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VSGBX vs. TLT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

VSGBX vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Federal Fund Investor Shares (VSGBX) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

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VSGBX vs. TLT - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
VSGBX
Vanguard Short-Term Federal Fund Investor Shares
0.14%5.83%4.17%3.82%-5.31%-0.66%4.36%4.10%1.27%0.69%
TLT
iShares 20+ Year Treasury Bond ETF
0.07%4.25%-8.05%2.77%-31.23%-4.60%18.15%14.12%-1.61%9.18%

Returns By Period

In the year-to-date period, VSGBX achieves a 0.14% return, which is significantly higher than TLT's 0.07% return. Over the past 10 years, VSGBX has outperformed TLT with an annualized return of 1.79%, while TLT has yielded a comparatively lower -1.39% annualized 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%

TLT

1D
-0.10%
1M
-3.35%
YTD
0.07%
6M
-1.23%
1Y
-1.44%
3Y*
-2.81%
5Y*
-5.87%
10Y*
-1.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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VSGBX vs. TLT - Expense Ratio Comparison

VSGBX has a 0.20% expense ratio, which is higher than TLT's 0.15% 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. TLT — Risk / Return Rank

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

VSGBX
VSGBX Risk / Return Rank: 9191
Overall Rank
VSGBX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VSGBX Sortino Ratio Rank: 9494
Sortino Ratio Rank
VSGBX Omega Ratio Rank: 8686
Omega Ratio Rank
VSGBX Calmar Ratio Rank: 9494
Calmar Ratio Rank
VSGBX Martin Ratio Rank: 9393
Martin Ratio Rank

TLT
TLT Risk / Return Rank: 99
Overall Rank
TLT Sharpe Ratio Rank: 99
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 88
Sortino Ratio Rank
TLT Omega Ratio Rank: 88
Omega Ratio Rank
TLT Calmar Ratio Rank: 1111
Calmar Ratio Rank
TLT Martin Ratio Rank: 1111
Martin Ratio Rank
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.

VSGBX vs. TLT - 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 20+ Year Treasury Bond ETF (TLT). 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.


VSGBXTLTDifference

Sharpe ratio

Return per unit of total volatility

1.79

-0.13

+1.92

Sortino ratio

Return per unit of downside risk

3.02

-0.10

+3.12

Omega ratio

Gain probability vs. loss probability

1.37

0.99

+0.38

Calmar ratio

Return relative to maximum drawdown

3.23

-0.06

+3.29

Martin ratio

Return relative to average drawdown

11.78

-0.13

+11.92

VSGBX vs. TLT - Sharpe Ratio Comparison

The current VSGBX Sharpe Ratio is 1.79, which is higher than the TLT Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of VSGBX and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


VSGBXTLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.79

-0.13

+1.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

-0.37

+0.97

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.84

-0.09

+0.93

Sharpe Ratio (All Time)

Calculated using the full available price history

1.65

0.26

+1.39

Correlation

The correlation between VSGBX and TLT is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

VSGBX vs. TLT - Dividend Comparison

VSGBX's dividend yield for the trailing twelve months is around 3.48%, less than TLT's 4.53% yield.


TTM20252024202320222021202020192018201720162015
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%
TLT
iShares 20+ Year Treasury Bond ETF
4.53%4.43%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%

Drawdowns

VSGBX vs. TLT - Drawdown Comparison

The maximum VSGBX drawdown since its inception was -7.42%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for VSGBX and TLT.


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Drawdown Indicators


VSGBXTLTDifference

Max Drawdown

Largest peak-to-trough decline

-7.42%

-48.35%

+40.93%

Max Drawdown (1Y)

Largest decline over 1 year

-1.35%

-9.23%

+7.88%

Max Drawdown (5Y)

Largest decline over 5 years

-7.42%

-43.70%

+36.28%

Max Drawdown (10Y)

Largest decline over 10 years

-7.42%

-48.35%

+40.93%

Current Drawdown

Current decline from peak

-0.87%

-40.23%

+39.36%

Average Drawdown

Average peak-to-trough decline

-0.74%

-13.62%

+12.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.37%

4.39%

-4.02%

Volatility

VSGBX vs. TLT - Volatility Comparison

The current volatility for Vanguard Short-Term Federal Fund Investor Shares (VSGBX) is 0.74%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that VSGBX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


VSGBXTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.74%

3.71%

-2.97%

Volatility (6M)

Calculated over the trailing 6-month period

1.34%

6.61%

-5.27%

Volatility (1Y)

Calculated over the trailing 1-year period

2.24%

11.40%

-9.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.63%

15.88%

-13.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.14%

14.93%

-12.79%