VONG vs. VGSH
VONG (Vanguard Russell 1000 Growth ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, VONG returned 18.20%/yr vs 1.72%/yr for VGSH. At a correlation of -0.11, they often move in opposite directions. VONG charges 0.06%/yr vs 0.03%/yr for VGSH.
Performance
VONG vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, VONG achieves a 3.90% return, which is significantly higher than VGSH's 0.36% return. Over the past 10 years, VONG has outperformed VGSH with an annualized return of 18.20%, while VGSH has yielded a comparatively lower 1.72% annualized return.
VONG
- 1D
- -3.25%
- 1M
- 0.25%
- YTD
- 3.90%
- 6M
- 2.81%
- 1Y
- 22.26%
- 3Y*
- 23.65%
- 5Y*
- 14.66%
- 10Y*
- 18.20%
VGSH
- 1D
- -0.17%
- 1M
- -0.22%
- YTD
- 0.36%
- 6M
- 0.74%
- 1Y
- 3.24%
- 3Y*
- 4.11%
- 5Y*
- 1.79%
- 10Y*
- 1.72%
VONG vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VONG Vanguard Russell 1000 Growth ETF | 3.90% | 18.45% | 33.20% | 42.67% | -29.18% | 27.60% | 38.30% | 36.06% | -1.53% | 30.05% |
VGSH Vanguard Short-Term Treasury ETF | 0.36% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
Correlation
The correlation between VONG and VGSH is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010 | -0.11 |
The correlation between VONG and VGSH shifts across timeframes, from -0.11 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VONG vs. VGSH — Risk / Return Rank
VONG
VGSH
VONG vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) and Vanguard Short-Term Treasury ETF (VGSH). 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.
| VONG | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.53 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.68 | -2.30 |
| Martin ratioReturn relative to average drawdown | 4.61 | 14.60 | -9.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VONG | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.53 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.91 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 1.10 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 1.01 | -0.12 |
Drawdowns
VONG vs. VGSH - Drawdown Comparison
The maximum VONG drawdown since its inception was -32.72%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for VONG and VGSH.
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Drawdown Indicators
| VONG | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.72% | -5.70% | -27.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -0.88% | -15.35% |
Max Drawdown (3Y)Largest decline over 3 years | -23.27% | -0.97% | -22.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -5.66% | -27.06% |
Max Drawdown (10Y)Largest decline over 10 years | -32.72% | -5.70% | -27.02% |
Current DrawdownCurrent decline from peak | -4.66% | -0.41% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -0.60% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 0.22% | +4.62% |
Volatility
VONG vs. VGSH - Volatility Comparison
Vanguard Russell 1000 Growth ETF (VONG) has a higher volatility of 4.78% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.36%. This indicates that VONG's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VONG | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 0.36% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 0.90% | +11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 1.29% | +14.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.37% | 1.97% | +19.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 1.58% | +19.31% |
VONG vs. VGSH - Expense Ratio Comparison
VONG has a 0.06% expense ratio, which is higher than VGSH's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VONG vs. VGSH - Dividend Comparison
VONG's dividend yield for the trailing twelve months is around 0.44%, less than VGSH's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 3.88% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
VONG Vanguard Russell 1000 Growth ETF | 0.44% | 0.45% | 0.55% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% |
Frequently Asked Questions
VONG and VGSH have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VONG has higher volatility (4.78%) compared to VGSH (0.36%). In terms of maximum drawdown, VONG dropped -32.72% vs VGSH's -5.70%.
On 10-year performance, VONG leads with 18.20% vs 1.72% for VGSH. On fees, VGSH is cheaper at 0.03% per year. On volatility, VGSH has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VONG has performed better with a 18.20% return vs 1.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.06% for VONG.
VGSH has the higher dividend yield at 3.88%, compared with 0.44% for VONG.
VONG is categorized as Large Cap Growth Equities, while VGSH is Government Bonds. VONG tracks Russell 1000 Growth Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. Their fees differ too: 0.06% for VONG and 0.03% for VGSH.
VGSH currently has the higher Sharpe Ratio (2.53 vs 1.42), 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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