VSGBX vs. SGOV
Compare and contrast key facts about Vanguard Short-Term Federal Fund Investor Shares (VSGBX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
VSGBX is managed by Vanguard. It was launched on Dec 31, 1987. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.
Performance
VSGBX vs. SGOV - Performance Comparison
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VSGBX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VSGBX Vanguard Short-Term Federal Fund Investor Shares | 0.14% | 5.83% | 4.17% | 3.82% | -5.31% | -0.66% | 1.39% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.92% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, VSGBX achieves a 0.14% return, which is significantly lower than SGOV's 0.92% return.
VSGBX
- 1D
- 0.10%
- 1M
- -0.68%
- YTD
- 0.14%
- 6M
- 1.19%
- 1Y
- 3.95%
- 3Y*
- 4.22%
- 5Y*
- 1.58%
- 10Y*
- 1.79%
SGOV
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 0.92%
- 6M
- 1.92%
- 1Y
- 4.10%
- 3Y*
- 4.81%
- 5Y*
- 3.42%
- 10Y*
- —
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VSGBX vs. SGOV - Expense Ratio Comparison
VSGBX has a 0.20% expense ratio, which is higher than SGOV's 0.09% 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. SGOV — Risk / Return Rank
VSGBX
SGOV
VSGBX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Federal Fund Investor Shares (VSGBX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 20.63 | -18.83 |
Sortino ratioReturn per unit of downside risk | 3.02 | 286.00 | -282.98 |
Omega ratioGain probability vs. loss probability | 1.37 | 202.83 | -201.46 |
Calmar ratioReturn relative to maximum drawdown | 3.23 | 412.76 | -409.54 |
Martin ratioReturn relative to average drawdown | 11.78 | 4,634.41 | -4,622.62 |
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
| VSGBX | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 20.63 | -18.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 14.13 | -13.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.65 | 12.35 | -10.71 |
Correlation
The correlation between VSGBX and SGOV 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
VSGBX vs. SGOV - Dividend Comparison
VSGBX's dividend yield for the trailing twelve months is around 3.48%, less than SGOV's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSGBX Vanguard Short-Term Federal Fund Investor Shares | 3.48% | 3.69% | 3.47% | 3.32% | 1.67% | 1.37% | 1.68% | 2.32% | 1.92% | 1.35% | 1.33% | 1.20% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VSGBX vs. SGOV - Drawdown Comparison
The maximum VSGBX drawdown since its inception was -7.42%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VSGBX and SGOV.
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Drawdown Indicators
| VSGBX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.42% | -0.03% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -0.01% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -7.42% | -0.03% | -7.39% |
Max Drawdown (10Y)Largest decline over 10 years | -7.42% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | 0.00% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -0.74% | 0.00% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.00% | +0.37% |
Volatility
VSGBX vs. SGOV - Volatility Comparison
Vanguard Short-Term Federal Fund Investor Shares (VSGBX) has a higher volatility of 0.74% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that VSGBX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSGBX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.06% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 0.13% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.24% | 0.20% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 0.24% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.14% | 0.24% | +1.90% |