VWSTX vs. VUSB
Compare and contrast key facts about Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) and Vanguard Ultra-Short Bond ETF (VUSB).
VWSTX is managed by Vanguard. It was launched on Sep 1, 1977. VUSB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Treasury Bellwethers 1-Year. It was launched on Apr 5, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWSTX or VUSB.
Key characteristics
| VWSTX | VUSB | |
|---|---|---|
| YTD Return | 2.77% | 4.91% |
| 1Y Return | 4.54% | 6.61% |
| 3Y Return (Ann) | 1.93% | 3.25% |
| Sharpe Ratio | 3.82 | 7.09 |
| Sortino Ratio | 9.06 | 13.98 |
| Omega Ratio | 2.52 | 3.15 |
| Calmar Ratio | 9.00 | 32.42 |
| Martin Ratio | 31.27 | 150.21 |
| Ulcer Index | 0.15% | 0.04% |
| Daily Std Dev | 1.19% | 0.93% |
| Max Drawdown | -3.08% | -1.81% |
| Current Drawdown | -0.11% | 0.00% |
Correlation
The correlation between VWSTX and VUSB is 0.31, 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.
Performance
VWSTX vs. VUSB - Performance Comparison
In the year-to-date period, VWSTX achieves a 2.77% return, which is significantly lower than VUSB's 4.91% 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. VUSB - Expense Ratio Comparison
VWSTX has a 0.17% expense ratio, which is higher than VUSB's 0.10% 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. VUSB - 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 Vanguard Ultra-Short Bond ETF (VUSB). 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. VUSB - Dividend Comparison
VWSTX's dividend yield for the trailing twelve months is around 3.16%, less than VUSB's 5.16% 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% |
VUSB Vanguard Ultra-Short Bond ETF | 5.16% | 4.45% | 1.53% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VWSTX vs. VUSB - Drawdown Comparison
The maximum VWSTX drawdown since its inception was -3.08%, which is greater than VUSB's maximum drawdown of -1.81%. Use the drawdown chart below to compare losses from any high point for VWSTX and VUSB. For additional features, visit the drawdowns tool.
Volatility
VWSTX vs. VUSB - Volatility Comparison
Vanguard Short-Term Tax-Exempt Fund Investor Shares (VWSTX) has a higher volatility of 0.44% compared to Vanguard Ultra-Short Bond ETF (VUSB) at 0.18%. This indicates that VWSTX's price experiences larger fluctuations and is considered to be riskier than VUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.