VSBSX vs. BND
Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) and Vanguard Total Bond Market ETF (BND).
VSBSX is managed by Vanguard. It was launched on Dec 28, 2009. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
VSBSX vs. BND - Performance Comparison
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VSBSX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 0.29% | 5.08% | 4.39% | 4.23% | -3.87% | -0.69% | 3.09% | 3.51% | 1.52% | 0.35% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, VSBSX achieves a 0.29% return, which is significantly higher than BND's 0.09% return. Both investments have delivered pretty close results over the past 10 years, with VSBSX having a 1.74% annualized return and BND not far behind at 1.68%.
VSBSX
- 1D
- 0.10%
- 1M
- -0.31%
- YTD
- 0.29%
- 6M
- 1.25%
- 1Y
- 3.68%
- 3Y*
- 4.11%
- 5Y*
- 1.84%
- 10Y*
- 1.74%
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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VSBSX vs. BND - Expense Ratio Comparison
VSBSX has a 0.07% expense ratio, which is higher than BND'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%.
Return for Risk
VSBSX vs. BND — Risk / Return Rank
VSBSX
BND
VSBSX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) and Vanguard Total Bond Market ETF (BND). 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.
| VSBSX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.60 | 0.93 | +1.68 |
Sortino ratioReturn per unit of downside risk | 4.12 | 1.32 | +2.81 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.16 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 4.52 | 1.75 | +2.77 |
Martin ratioReturn relative to average drawdown | 17.41 | 4.78 | +12.63 |
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
| VSBSX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 0.93 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.04 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.30 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.59 | +0.48 |
Correlation
The correlation between VSBSX and BND is 0.71, 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.
Dividends
VSBSX vs. BND - Dividend Comparison
VSBSX's dividend yield for the trailing twelve months is around 3.57%, less than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 3.57% | 3.98% | 4.50% | 3.29% | 1.12% | 0.63% | 1.72% | 2.26% | 1.80% | 1.10% | 0.76% | 0.71% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VSBSX vs. BND - Drawdown Comparison
The maximum VSBSX drawdown since its inception was -5.77%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VSBSX and BND.
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Drawdown Indicators
| VSBSX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -18.58% | +12.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -2.44% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -5.77% | -17.91% | +12.14% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | -18.58% | +12.81% |
Current DrawdownCurrent decline from peak | -0.43% | -2.54% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -3.07% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.90% | -0.68% |
Volatility
VSBSX vs. BND - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) is 0.53%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that VSBSX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSBSX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.63% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.84% | 2.52% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 4.30% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 6.00% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.53% | 5.52% | -3.99% |