VUSB vs. VUSXX
VUSB (Vanguard Ultra-Short Bond ETF) and VUSXX (Vanguard Treasury Money Market Fund) are both funds - VUSB is a Ultrashort Bond fund actively managed by Vanguard, while VUSXX is a Money Market fund actively managed by Vanguard. Both are actively managed. Over the past 5 years, VUSB returned 3.54%/yr vs 1.62%/yr for VUSXX. Their 0.08 correlation means their historical movements had little consistent relationship. VUSB charges 0.10%/yr vs 0.07%/yr for VUSXX.
Performance
VUSB vs. VUSXX - Performance Comparison
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Returns By Period
In the year-to-date period, VUSB achieves a 1.96% return, which is significantly higher than VUSXX's 1.82% return.
VUSB
- 1D
- 0.02%
- 1M
- 0.24%
- 6M
- 1.57%
- YTD
- 1.96%
- 1Y
- 4.09%
- 3Y*
- 5.25%
- 5Y*
- 3.54%
- 10Y*
- —
- ALL TIME*
- 3.37%
VUSXX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.50%
- YTD
- 1.82%
- 1Y
- 3.55%
- 3Y*
- 2.71%
- 5Y*
- 1.62%
- 10Y*
- —
- ALL TIME*
- 1.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $68.77M | $73.10M | $81.38M | |
| $0.00 | $0.00 | $0.00 |
VUSB vs. VUSXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VUSB Vanguard Ultra-Short Bond ETF | 1.96% | 5.20% | 5.68% | 5.52% | -0.36% | -0.09% |
VUSXX Vanguard Treasury Money Market Fund | 1.82% | 4.25% | 1.65% | 0.43% | 0.00% | 0.00% |
Correlation
The correlation between VUSB and VUSXX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.08 |
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Return for Risk
VUSB vs. VUSXX — Risk / Return Rank
VUSB
VUSXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VUSB vs. VUSXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short Bond ETF (VUSB) and Vanguard Treasury Money Market Fund (VUSXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VUSB | VUSXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 11.62 | — | — |
| Martin ratioReturn relative to average drawdown | 65.56 | — | — |
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Drawdowns
VUSB vs. VUSXX - Drawdown Comparison
The maximum VUSB drawdown since its inception was -1.79%, which is greater than VUSXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VUSB and VUSXX.
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Drawdown Indicators
| VUSB | VUSXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.79% | 0.00% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | 0.00% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | 0.00% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -1.79% | 0.00% | -1.79% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.27% | 0.00% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.00% | +0.07% |
Volatility
VUSB vs. VUSXX - Volatility Comparison
Vanguard Ultra-Short Bond ETF (VUSB) has a higher volatility of 0.16% compared to Vanguard Treasury Money Market Fund (VUSXX) at 0.00%. This indicates that VUSB's price experiences larger fluctuations and is considered to be riskier than VUSXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSB | VUSXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 0.00% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | 0.72% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 1.11% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.84% | 0.76% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.82% | 0.75% | +0.07% |
VUSB vs. VUSXX - Expense Ratio Comparison
VUSB has a 0.10% expense ratio, which is higher than VUSXX's 0.07% 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%.
Dividends
VUSB vs. VUSXX - Dividend Comparison
VUSB's dividend yield for the trailing twelve months is around 4.34%, more than VUSXX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
VUSB Vanguard Ultra-Short Bond ETF | 3.95% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% |
VUSXX Vanguard Treasury Money Market Fund | 3.49% | 4.15% | 1.63% | 0.43% | 0.00% | 0.00% |
Frequently Asked Questions
VUSB and VUSXX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VUSB has higher volatility (0.16%) compared to VUSXX (0.00%). In terms of maximum drawdown, VUSB dropped -1.79% vs VUSXX's 0.00%.
VUSB currently has the higher Sharpe Ratio (6.39 vs 3.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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