VHCAX vs. VFSUX
VHCAX (Vanguard Capital Opportunity Fund Admiral Shares) and VFSUX (Vanguard Short-Term Investment-Grade Fund Admiral Shares) are both mutual funds - VHCAX is a Large Cap Growth Equities fund actively managed by Vanguard, while VFSUX is a Total Bond Market fund tracking the Bloomberg U.S. 1-5 Year Credit Bond Index. VHCAX is actively managed, while VFSUX is passively managed. Over the past 10 years, VHCAX returned 16.06%/yr vs 2.52%/yr for VFSUX. Their -0.11 correlation means they have often moved in opposite directions in the past. VHCAX charges 0.32%/yr vs 0.09%/yr for VFSUX.
Performance
VHCAX vs. VFSUX - Performance Comparison
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Returns By Period
In the year-to-date period, VHCAX achieves a 20.22% return, which is significantly higher than VFSUX's 0.54% return. Over the past 10 years, VHCAX has outperformed VFSUX with an annualized return of 16.06%, while VFSUX has yielded a comparatively lower 2.52% annualized return.
VHCAX
- 1D
- 3.32%
- 1M
- -3.88%
- 6M
- 14.40%
- YTD
- 20.22%
- 1Y
- 43.40%
- 3Y*
- 22.31%
- 5Y*
- 12.77%
- 10Y*
- 16.06%
- ALL TIME*
- 12.49%
VFSUX
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 0.16%
- YTD
- 0.54%
- 1Y
- 2.80%
- 3Y*
- 5.37%
- 5Y*
- 2.28%
- 10Y*
- 2.52%
- ALL TIME*
- 3.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VHCAX vs. VFSUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 20.22% | 25.83% | 14.07% | 25.63% | -17.56% | 20.92% | 22.83% | 27.30% | -3.71% | 28.37% |
VFSUX Vanguard Short-Term Investment-Grade Fund Admiral Shares | 0.54% | 6.87% | 5.08% | 6.17% | -5.75% | -0.62% | 5.26% | 5.85% | 0.98% | 2.13% |
Correlation
The correlation between VHCAX and VFSUX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | -0.11 |
The correlation between VHCAX and VFSUX shifts across timeframes, from -0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VHCAX vs. VFSUX — Risk / Return Rank
VHCAX
VFSUX
VHCAX vs. VFSUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX). 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.
| VHCAX | VFSUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.18 | +1.04 |
| Martin ratioReturn relative to average drawdown | 11.81 | 8.17 | +3.64 |
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Drawdowns
VHCAX vs. VFSUX - Drawdown Comparison
The maximum VHCAX drawdown since its inception was -54.27%, which is greater than VFSUX's maximum drawdown of -9.24%. Use the drawdown chart below to compare losses from any high point for VHCAX and VFSUX.
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Drawdown Indicators
| VHCAX | VFSUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -9.24% | -45.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -1.71% | -10.71% |
Max Drawdown (3Y)Largest decline over 3 years | -23.92% | -1.71% | -22.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.55% | -9.24% | -18.31% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -9.24% | -24.54% |
Current DrawdownCurrent decline from peak | -7.92% | -0.58% | -7.34% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -0.87% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 0.45% | +2.94% |
Volatility
VHCAX vs. VFSUX - Volatility Comparison
Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a higher volatility of 6.80% compared to Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) at 0.48%. This indicates that VHCAX's price experiences larger fluctuations and is considered to be riskier than VFSUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHCAX | VFSUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 0.48% | +6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.10% | 1.76% | +15.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.13% | 2.28% | +17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 3.00% | +17.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 2.49% | +18.00% |
VHCAX vs. VFSUX - Expense Ratio Comparison
VHCAX has a 0.32% expense ratio, which is higher than VFSUX's 0.09% expense ratio.
Dividends
VHCAX vs. VFSUX - Dividend Comparison
VHCAX's dividend yield for the trailing twelve months is around 8.08%, more than VFSUX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFSUX Vanguard Short-Term Investment-Grade Fund Admiral Shares | 4.36% | 4.59% | 4.16% | 3.14% | 2.03% | 1.79% | 2.34% | 2.92% | 2.79% | 2.11% | 2.14% | 2.09% |
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 8.08% | 9.71% | 8.24% | 2.40% | 9.35% | 10.55% | 9.19% | 6.48% | 12.23% | 3.87% | 5.74% | 5.39% |
Frequently Asked Questions
VHCAX and VFSUX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VHCAX has higher volatility (6.80%) compared to VFSUX (0.48%). In terms of maximum drawdown, VHCAX dropped -54.27% vs VFSUX's -9.24%.
VHCAX currently has the higher Sharpe Ratio (1.99 vs 1.63), 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.
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