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VTES vs. VUSB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VTESVUSB
YTD Return1.77%4.91%
1Y Return4.46%6.61%
Sharpe Ratio2.877.09
Sortino Ratio4.4513.98
Omega Ratio1.663.15
Calmar Ratio3.7532.42
Martin Ratio12.01150.21
Ulcer Index0.37%0.04%
Daily Std Dev1.55%0.93%
Max Drawdown-2.42%-1.81%
Current Drawdown-0.34%0.00%

Correlation

-0.50.00.51.00.5

The correlation between VTES and VUSB is 0.46, 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.

Performance

VTES vs. VUSB - Performance Comparison

In the year-to-date period, VTES achieves a 1.77% return, which is significantly lower than VUSB's 4.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-1.00%0.00%1.00%2.00%3.00%JuneJulyAugustSeptemberOctoberNovember
2.12%
3.24%
VTES
VUSB

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VTES vs. VUSB - Expense Ratio Comparison

VTES has a 0.07% expense ratio, which is lower than VUSB's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VUSB
Vanguard Ultra-Short Bond ETF
Expense ratio chart for VUSB: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
Expense ratio chart for VTES: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

VTES vs. VUSB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) and Vanguard Ultra-Short Bond ETF (VUSB). 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.


VTES
Sharpe ratio
The chart of Sharpe ratio for VTES, currently valued at 2.87, compared to the broader market-2.000.002.004.002.87
Sortino ratio
The chart of Sortino ratio for VTES, currently valued at 4.45, compared to the broader market-2.000.002.004.006.008.0010.0012.004.45
Omega ratio
The chart of Omega ratio for VTES, currently valued at 1.66, compared to the broader market1.001.502.002.503.001.66
Calmar ratio
The chart of Calmar ratio for VTES, currently valued at 3.75, compared to the broader market0.005.0010.0015.003.75
Martin ratio
The chart of Martin ratio for VTES, currently valued at 12.01, compared to the broader market0.0020.0040.0060.0080.00100.00120.0012.01
VUSB
Sharpe ratio
The chart of Sharpe ratio for VUSB, currently valued at 7.09, compared to the broader market-2.000.002.004.007.09
Sortino ratio
The chart of Sortino ratio for VUSB, currently valued at 13.97, compared to the broader market-2.000.002.004.006.008.0010.0012.0013.98
Omega ratio
The chart of Omega ratio for VUSB, currently valued at 3.15, compared to the broader market1.001.502.002.503.003.15
Calmar ratio
The chart of Calmar ratio for VUSB, currently valued at 32.42, compared to the broader market0.005.0010.0015.0032.42
Martin ratio
The chart of Martin ratio for VUSB, currently valued at 150.21, compared to the broader market0.0020.0040.0060.0080.00100.00120.00150.21

VTES vs. VUSB - Sharpe Ratio Comparison

The current VTES Sharpe Ratio is 2.87, which is lower than the VUSB Sharpe Ratio of 7.09. The chart below compares the historical Sharpe Ratios of VTES and VUSB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.007.00JuneJulyAugustSeptemberOctoberNovember
2.87
7.09
VTES
VUSB

Dividends

VTES vs. VUSB - Dividend Comparison

VTES's dividend yield for the trailing twelve months is around 2.98%, less than VUSB's 5.16% yield.


TTM202320222021
VTES
Vanguard Short-Term Tax-Exempt Bond ETF Shares
2.98%2.03%0.00%0.00%
VUSB
Vanguard Ultra-Short Bond ETF
5.16%4.45%1.53%0.25%

Drawdowns

VTES vs. VUSB - Drawdown Comparison

The maximum VTES drawdown since its inception was -2.42%, which is greater than VUSB's maximum drawdown of -1.81%. Use the drawdown chart below to compare losses from any high point for VTES and VUSB. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.34%
0
VTES
VUSB

Volatility

VTES vs. VUSB - Volatility Comparison

Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES) has a higher volatility of 0.76% compared to Vanguard Ultra-Short Bond ETF (VUSB) at 0.18%. This indicates that VTES's price experiences larger fluctuations and is considered to be riskier than VUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.30%0.40%0.50%0.60%0.70%0.80%JuneJulyAugustSeptemberOctoberNovember
0.76%
0.18%
VTES
VUSB