VGUS vs. HVAC

Last updated Jun 24, 2026

VGUS (Vanguard Ultra-Short Treasury ETF) and HVAC (AdvisorShares HVAC and Industrials ETF) are both exchange-traded funds - VGUS is a Ultrashort Bond fund tracking the Bloomberg Short Treasury Index, while HVAC is a Industrials Equities fund actively managed by AdvisorShares. VGUS is passively managed, while HVAC is actively managed. Over the past year, VGUS returned 3.85% vs 53.59% for HVAC. At a correlation of -0.17, they often move in opposite directions. VGUS charges 0.07%/yr vs 1.00%/yr for HVAC.

Performance

VGUS vs. HVAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Ultra-Short Treasury ETF (VGUS) and AdvisorShares HVAC and Industrials ETF (HVAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGUS achieves a 1.61% return, which is significantly lower than HVAC's 33.33% return.

VGUS

• 1D: 0.01%
• 1M: 0.20%
• YTD: 1.61%
• 6M: 1.69%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HVAC

• 1D: -4.46%
• 1M: 4.16%
• YTD: 33.33%
• 6M: 29.69%
• 1Y: 53.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGUS vs. HVAC - Yearly Performance Comparison

	2026 (YTD)	2025
VGUS Vanguard Ultra-Short Treasury ETF	1.61%	3.78%
HVAC AdvisorShares HVAC and Industrials ETF	33.33%	22.86%

Correlation

The correlation between VGUS and HVAC is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025	-0.17

Return for Risk

VGUS vs. HVAC — Risk / Return Rank

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

VGUS

VGUS Risk / Return Rank: 99
VGUS Sharpe Ratio Rank: 100
VGUS Sortino Ratio Rank: 99
VGUS Omega Ratio Rank: 99
VGUS Calmar Ratio Rank: 99
VGUS Martin Ratio Rank: 100

HVAC

HVAC Risk / Return Rank: 62
HVAC Sharpe Ratio Rank: 60
HVAC Sortino Ratio Rank: 52
HVAC Omega Ratio Rank: 53
HVAC Calmar Ratio Rank: 76
HVAC Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGUS vs. HVAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short Treasury ETF (VGUS) and AdvisorShares HVAC and Industrials ETF (HVAC). 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.

	VGUS	HVAC	Difference
Sharpe ratio: Return per unit of total volatility	11.84	1.84	+10.00
Sortino ratio: Return per unit of downside risk	34.08	2.35	+31.73
Omega ratio: Gain probability vs. loss probability	10.49	1.31	+9.18
Calmar ratio: Return relative to maximum drawdown	53.13	3.63	+49.50
Martin ratio: Return relative to average drawdown	402.18	12.28	+389.91

VGUS vs. HVAC - Sharpe Ratio Comparison

The current VGUS Sharpe Ratio is 11.84, which is higher than the HVAC Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of VGUS and HVAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGUS vs. HVAC - Drawdown Comparison

The maximum VGUS drawdown since its inception was -0.07%, smaller than the maximum HVAC drawdown of -21.22%. Use the drawdown chart below to compare losses from any high point for VGUS and HVAC.

Drawdown Indicators

	VGUS	HVAC	Difference
Max Drawdown Largest peak-to-trough decline	-0.07%	-21.22%	+21.15%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	-14.83%	+14.76%
Current Drawdown Current decline from peak	0.00%	-4.46%	+4.46%
Average Drawdown Average peak-to-trough decline	-0.00%	-3.98%	+3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	4.38%	-4.37%

Volatility

VGUS vs. HVAC - Volatility Comparison

The current volatility for Vanguard Ultra-Short Treasury ETF (VGUS) is 0.11%, while AdvisorShares HVAC and Industrials ETF (HVAC) has a volatility of 12.39%. This indicates that VGUS experiences smaller price fluctuations and is considered to be less risky than HVAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGUS	HVAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.11%	12.39%	-12.28%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	24.48%	-24.30%
Volatility (1Y) Calculated over the trailing 1-year period	0.33%	29.30%	-28.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.34%	30.27%	-29.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.34%	30.27%	-29.93%

VGUS vs. HVAC - Expense Ratio Comparison

VGUS has a 0.07% expense ratio, which is lower than HVAC's 1.00% expense ratio.

Dividends

VGUS vs. HVAC - Dividend Comparison

VGUS's dividend yield for the trailing twelve months is around 3.60%, more than HVAC's 0.15% yield.

Position	TTM	2025
HVAC AdvisorShares HVAC and Industrials ETF	0.15%	0.19%
VGUS Vanguard Ultra-Short Treasury ETF	3.60%	3.12%

Frequently Asked Questions

Can I hold both VGUS and HVAC in my portfolio?

VGUS and HVAC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGUS or HVAC?

HVAC has higher volatility (12.39%) compared to VGUS (0.11%). In terms of maximum drawdown, VGUS dropped -0.07% vs HVAC's -21.22%.

Which ETF is better, VGUS or HVAC?

On 1-year performance, HVAC leads with 53.59% vs 3.85% for VGUS. On fees, VGUS is cheaper at 0.07% per year. On volatility, VGUS has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VGUS or HVAC?

Over the 1-year period, HVAC has performed better with a 53.59% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VGUS or HVAC?

VGUS is cheaper with a 0.07% expense ratio, compared with 1.00% for HVAC.

Which ETF pays a higher dividend yield, VGUS or HVAC?

VGUS has the higher dividend yield at 3.60%, compared with 0.15% for HVAC.

What is the main difference between VGUS and HVAC?

VGUS is categorized as Ultrashort Bond, while HVAC is Industrials Equities. They also come from different issuers: Vanguard and AdvisorShares. Their fees differ too: 0.07% for VGUS and 1.00% for HVAC.

Which has better risk-adjusted returns?

VGUS currently has the higher Sharpe Ratio (11.84 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.