Vanguard Short-Term Bond ETF

Vanguard Short-Term Bond ETF

About

Vanguard Short-Term Bond ETF (US9219378273) is a US-listed bond ETF tracking the Spl Bloomberg US1-5YrGov/Cr FlAdjIx. With a expense ratio of 0.03%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 500 positions across 24 regions with 45.3B in assets, with heavy concentration — 75% in United States, 70% in government bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database.
Component Score Details
Overall 7.4 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 9.2 Tracking Difference: 8.9 · TD Consistency: — · Expense Ratio: 10.0
Diversification (45%) 4.8 Holding Count: 6.4 · Country Concentration: 5.3 · Sector Concentration: 2.1
Liquidity (25%) 10.0 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker BSV
ISIN
Fund Size $45.3B
Issuer Vanguard
Distribution Pays Distributions
Replication Physical
Inception Apr 2007
Base Currency USD
Index Spl Bloomberg US1-5YrGov/Cr FlAdjIx
Asset Class Bonds
Category Us Bond

Costs

9.2
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.03%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.00%
3 Months -0.01%
6 Months -0.01%
1 Year -0.01%
3 Years +0.03%
5 Years -0.05%
10 Years -0.04%
YTD -0.02%
Since Inception -0.04%

Holdings

6.4
This fund holds 500 individual investments, offering moderate diversification compared to other ETFs.
#1
TREASURY NOTE (OTR)
2.12%
#2
United States Treasury Note/Bond
1.15%
#3
United States Treasury Note/Bond
0.90%
#4
United States Treasury Note/Bond
0.90%
#5
United States Treasury Note/Bond
0.88%
#6
United States Treasury Note/Bond
0.80%
#7
United States Treasury Note/Bond
0.79%
#8
United States Treasury Note/Bond
0.78%
#9
United States Treasury Note/Bond
0.77%
#10
TREASURY NOTE (OTR)
0.76%
View all holdings (50)
# Holding Ticker Weight
1 TREASURY NOTE (OTR) 212.00%
2 United States Treasury Note/Bond TNOTE 115.00%
3 United States Treasury Note/Bond TNOTE 90.00%
4 United States Treasury Note/Bond 90.00%
5 United States Treasury Note/Bond 88.00%
6 United States Treasury Note/Bond TNOTE 80.00%
7 United States Treasury Note/Bond 79.00%
8 United States Treasury Note/Bond 78.00%
9 United States Treasury Note/Bond 77.00%
10 TREASURY NOTE (OTR) 76.00%
11 United States Treasury Note/Bond 76.00%
12 United States Treasury Note/Bond TNOTE 76.00%
13 United States Treasury Note/Bond 75.00%
14 United States Treasury Note/Bond 75.00%
15 United States Treasury Note/Bond TNOTE 75.00%
16 United States Treasury Note/Bond 75.00%
17 United States Treasury Note/Bond 74.00%
18 United States Treasury Note/Bond 74.00%
19 United States Treasury Note/Bond 73.00%
20 United States Treasury Note/Bond 73.00%
21 United States Treasury Note/Bond 73.00%
22 United States Treasury Note/Bond 71.00%
23 TREASURY NOTE (OTR) 70.00%
24 United States Treasury Note/Bond 67.00%
25 United States Treasury Note/Bond 64.00%
26 United States Treasury Note/Bond 64.00%
27 United States Treasury Note/Bond 64.00%
28 United States Treasury Note/Bond 62.00%
29 United States Treasury Note/Bond 62.00%
30 United States Treasury Note/Bond 62.00%
31 United States Treasury Note/Bond 62.00%
32 United States Treasury Note/Bond 60.00%
33 United States Treasury Note/Bond 59.00%
34 United States Treasury Note/Bond 58.00%
35 United States Treasury Note/Bond 57.00%
36 United States Treasury Note/Bond 56.00%
37 United States Treasury Note/Bond 55.00%
38 United States Treasury Note/Bond 55.00%
39 United States Treasury Note/Bond TNOTE 55.00%
40 United States Treasury Note/Bond 53.00%
41 United States Treasury Note/Bond 53.00%
42 United States Treasury Note/Bond TNOTE 53.00%
43 United States Treasury Note/Bond TNOTE 52.00%
44 United States Treasury Note/Bond 52.00%
45 United States Treasury Note/Bond T 51.00%
46 United States Treasury Note/Bond TNOTE 51.00%
47 United States Treasury Note/Bond 51.00%
48 United States Treasury Note/Bond TNOTE 51.00%
49 United States Treasury Note/Bond TNOTE 50.00%
50 TREASURY NOTE (OTR) 50.00%

Sectors

2.1
This fund is concentrated in just a few of its 4 sectors, reducing diversification.
 
Sector Weight
Government Bonds 7005.00%
Unknown 2018.00%
Corporate Bonds 936.00%
Financials 41.00%

Regions

5.3
This fund invests across 25 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
United States 7514.00%
UNKNOWN 2018.00%
SNAT 200.00%
Canada 79.00%
Germany 52.00%
United Kingdom 49.00%
Japan 19.00%
Ireland 10.00%
XS 9.00%
France 6.00%
Singapore 5.00%
Australia 4.00%
Switzerland 4.00%
Spain 4.00%
Mexico 4.00%
Netherlands 3.00%
Norway 3.00%
Poland 3.00%
Indonesia 2.00%
Israel 2.00%
South Korea 2.00%
Cayman Islands 2.00%
Peru 2.00%
Philippines 2.00%
Sweden 2.00%

Nerd Stuff

Advanced risk and return metrics (2023-06-30 — 2026-06-18).
9.3%
Volatility
-2.2%
Max Drawdown
1.64
Sharpe Ratio
2.44
Sortino Ratio
7.02
Calmar Ratio
0.15
Beta
-5.39%
Alpha (Jensen's)
0.102
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).
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