VGSH vs. USD=X
VGSH (Vanguard Short-Term Treasury ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while USD=X (USD Cash) is a currency. Over the past 10 years, VGSH returned 1.73%/yr vs 0.00%/yr for USD=X.
Performance
VGSH vs. USD=X - Performance Comparison
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Returns By Period
VGSH
- 1D
- -0.03%
- 1M
- 0.13%
- YTD
- 0.57%
- 6M
- 0.83%
- 1Y
- 3.31%
- 3Y*
- 4.25%
- 5Y*
- 1.83%
- 10Y*
- 1.73%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
VGSH vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 0.57% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
VGSH vs. USD=X — Risk / Return Rank
VGSH
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VGSH vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and USD Cash (USD=X). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VGSH | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.55 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | — | — |
| Martin ratioReturn relative to average drawdown | 14.67 | — | — |
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Drawdowns
VGSH vs. USD=X - Drawdown Comparison
The maximum VGSH drawdown since its inception was -5.70%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VGSH and USD=X.
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Drawdown Indicators
| VGSH | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | 0.00% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.88% | 0.00% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | 0.00% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -5.66% | 0.00% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -5.70% | 0.00% | -5.70% |
Current DrawdownCurrent decline from peak | -0.21% | 0.00% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -0.60% | 0.00% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.00% | +0.23% |
Volatility
VGSH vs. USD=X - Volatility Comparison
Vanguard Short-Term Treasury ETF (VGSH) has a higher volatility of 0.37% compared to USD Cash (USD=X) at 0.00%. This indicates that VGSH's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGSH | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 0.00% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 0.90% | 0.00% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 0.00% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 0.00% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 0.00% | +1.58% |
Frequently Asked Questions
VGSH has higher volatility (0.37%) compared to USD=X (0.00%). In terms of maximum drawdown, VGSH dropped -5.70% vs USD=X's 0.00%.
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