VSGBX vs. BND
Compare and contrast key facts about Vanguard Short-Term Federal Fund Investor Shares (VSGBX) and Vanguard Total Bond Market ETF (BND).
VSGBX is managed by Vanguard. It was launched on Dec 31, 1987. 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
VSGBX vs. BND - Performance Comparison
Loading graphics...
VSGBX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSGBX Vanguard Short-Term Federal Fund Investor Shares | 0.04% | 5.83% | 4.17% | 3.82% | -5.31% | -0.66% | 4.36% | 4.10% | 1.27% | 0.69% |
BND Vanguard Total Bond Market ETF | 0.31% | 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, VSGBX achieves a 0.04% return, which is significantly lower than BND's 0.31% return. Both investments have delivered pretty close results over the past 10 years, with VSGBX having a 1.78% annualized return and BND not far behind at 1.70%.
VSGBX
- 1D
- -0.10%
- 1M
- -0.68%
- YTD
- 0.04%
- 6M
- 1.09%
- 1Y
- 3.95%
- 3Y*
- 4.18%
- 5Y*
- 1.56%
- 10Y*
- 1.78%
BND
- 1D
- 0.22%
- 1M
- -0.98%
- YTD
- 0.31%
- 6M
- 0.85%
- 1Y
- 4.27%
- 3Y*
- 3.53%
- 5Y*
- 0.30%
- 10Y*
- 1.70%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VSGBX vs. BND - Expense Ratio Comparison
VSGBX has a 0.20% 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
VSGBX vs. BND — Risk / Return Rank
VSGBX
BND
VSGBX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Federal Fund Investor Shares (VSGBX) 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.
| VSGBX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.00 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.94 | 1.42 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.71 | +1.14 |
Martin ratioReturn relative to average drawdown | 10.28 | 4.64 | +5.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VSGBX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.00 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.05 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.31 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.65 | 0.59 | +1.05 |
Correlation
The correlation between VSGBX 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
VSGBX vs. BND - Dividend Comparison
VSGBX's dividend yield for the trailing twelve months is around 3.49%, less than BND's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSGBX Vanguard Short-Term Federal Fund Investor Shares | 3.49% | 3.69% | 3.47% | 3.32% | 1.67% | 1.37% | 1.68% | 2.32% | 1.92% | 1.35% | 1.33% | 1.20% |
BND Vanguard Total Bond Market ETF | 3.92% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
VSGBX vs. BND - Drawdown Comparison
The maximum VSGBX drawdown since its inception was -7.42%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for VSGBX and BND.
Loading graphics...
Drawdown Indicators
| VSGBX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.42% | -18.58% | +11.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -2.44% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -7.42% | -17.91% | +10.49% |
Max Drawdown (10Y)Largest decline over 10 years | -7.42% | -18.58% | +11.16% |
Current DrawdownCurrent decline from peak | -0.96% | -2.32% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -0.74% | -3.07% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.90% | -0.53% |
Volatility
VSGBX vs. BND - Volatility Comparison
The current volatility for Vanguard Short-Term Federal Fund Investor Shares (VSGBX) is 0.74%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.65%. This indicates that VSGBX 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.
Loading graphics...
Volatility by Period
| VSGBX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.65% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 2.51% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 4.29% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 6.00% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.14% | 5.52% | -3.38% |