VSBSX vs. SPY
Compare and contrast key facts about Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) and SPDR S&P 500 ETF (SPY).
VSBSX is managed by Vanguard. It was launched on Dec 28, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VSBSX or SPY.
Performance
VSBSX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VSBSX achieves a 3.42% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, VSBSX has underperformed SPY with an annualized return of 1.14%, while SPY has yielded a comparatively higher 13.10% annualized return.
VSBSX
3.42%
-0.20%
2.99%
4.97%
1.06%
1.14%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| VSBSX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.73 | 2.70 |
| Sortino Ratio | 4.28 | 3.60 |
| Omega Ratio | 1.60 | 1.50 |
| Calmar Ratio | 1.70 | 3.90 |
| Martin Ratio | 13.24 | 17.52 |
| Ulcer Index | 0.38% | 1.87% |
| Daily Std Dev | 1.82% | 12.14% |
| Max Drawdown | -6.54% | -55.19% |
| Current Drawdown | -0.82% | -0.85% |
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VSBSX vs. SPY - Expense Ratio Comparison
VSBSX has a 0.07% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VSBSX and SPY is -0.17. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
VSBSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) and SPDR S&P 500 ETF (SPY). 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
VSBSX vs. SPY - Dividend Comparison
VSBSX's dividend yield for the trailing twelve months is around 4.12%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 4.12% | 3.29% | 1.12% | 0.33% | 1.11% | 2.27% | 1.80% | 1.09% | 0.81% | 0.67% | 0.40% | 0.27% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VSBSX vs. SPY - Drawdown Comparison
The maximum VSBSX drawdown since its inception was -6.54%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VSBSX and SPY. For additional features, visit the drawdowns tool.
Volatility
VSBSX vs. SPY - Volatility Comparison
The current volatility for Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) is 0.35%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that VSBSX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.