VV vs. BSV
VV (Vanguard Large-Cap ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - VV is a Large Cap Blend Equities fund tracking the CRSP US Large Cap Index, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past 10 years, VV returned 15.50%/yr vs 1.94%/yr for BSV. At a correlation of -0.13, they often move in opposite directions. VV charges 0.04%/yr vs 0.03%/yr for BSV.
Performance
VV vs. BSV - Performance Comparison
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Returns By Period
In the year-to-date period, VV achieves a 8.77% return, which is significantly higher than BSV's 0.42% return. Over the past 10 years, VV has outperformed BSV with an annualized return of 15.50%, while BSV has yielded a comparatively lower 1.94% annualized return.
VV
- 1D
- 0.47%
- 1M
- 0.04%
- YTD
- 8.77%
- 6M
- 9.08%
- 1Y
- 23.98%
- 3Y*
- 21.14%
- 5Y*
- 13.01%
- 10Y*
- 15.50%
BSV
- 1D
- 0.00%
- 1M
- 0.14%
- YTD
- 0.42%
- 6M
- 0.75%
- 1Y
- 3.58%
- 3Y*
- 4.57%
- 5Y*
- 1.63%
- 10Y*
- 1.94%
VV vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VV Vanguard Large-Cap ETF | 8.77% | 18.11% | 25.25% | 27.18% | -19.91% | 27.41% | 21.04% | 31.25% | -4.46% | 22.00% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.42% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Correlation
The correlation between VV and BSV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.13 |
The correlation between VV and BSV shifts across timeframes, from -0.13 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VV vs. BSV — Risk / Return Rank
VV
BSV
VV vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| VV | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.79 | -0.17 |
| Martin ratioReturn relative to average drawdown | 11.64 | 9.42 | +2.22 |
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Drawdowns
VV vs. BSV - Drawdown Comparison
The maximum VV drawdown since its inception was -54.81%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for VV and BSV.
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Drawdown Indicators
| VV | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -8.54% | -46.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -1.29% | -7.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -1.53% | -17.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -8.54% | -17.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.28% | -8.54% | -25.74% |
Current DrawdownCurrent decline from peak | -2.44% | -0.50% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -0.97% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.38% | +1.69% |
Volatility
VV vs. BSV - Volatility Comparison
Vanguard Large-Cap ETF (VV) has a higher volatility of 4.42% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.57%. This indicates that VV's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VV | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.57% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 1.28% | +8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 1.79% | +10.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 2.73% | +14.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 2.38% | +15.84% |
VV vs. BSV - Expense Ratio Comparison
VV has a 0.04% expense ratio, which is higher than BSV'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%.
Dividends
VV vs. BSV - Dividend Comparison
VV's dividend yield for the trailing twelve months is around 0.99%, less than BSV's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.99% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
VV Vanguard Large-Cap ETF | 0.99% | 1.08% | 1.24% | 1.41% | 1.66% | 1.19% | 1.46% | 1.81% | 2.09% | 1.75% | 1.98% | 1.96% |
Frequently Asked Questions
VV and BSV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VV has higher volatility (4.42%) compared to BSV (0.57%). In terms of maximum drawdown, VV dropped -54.81% vs BSV's -8.54%.
On 10-year performance, VV leads with 15.50% vs 1.94% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VV has performed better with a 15.50% return vs 1.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.04% for VV.
BSV has the higher dividend yield at 3.99%, compared with 0.99% for VV.
VV is categorized as Large Cap Blend Equities, while BSV is Short-Term Bond. VV tracks CRSP US Large Cap Index, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Their fees differ too: 0.04% for VV and 0.03% for BSV.
BSV currently has the higher Sharpe Ratio (2.01 vs 1.93), 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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