VSDM vs. VT
Compare and contrast key facts about Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) and Vanguard Total World Stock ETF (VT).
VSDM and VT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSDM is an actively managed fund by Vanguard. It was launched on Nov 21, 2024. VT is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 24, 2008.
Performance
VSDM vs. VT - Performance Comparison
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VSDM vs. VT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VSDM Vanguard Short Duration Tax-Exempt Bond ETF | 0.30% | 5.39% | -0.15% |
VT Vanguard Total World Stock ETF | -1.71% | 22.43% | -1.42% |
Returns By Period
In the year-to-date period, VSDM achieves a 0.30% return, which is significantly higher than VT's -1.71% return.
VSDM
- 1D
- 0.09%
- 1M
- -1.24%
- YTD
- 0.30%
- 6M
- 1.03%
- 1Y
- 4.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VT
- 1D
- 3.08%
- 1M
- -6.22%
- YTD
- -1.71%
- 6M
- 1.42%
- 1Y
- 21.53%
- 3Y*
- 16.86%
- 5Y*
- 9.22%
- 10Y*
- 11.53%
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VSDM vs. VT - Expense Ratio Comparison
VSDM has a 0.12% expense ratio, which is higher than VT's 0.06% 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
VSDM vs. VT — Risk / Return Rank
VSDM
VT
VSDM vs. VT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) and Vanguard Total World Stock ETF (VT). 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.
| VSDM | VT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 1.25 | +0.87 |
Sortino ratioReturn per unit of downside risk | 2.68 | 1.84 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.27 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.83 | +0.66 |
Martin ratioReturn relative to average drawdown | 8.93 | 8.51 | +0.43 |
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
| VSDM | VT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.25 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.04 | 0.40 | +1.64 |
Correlation
The correlation between VSDM and VT is 0.21, 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
VSDM vs. VT - Dividend Comparison
VSDM's dividend yield for the trailing twelve months is around 3.05%, more than VT's 1.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSDM Vanguard Short Duration Tax-Exempt Bond ETF | 3.05% | 3.06% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VT Vanguard Total World Stock ETF | 1.82% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
Drawdowns
VSDM vs. VT - Drawdown Comparison
The maximum VSDM drawdown since its inception was -1.81%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for VSDM and VT.
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Drawdown Indicators
| VSDM | VT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -50.27% | +48.46% |
Max Drawdown (1Y)Largest decline over 1 year | -1.81% | -11.84% | +10.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.24% | — |
Current DrawdownCurrent decline from peak | -1.24% | -6.89% | +5.65% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -7.08% | +6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 2.55% | -2.05% |
Volatility
VSDM vs. VT - Volatility Comparison
The current volatility for Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) is 0.73%, while Vanguard Total World Stock ETF (VT) has a volatility of 6.33%. This indicates that VSDM experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSDM | VT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 6.33% | -5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 9.95% | -8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 17.24% | -15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.02% | 15.98% | -13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.02% | 17.20% | -15.18% |