VWSTX vs. USFR
Compare and contrast key facts about Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
VWSTX is managed by Vanguard. It was launched on Sep 1, 1977. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Performance
VWSTX vs. USFR - Performance Comparison
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VWSTX vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWSTX Vanguard Short-Term Tax-Exempt Fund Investor Shares | 0.22% | 4.79% | 3.68% | 3.87% | -0.81% | 0.17% | 1.82% | 2.50% | 1.59% | 1.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 0.93% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Returns By Period
In the year-to-date period, VWSTX achieves a 0.22% return, which is significantly lower than USFR's 0.93% return. Over the past 10 years, VWSTX has underperformed USFR with an annualized return of 1.87%, while USFR has yielded a comparatively higher 2.41% annualized return.
VWSTX
- 1D
- 0.00%
- 1M
- -0.69%
- YTD
- 0.22%
- 6M
- 0.88%
- 1Y
- 3.49%
- 3Y*
- 3.83%
- 5Y*
- 2.35%
- 10Y*
- 1.87%
USFR
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 0.93%
- 6M
- 2.02%
- 1Y
- 4.10%
- 3Y*
- 4.89%
- 5Y*
- 3.52%
- 10Y*
- 2.41%
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VWSTX vs. USFR - Expense Ratio Comparison
VWSTX has a 0.17% expense ratio, which is higher than USFR's 0.15% 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
VWSTX vs. USFR — Risk / Return Rank
VWSTX
USFR
VWSTX vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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.
| VWSTX | USFR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.74 | 14.37 | -11.64 |
Sortino ratioReturn per unit of downside risk | 5.45 | 42.77 | -37.32 |
Omega ratioGain probability vs. loss probability | 2.30 | 10.64 | -8.34 |
Calmar ratioReturn relative to maximum drawdown | 4.12 | 103.73 | -99.61 |
Martin ratioReturn relative to average drawdown | 18.74 | 661.88 | -643.14 |
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
| VWSTX | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 14.37 | -11.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.99 | 8.63 | -6.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.71 | 3.00 | -1.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.03 | 1.57 | +0.46 |
Correlation
The correlation between VWSTX and USFR is 0.00, 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
VWSTX vs. USFR - Dividend Comparison
VWSTX's dividend yield for the trailing twelve months is around 3.11%, less than USFR's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWSTX Vanguard Short-Term Tax-Exempt Fund Investor Shares | 3.11% | 3.90% | 3.73% | 2.42% | 1.16% | 0.61% | 1.17% | 1.71% | 1.45% | 1.06% | 0.87% | 0.70% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.00% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% |
Drawdowns
VWSTX vs. USFR - Drawdown Comparison
The maximum VWSTX drawdown since its inception was -3.09%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for VWSTX and USFR.
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Drawdown Indicators
| VWSTX | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.09% | -1.36% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -1.01% | -0.04% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -2.32% | -0.18% | -2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -3.08% | -0.80% | -2.28% |
Current DrawdownCurrent decline from peak | -0.69% | 0.00% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -0.16% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.01% | +0.21% |
Volatility
VWSTX vs. USFR - Volatility Comparison
Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) has a higher volatility of 0.28% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that VWSTX's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWSTX | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.09% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.75% | 0.19% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.51% | 0.29% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.19% | 0.41% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.10% | 0.81% | +0.29% |