VSBIX vs. VGSH
Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) and Vanguard Short-Term Treasury ETF (VGSH).
VSBIX is managed by Vanguard. It was launched on Aug 23, 2010. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSBIX or VGSH.
Key characteristics
| VSBIX | VGSH | |
|---|---|---|
| YTD Return | 3.42% | 3.40% |
| 1Y Return | 5.49% | 5.47% |
| 3Y Return (Ann) | 0.97% | 1.10% |
| 5Y Return (Ann) | 1.11% | 1.30% |
| 10Y Return (Ann) | 1.18% | 1.27% |
| Sharpe Ratio | 2.81 | 2.80 |
| Sortino Ratio | 4.47 | 4.55 |
| Omega Ratio | 1.61 | 1.60 |
| Calmar Ratio | 1.62 | 2.19 |
| Martin Ratio | 15.98 | 15.72 |
| Ulcer Index | 0.33% | 0.34% |
| Daily Std Dev | 1.88% | 1.91% |
| Max Drawdown | -6.49% | -5.70% |
| Current Drawdown | -0.83% | -0.80% |
Correlation
The correlation between VSBIX and VGSH is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VSBIX vs. VGSH - Performance Comparison
The year-to-date returns for both stocks are quite close, with VSBIX having a 3.42% return and VGSH slightly lower at 3.40%. Over the past 10 years, VSBIX has underperformed VGSH with an annualized return of 1.18%, while VGSH has yielded a comparatively higher 1.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VSBIX vs. VGSH - Expense Ratio Comparison
VSBIX has a 0.05% expense ratio, which is higher than VGSH's 0.04% 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%.
Risk-Adjusted Performance
VSBIX vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) 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.
Dividends
VSBIX vs. VGSH - Dividend Comparison
VSBIX's dividend yield for the trailing twelve months is around 4.14%, which matches VGSH's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 4.14% | 3.31% | 1.14% | 0.35% | 1.14% | 2.28% | 1.81% | 1.11% | 0.85% | 0.70% | 0.44% | 0.29% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
VSBIX vs. VGSH - Drawdown Comparison
The maximum VSBIX drawdown since its inception was -6.49%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for VSBIX and VGSH. For additional features, visit the drawdowns tool.
Volatility
VSBIX vs. VGSH - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) is 0.35%, while Vanguard Short-Term Treasury ETF (VGSH) has a volatility of 0.38%. This indicates that VSBIX experiences smaller price fluctuations and is considered to be less risky than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.