VGSH vs. VCSH
Compare and contrast key facts about Vanguard Short-Term Treasury ETF (VGSH) and Vanguard Short-Term Corporate Bond ETF (VCSH).
VGSH and VCSH 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. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009. Both VGSH and VCSH 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 VCSH.
Key characteristics
| VGSH | VCSH | |
|---|---|---|
| Sharpe Ratio | 2.43 | 2.66 |
| Sortino Ratio | 3.79 | 4.16 |
| Omega Ratio | 1.51 | 1.53 |
| Calmar Ratio | 3.03 | 2.67 |
| Martin Ratio | 11.77 | 14.04 |
| Ulcer Index | 0.39% | 0.47% |
| Daily Std Dev | 1.88% | 2.46% |
| Max Drawdown | -5.70% | -12.86% |
| Current Drawdown | -0.80% | -0.79% |
Correlation
The correlation between VGSH and VCSH is 0.64, 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. VCSH - Performance Comparison
Returns By Period
In the year-to-date period, VGSH achieves a 3.40% return, which is significantly lower than VCSH's 4.67% return. Over the past 10 years, VGSH has underperformed VCSH with an annualized return of 1.28%, while VCSH has yielded a comparatively higher 2.34% annualized return.
VGSH
3.40%
0.02%
2.71%
4.30%
1.25%
1.28%
VCSH
4.67%
0.42%
3.48%
6.22%
1.92%
2.34%
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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%.
Risk-Adjusted Performance
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.
Dividends
VGSH vs. VCSH - Dividend Comparison
VGSH's dividend yield for the trailing twelve months is around 3.83%, more than VCSH's 3.53% 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% |
VCSH Vanguard Short-Term Corporate Bond ETF | 3.53% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% | 2.05% |
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.
Volatility
VGSH vs. VCSH - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury ETF (VGSH) is 0.58%, while Vanguard Short-Term Corporate Bond ETF (VCSH) has a volatility of 0.79%. 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.