VGSH vs. USFR
Compare and contrast key facts about Vanguard Short-Term Treasury ETF (VGSH) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
VGSH and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both VGSH and USFR 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 USFR.
Key characteristics
| VGSH | USFR | |
|---|---|---|
| Sharpe Ratio | 2.53 | 15.28 |
| Sortino Ratio | 4.01 | 54.25 |
| Omega Ratio | 1.53 | 13.20 |
| Calmar Ratio | 3.07 | 89.35 |
| Martin Ratio | 11.95 | 749.07 |
| Ulcer Index | 0.39% | 0.01% |
| Daily Std Dev | 1.84% | 0.35% |
| Max Drawdown | -5.70% | -1.36% |
| Current Drawdown | -0.46% | -0.02% |
Correlation
The correlation between VGSH and USFR is 0.03, 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.
Performance
VGSH vs. USFR - Performance Comparison
Returns By Period
In the year-to-date period, VGSH achieves a 3.76% return, which is significantly lower than USFR's 5.00% return. Over the past 10 years, VGSH has underperformed USFR with an annualized return of 1.32%, while USFR has yielded a comparatively higher 2.42% annualized return.
VGSH
3.76%
0.36%
2.96%
4.80%
1.32%
1.32%
USFR
5.00%
0.42%
2.42%
5.31%
2.54%
2.42%
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VGSH vs. USFR - Expense Ratio Comparison
VGSH has a 0.04% expense ratio, which is lower than USFR's 0.15% 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. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
VGSH's dividend yield for the trailing twelve months is around 4.17%, less than USFR's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 4.17% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.23% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
VGSH vs. USFR - Drawdown Comparison
The maximum VGSH drawdown since its inception was -5.70%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for VGSH and USFR. For additional features, visit the drawdowns tool.
Volatility
VGSH vs. USFR - Volatility Comparison
Vanguard Short-Term Treasury ETF (VGSH) has a higher volatility of 0.45% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that VGSH's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.