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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWSTX or USFR.
Key characteristics
| VWSTX | USFR | |
|---|---|---|
| YTD Return | 2.77% | 4.69% |
| 1Y Return | 4.54% | 5.30% |
| 3Y Return (Ann) | 1.93% | 3.92% |
| 5Y Return (Ann) | 1.63% | 2.50% |
| 10Y Return (Ann) | 1.35% | 2.39% |
| Sharpe Ratio | 3.82 | 14.83 |
| Sortino Ratio | 9.06 | 53.53 |
| Omega Ratio | 2.52 | 12.75 |
| Calmar Ratio | 9.00 | 89.99 |
| Martin Ratio | 31.27 | 732.54 |
| Ulcer Index | 0.15% | 0.01% |
| Daily Std Dev | 1.19% | 0.36% |
| Max Drawdown | -3.08% | -1.36% |
| Current Drawdown | -0.11% | 0.00% |
Correlation
The correlation between VWSTX and USFR is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
VWSTX vs. USFR - Performance Comparison
In the year-to-date period, VWSTX achieves a 2.77% return, which is significantly lower than USFR's 4.69% return. Over the past 10 years, VWSTX has underperformed USFR with an annualized return of 1.35%, while USFR has yielded a comparatively higher 2.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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%.
Risk-Adjusted Performance
VWSTX vs. USFR - Risk-Adjusted Performance 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.
Dividends
VWSTX vs. USFR - Dividend Comparison
VWSTX's dividend yield for the trailing twelve months is around 3.16%, less than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWSTX Vanguard Short-Term Tax-Exempt Fund Investor Shares | 3.16% | 2.42% | 1.16% | 0.62% | 1.17% | 1.59% | 1.44% | 1.06% | 0.87% | 0.70% | 0.71% | 0.85% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
VWSTX vs. USFR - Drawdown Comparison
The maximum VWSTX drawdown since its inception was -3.08%, 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. For additional features, visit the drawdowns tool.
Volatility
VWSTX vs. USFR - Volatility Comparison
Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) has a higher volatility of 0.44% 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.