH experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSH | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 3.47% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 0.84% | 8.07% | -7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 12.39% | -10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.96% | 13.55% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 13.55% | -11.98% |