VSBSX vs. SNSXX

Last updated Apr 3, 2026

Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) and Schwab U.S. Treasury Money Fund (SNSXX).

VSBSX is managed by Vanguard. It was launched on Dec 28, 2009. SNSXX is managed by Charles Schwab. It was launched on Jan 17, 2018.

Performance

VSBSX vs. SNSXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) and Schwab U.S. Treasury Money Fund (SNSXX). The values are adjusted to include any dividend payments, if applicable.

VSBSX vs. SNSXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares	-0.07%	5.08%	4.39%	4.23%	-3.87%	-0.72%
SNSXX Schwab U.S. Treasury Money Fund	0.55%	3.97%	1.61%	0.00%	0.00%	0.00%

Returns By Period

In the year-to-date period, VSBSX achieves a -0.07% return, which is significantly lower than SNSXX's 0.55% return.

VSBSX

• 1D: -0.36%
• 1M: -0.61%
• YTD: -0.07%
• 6M: 0.89%
• 1Y: 3.36%
• 3Y*: 3.99%
• 5Y*: 1.77%
• 10Y*: 1.71%

SNSXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.55%
• 6M: 1.49%
• 1Y: 3.52%
• 3Y*: 2.03%
• 5Y*: —
• 10Y*: —

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

VSBSX vs. SNSXX - Expense Ratio Comparison

VSBSX

Vanguard Short-Term Treasury Index Fund Admiral Shares

Return for Risk

VSBSX vs. SNSXX — Risk / Return Rank

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

VSBSX

VSBSX Risk / Return Rank: 95
VSBSX Sharpe Ratio Rank: 94
VSBSX Sortino Ratio Rank: 96
VSBSX Omega Ratio Rank: 93
VSBSX Calmar Ratio Rank: 97
VSBSX Martin Ratio Rank: 96

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.

VSBSX vs. SNSXX - 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 Schwab U.S. Treasury Money Fund (SNSXX). 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	SNSXX	Difference
Sharpe ratio Return per unit of total volatility	2.23	3.52	-1.28
Sortino ratio Return per unit of downside risk	3.40	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	4.02	—	—
Martin ratio Return relative to average drawdown	15.11	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSBSX vs. SNSXX - Sharpe Ratio Comparison

The current VSBSX Sharpe Ratio is 2.23, which is lower than the SNSXX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of VSBSX and SNSXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VSBSX	SNSXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	3.52	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	1.96	-0.90

Correlation

The correlation between VSBSX and SNSXX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VSBSX vs. SNSXX - Dividend Comparison

VSBSX's dividend yield for the trailing twelve months is around 3.58%, more than SNSXX's 3.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares	3.58%	3.98%	4.50%	3.29%	1.12%	0.63%	1.72%	2.26%	1.80%	1.10%	0.76%	0.71%
SNSXX Schwab U.S. Treasury Money Fund	3.45%	3.88%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VSBSX vs. SNSXX - Drawdown Comparison

The maximum VSBSX drawdown since its inception was -5.77%, which is greater than SNSXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VSBSX and SNSXX.

Drawdown Indicators

	VSBSX	SNSXX	Difference
Max Drawdown Largest peak-to-trough decline	-5.77%	0.00%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	-0.84%	0.00%	-0.84%
Max Drawdown (5Y) Largest decline over 5 years	-5.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.77%	—	—
Current Drawdown Current decline from peak	-0.78%	0.00%	-0.78%
Average Drawdown Average peak-to-trough decline	-0.59%	0.00%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.00%	+0.22%

Volatility

VSBSX vs. SNSXX - Volatility Comparison

Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) has a higher volatility of 0.63% compared to Schwab U.S. Treasury Money Fund (SNSXX) at 0.00%. This indicates that VSBSX's price experiences larger fluctuations and is considered to be riskier than SNSXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSBSX	SNSXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	0.00%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	0.92%	0.72%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	1.49%	1.05%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.94%	0.66%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.54%	0.66%	+0.88%