VSDB vs. VBIL

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Short Duration Bond ETF Shares (VSDB) and Vanguard 0-3 Month Treasury Bill ETF (VBIL).

VSDB and VBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSDB is an actively managed fund by Vanguard. It was launched on Apr 1, 2025. VBIL is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Treasury Bills 0-3 Months Index. It was launched on Feb 7, 2025.

Performance

VSDB vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short Duration Bond ETF Shares (VSDB) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

VSDB vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
VSDB Vanguard Short Duration Bond ETF Shares	0.21%	4.85%
VBIL Vanguard 0-3 Month Treasury Bill ETF	0.86%	3.10%

Returns By Period

In the year-to-date period, VSDB achieves a 0.21% return, which is significantly lower than VBIL's 0.86% return.

VSDB

• 1D: 0.28%
• 1M: -0.89%
• YTD: 0.21%
• 6M: 1.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.03%
• 1M: 0.30%
• YTD: 0.86%
• 6M: 1.88%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VSDB vs. VBIL - Expense Ratio Comparison

VSDB has a 0.15% expense ratio, which is higher than VBIL's 0.07% 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%.

VSDB

Vanguard Short Duration Bond ETF Shares

VBIL

Vanguard 0-3 Month Treasury Bill ETF

Return for Risk

VSDB vs. VBIL — Risk / Return Rank

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

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 100
VBIL Martin Ratio Rank: 100

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.

VSDB vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short Duration Bond ETF Shares (VSDB) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VSDB	VBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	12.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.70	13.08	-10.38

Correlation

The correlation between VSDB and VBIL is 0.02, 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

VSDB vs. VBIL - Dividend Comparison

VSDB's dividend yield for the trailing twelve months is around 3.82%, more than VBIL's 3.67% yield.

	TTM	2025
VSDB Vanguard Short Duration Bond ETF Shares	3.82%	3.30%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.67%	3.12%

Drawdowns

VSDB vs. VBIL - Drawdown Comparison

The maximum VSDB drawdown since its inception was -1.42%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for VSDB and VBIL.

Drawdown Indicators

	VSDB	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-1.42%	-0.09%	-1.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.09%	—
Current Drawdown Current decline from peak	-0.89%	0.00%	-0.89%
Average Drawdown Average peak-to-trough decline	-0.17%	0.00%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	VSDB	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	0.32%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.91%	0.31%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.91%	0.31%	+1.60%