VGSH vs. BNDX
Compare and contrast key facts about Vanguard Short-Term Treasury ETF (VGSH) and Vanguard Total International Bond ETF (BNDX).
VGSH and BNDX 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 Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. Both VGSH and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGSH or BNDX.
Key characteristics
| VGSH | BNDX | |
|---|---|---|
| Sharpe Ratio | 2.43 | 1.90 |
| Sortino Ratio | 3.79 | 2.88 |
| Omega Ratio | 1.51 | 1.34 |
| Calmar Ratio | 3.03 | 0.80 |
| Martin Ratio | 11.77 | 6.77 |
| Ulcer Index | 0.39% | 1.14% |
| Daily Std Dev | 1.88% | 4.03% |
| Max Drawdown | -5.70% | -16.23% |
| Current Drawdown | -0.80% | -3.32% |
Correlation
The correlation between VGSH and BNDX is 0.53, 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.
Performance
VGSH vs. BNDX - Performance Comparison
Returns By Period
In the year-to-date period, VGSH achieves a 3.40% return, which is significantly lower than BNDX's 4.37% return. Over the past 10 years, VGSH has underperformed BNDX with an annualized return of 1.28%, while BNDX has yielded a comparatively higher 2.13% annualized return.
VGSH
3.40%
0.02%
2.71%
4.30%
1.25%
1.28%
BNDX
4.37%
1.73%
5.17%
7.07%
0.21%
2.13%
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VGSH vs. BNDX - Expense Ratio Comparison
VGSH has a 0.04% expense ratio, which is lower than BNDX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VGSH vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and Vanguard Total International Bond ETF (BNDX). 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
VGSH vs. BNDX - Dividend Comparison
VGSH's dividend yield for the trailing twelve months is around 3.83%, less than BNDX's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 3.83% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
BNDX Vanguard Total International Bond ETF | 4.54% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
VGSH vs. BNDX - Drawdown Comparison
The maximum VGSH drawdown since its inception was -5.70%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for VGSH and BNDX. For additional features, visit the drawdowns tool.
Volatility
VGSH vs. BNDX - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury ETF (VGSH) is 0.58%, while Vanguard Total International Bond ETF (BNDX) has a volatility of 0.89%. This indicates that VGSH experiences smaller price fluctuations and is considered to be less risky than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.