VUSFX vs. VGLT
Compare and contrast key facts about Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) and Vanguard Long-Term Treasury ETF (VGLT).
VUSFX is managed by Vanguard. It was launched on Feb 24, 2015. VGLT is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
VUSFX vs. VGLT - Performance Comparison
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VUSFX vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.66% | 5.11% | 6.11% | 5.53% | -0.38% | 0.08% | 2.10% | 3.39% | 2.10% | 1.37% |
VGLT Vanguard Long-Term Treasury ETF | -0.14% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Returns By Period
In the year-to-date period, VUSFX achieves a 0.66% return, which is significantly higher than VGLT's -0.14% return. Over the past 10 years, VUSFX has outperformed VGLT with an annualized return of 2.67%, while VGLT has yielded a comparatively lower -0.87% annualized return.
VUSFX
- 1D
- 0.05%
- 1M
- -0.05%
- YTD
- 0.66%
- 6M
- 1.71%
- 1Y
- 4.41%
- 3Y*
- 5.36%
- 5Y*
- 3.37%
- 10Y*
- 2.67%
VGLT
- 1D
- -0.05%
- 1M
- -3.18%
- YTD
- -0.14%
- 6M
- -0.79%
- 1Y
- -0.40%
- 3Y*
- -1.59%
- 5Y*
- -4.89%
- 10Y*
- -0.87%
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VUSFX vs. VGLT - Expense Ratio Comparison
VUSFX has a 0.10% expense ratio, which is higher than VGLT'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
VUSFX vs. VGLT — Risk / Return Rank
VUSFX
VGLT
VUSFX vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) and Vanguard Long-Term Treasury ETF (VGLT). 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.
| VUSFX | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.66 | -0.04 | +6.70 |
Sortino ratioReturn per unit of downside risk | 11.92 | 0.02 | +11.90 |
Omega ratioGain probability vs. loss probability | 3.66 | 1.00 | +2.66 |
Calmar ratioReturn relative to maximum drawdown | 12.88 | 0.04 | +12.84 |
Martin ratioReturn relative to average drawdown | 74.29 | 0.09 | +74.20 |
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
| VUSFX | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.66 | -0.04 | +6.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.21 | -0.34 | +4.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.93 | -0.06 | +4.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.94 | 0.19 | +3.75 |
Correlation
The correlation between VUSFX and VGLT is 0.36, 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
VUSFX vs. VGLT - Dividend Comparison
VUSFX's dividend yield for the trailing twelve months is around 4.22%, less than VGLT's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 4.22% | 4.73% | 5.52% | 4.15% | 1.38% | 0.53% | 1.62% | 2.68% | 2.23% | 1.52% | 1.07% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.54% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
VUSFX vs. VGLT - Drawdown Comparison
The maximum VUSFX drawdown since its inception was -1.71%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for VUSFX and VGLT.
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Drawdown Indicators
| VUSFX | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.71% | -46.18% | +44.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -8.48% | +8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -1.71% | -40.98% | +39.27% |
Max Drawdown (10Y)Largest decline over 10 years | -1.71% | -46.18% | +44.47% |
Current DrawdownCurrent decline from peak | -0.05% | -36.66% | +36.61% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -14.83% | +14.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 3.86% | -3.80% |
Volatility
VUSFX vs. VGLT - Volatility Comparison
The current volatility for Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) is 0.28%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.45%. This indicates that VUSFX experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSFX | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 3.45% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 0.43% | 6.00% | -5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 10.32% | -9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.81% | 14.59% | -13.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 13.84% | -13.16% |