VSTBX vs. VGSH
Compare and contrast key facts about Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX) and Vanguard Short-Term Treasury ETF (VGSH).
VSTBX is managed by Vanguard. It was launched on Nov 19, 2009. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009.
Performance
VSTBX vs. VGSH - Performance Comparison
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VSTBX vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSTBX Vanguard Short-Term Corporate Bond Index Fund Institutional Shares | -0.08% | 6.75% | 5.37% | 6.17% | -5.73% | -0.41% | 5.07% | 9.68% | 0.92% | 2.48% |
VGSH Vanguard Short-Term Treasury ETF | 0.28% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
Returns By Period
In the year-to-date period, VSTBX achieves a -0.08% return, which is significantly lower than VGSH's 0.28% return. Over the past 10 years, VSTBX has outperformed VGSH with an annualized return of 3.01%, while VGSH has yielded a comparatively lower 1.74% annualized return.
VSTBX
- 1D
- 0.19%
- 1M
- -1.05%
- YTD
- -0.08%
- 6M
- 1.15%
- 1Y
- 4.66%
- 3Y*
- 5.46%
- 5Y*
- 2.42%
- 10Y*
- 3.01%
VGSH
- 1D
- 0.09%
- 1M
- -0.49%
- YTD
- 0.28%
- 6M
- 1.37%
- 1Y
- 3.75%
- 3Y*
- 3.98%
- 5Y*
- 1.79%
- 10Y*
- 1.74%
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VSTBX vs. VGSH - Expense Ratio Comparison
VSTBX has a 0.05% expense ratio, which is higher than VGSH'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
VSTBX vs. VGSH — Risk / Return Rank
VSTBX
VGSH
VSTBX vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX) and Vanguard Short-Term Treasury ETF (VGSH). 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.
| VSTBX | VGSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.41 | 2.62 | -0.22 |
Sortino ratioReturn per unit of downside risk | 3.58 | 4.21 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.57 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.75 | 4.26 | -0.51 |
Martin ratioReturn relative to average drawdown | 14.83 | 16.28 | -1.45 |
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
| VSTBX | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.62 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.92 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 1.11 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 1.02 | +0.44 |
Correlation
The correlation between VSTBX and VGSH is 0.74, 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
VSTBX vs. VGSH - Dividend Comparison
VSTBX's dividend yield for the trailing twelve months is around 4.04%, more than VGSH's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSTBX Vanguard Short-Term Corporate Bond Index Fund Institutional Shares | 4.04% | 4.34% | 4.29% | 3.09% | 2.00% | 1.80% | 2.27% | 5.40% | 2.67% | 2.27% | 1.96% | 2.25% |
VGSH Vanguard Short-Term Treasury ETF | 3.95% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Drawdowns
VSTBX vs. VGSH - Drawdown Comparison
The maximum VSTBX drawdown since its inception was -9.34%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for VSTBX and VGSH.
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Drawdown Indicators
| VSTBX | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.34% | -5.70% | -3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -0.88% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -9.34% | -5.70% | -3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -9.34% | -5.70% | -3.64% |
Current DrawdownCurrent decline from peak | -1.05% | -0.49% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -0.60% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.23% | +0.10% |
Volatility
VSTBX vs. VGSH - Volatility Comparison
Vanguard Short-Term Corporate Bond Index Fund Institutional Shares (VSTBX) has a higher volatility of 0.76% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.52%. This indicates that VSTBX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSTBX | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.52% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.84% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 1.44% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.70% | 1.96% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.37% | 1.57% | +0.80% |