VUSUX vs. SGOV
VUSUX (Vanguard Long-Term Treasury Fund Admiral Shares) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both funds - VUSUX is a Government Bonds fund managed by Vanguard, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, VUSUX returned -7.10%/yr vs 3.66%/yr for SGOV. Their 0.01 correlation means their historical movements had little consistent relationship. VUSUX charges 0.10%/yr vs 0.09%/yr for SGOV.
Performance
VUSUX vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, VUSUX achieves a -3.72% return, which is significantly lower than SGOV's 2.13% return.
VUSUX
- 1D
- -0.66%
- 1M
- -3.72%
- 6M
- -3.24%
- YTD
- -3.72%
- 1Y
- -1.95%
- 3Y*
- -0.61%
- 5Y*
- -7.10%
- 10Y*
- -1.77%
- ALL TIME*
- 3.61%
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.82%
- YTD
- 2.13%
- 1Y
- 3.85%
- 3Y*
- 4.62%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.99B | $1.87B | $2.06B | |
| $0.00 | $0.00 | $0.00 |
VUSUX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUSUX Vanguard Long-Term Treasury Fund Admiral Shares | -3.72% | 5.66% | -6.30% | 3.43% | -29.51% | -4.71% | -1.83% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.13% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between VUSUX and SGOV is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.01 |
The correlation between VUSUX and SGOV shifts across timeframes, from -0.10 (1 year) to 0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VUSUX vs. SGOV — Risk / Return Rank
VUSUX
SGOV
VUSUX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| VUSUX | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.85 | ||
| Sortino ratioReturn per unit of downside risk | -380.28 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 380.49 | -379.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 388.26 | -388.34 |
| Martin ratioReturn relative to average drawdown | -0.18 | 6,151.27 | -6,151.45 |
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Drawdowns
VUSUX vs. SGOV - Drawdown Comparison
The maximum VUSUX drawdown since its inception was -46.12%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VUSUX and SGOV.
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Drawdown Indicators
| VUSUX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.12% | -0.03% | -46.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -0.01% | -7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.56% | -0.01% | -13.55% |
Max Drawdown (5Y)Largest decline over 5 years | -41.34% | -0.03% | -41.31% |
Max Drawdown (10Y)Largest decline over 10 years | -46.12% | — | — |
Current DrawdownCurrent decline from peak | -38.37% | 0.00% | -38.37% |
Average DrawdownAverage peak-to-trough decline | -11.69% | 0.00% | -11.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.00% | +3.26% |
Volatility
VUSUX vs. SGOV - Volatility Comparison
Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX) has a higher volatility of 2.24% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that VUSUX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSUX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 0.04% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 0.13% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.56% | 0.19% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 0.24% | +14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 0.23% | +13.46% |
VUSUX vs. SGOV - Expense Ratio Comparison
VUSUX has a 0.10% expense ratio, which is higher than SGOV's 0.09% 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
VUSUX vs. SGOV - Dividend Comparison
VUSUX's dividend yield for the trailing twelve months is around 4.36%, more than SGOV's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUSUX Vanguard Long-Term Treasury Fund Admiral Shares | 4.36% | 4.39% | 4.15% | 3.43% | 3.05% | 4.46% | 10.28% | 2.92% | 2.91% | 2.74% | 5.38% | 5.62% |
Frequently Asked Questions
VUSUX and SGOV have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VUSUX has higher volatility (2.24%) compared to SGOV (0.04%). In terms of maximum drawdown, VUSUX dropped -46.12% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.78 vs -0.07), 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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