VGSH vs. IBTF
Compare and contrast key facts about Vanguard Short-Term Treasury ETF (VGSH) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF).
VGSH and IBTF 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. IBTF is a passively managed fund by iShares that tracks the performance of the ICE 2025 Maturity US Treasury Index. It was launched on Feb 25, 2020. Both VGSH and IBTF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VGSH vs. IBTF - Performance Comparison
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VGSH vs. IBTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 0.25% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 1.57% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 4.12% | -6.39% | -2.31% | 3.60% |
Returns By Period
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%
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.73%
- 1Y
- 2.82%
- 3Y*
- 3.59%
- 5Y*
- 1.00%
- 10Y*
- —
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VGSH vs. IBTF - Expense Ratio Comparison
VGSH has a 0.03% expense ratio, which is lower than IBTF'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%.
Return for Risk
VGSH vs. IBTF — Risk / Return Rank
VGSH
IBTF
VGSH vs. IBTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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 | IBTF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.57 | 7.30 | -4.73 |
Sortino ratioReturn per unit of downside risk | 4.13 | 16.95 | -12.82 |
Omega ratioGain probability vs. loss probability | 1.55 | 4.26 | -2.70 |
Calmar ratioReturn relative to maximum drawdown | 4.21 | 83.22 | -79.01 |
Martin ratioReturn relative to average drawdown | 15.93 | 246.06 | -230.13 |
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 | IBTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 7.30 | -4.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.43 | +0.48 |
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 | 0.45 | +0.56 |
Correlation
The correlation between VGSH and IBTF is 0.69, 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.
Dividends
VGSH vs. IBTF - Dividend Comparison
VGSH's dividend yield for the trailing twelve months is around 3.93%, more than IBTF's 2.78% 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% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 2.78% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VGSH vs. IBTF - Drawdown Comparison
The maximum VGSH drawdown since its inception was -5.70%, smaller than the maximum IBTF drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for VGSH and IBTF.
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Drawdown Indicators
| VGSH | IBTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -10.45% | +4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | -0.04% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -5.70% | -9.53% | +3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -5.70% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | 0.00% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -3.42% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.01% | +0.22% |
Volatility
VGSH vs. IBTF - Volatility Comparison
Vanguard Short-Term Treasury ETF (VGSH) has a higher volatility of 0.52% compared to iShares iBonds Dec 2025 Term Treasury ETF (IBTF) at 0.00%. This indicates that VGSH's price experiences larger fluctuations and is considered to be riskier than IBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSH | IBTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.00% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.84% | 0.25% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 0.46% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.96% | 2.39% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 2.59% | -1.02% |