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VGSH vs. VCSH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VGSH and VCSH is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.2

Performance

VGSH vs. VCSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Treasury ETF (VGSH) and Vanguard Short-Term Corporate Bond ETF (VCSH). The values are adjusted to include any dividend payments, if applicable.

20.00%30.00%40.00%50.00%December2025FebruaryMarchAprilMay
21.63%
52.69%
VGSH
VCSH

Key characteristics

Sharpe Ratio

VGSH:

3.73

VCSH:

3.02

Sortino Ratio

VGSH:

6.28

VCSH:

4.62

Omega Ratio

VGSH:

1.84

VCSH:

1.65

Calmar Ratio

VGSH:

6.43

VCSH:

5.70

Martin Ratio

VGSH:

18.73

VCSH:

16.06

Ulcer Index

VGSH:

0.33%

VCSH:

0.46%

Daily Std Dev

VGSH:

1.67%

VCSH:

2.44%

Max Drawdown

VGSH:

-5.70%

VCSH:

-12.86%

Current Drawdown

VGSH:

-0.41%

VCSH:

-0.35%

Returns By Period

In the year-to-date period, VGSH achieves a 2.00% return, which is significantly lower than VCSH's 2.21% return. Over the past 10 years, VGSH has underperformed VCSH with an annualized return of 1.49%, while VCSH has yielded a comparatively higher 2.45% annualized return.


VGSH

YTD

2.00%

1M

0.44%

6M

2.62%

1Y

5.89%

5Y*

1.18%

10Y*

1.49%

VCSH

YTD

2.21%

1M

0.22%

6M

2.89%

1Y

6.82%

5Y*

2.23%

10Y*

2.45%

*Annualized

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VGSH vs. VCSH - Expense Ratio Comparison

Both VGSH and VCSH have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for VGSH: current value is 0.04%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VGSH: 0.04%
Expense ratio chart for VCSH: current value is 0.04%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VCSH: 0.04%

Risk-Adjusted Performance

VGSH vs. VCSH — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGSH
The Risk-Adjusted Performance Rank of VGSH is 9898
Overall Rank
The Sharpe Ratio Rank of VGSH is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of VGSH is 9999
Sortino Ratio Rank
The Omega Ratio Rank of VGSH is 9898
Omega Ratio Rank
The Calmar Ratio Rank of VGSH is 9898
Calmar Ratio Rank
The Martin Ratio Rank of VGSH is 9797
Martin Ratio Rank

VCSH
The Risk-Adjusted Performance Rank of VCSH is 9797
Overall Rank
The Sharpe Ratio Rank of VCSH is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of VCSH is 9898
Sortino Ratio Rank
The Omega Ratio Rank of VCSH is 9797
Omega Ratio Rank
The Calmar Ratio Rank of VCSH is 9898
Calmar Ratio Rank
The Martin Ratio Rank of VCSH is 9797
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VGSH vs. VCSH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury ETF (VGSH) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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.


The chart of Sharpe ratio for VGSH, currently valued at 3.73, compared to the broader market-1.000.001.002.003.004.00
VGSH: 3.73
VCSH: 3.02
The chart of Sortino ratio for VGSH, currently valued at 6.28, compared to the broader market-2.000.002.004.006.008.00
VGSH: 6.28
VCSH: 4.62
The chart of Omega ratio for VGSH, currently valued at 1.84, compared to the broader market0.501.001.502.002.50
VGSH: 1.84
VCSH: 1.65
The chart of Calmar ratio for VGSH, currently valued at 6.43, compared to the broader market0.002.004.006.008.0010.0012.00
VGSH: 6.43
VCSH: 5.70
The chart of Martin ratio for VGSH, currently valued at 18.73, compared to the broader market0.0020.0040.0060.00
VGSH: 18.73
VCSH: 16.06

The current VGSH Sharpe Ratio is 3.73, which is comparable to the VCSH Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of VGSH and VCSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.003.504.00December2025FebruaryMarchAprilMay
3.73
3.02
VGSH
VCSH

Dividends

VGSH vs. VCSH - Dividend Comparison

VGSH's dividend yield for the trailing twelve months is around 4.18%, more than VCSH's 4.12% yield.


TTM20242023202220212020201920182017201620152014
VGSH
Vanguard Short-Term Treasury ETF
4.18%4.19%3.32%1.15%0.66%1.75%2.28%1.79%1.10%0.84%0.71%0.46%
VCSH
Vanguard Short-Term Corporate Bond ETF
4.12%3.96%3.09%2.01%1.81%2.27%2.87%2.65%2.25%2.10%2.08%2.01%

Drawdowns

VGSH vs. VCSH - Drawdown Comparison

The maximum VGSH drawdown since its inception was -5.70%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for VGSH and VCSH. For additional features, visit the drawdowns tool.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%December2025FebruaryMarchAprilMay
-0.41%
-0.35%
VGSH
VCSH

Volatility

VGSH vs. VCSH - Volatility Comparison

The current volatility for Vanguard Short-Term Treasury ETF (VGSH) is 0.71%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 1.39%. This indicates that VGSH experiences smaller price fluctuations and is considered to be less risky than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%December2025FebruaryMarchAprilMay
0.71%
1.39%
VGSH
VCSH