Vanguard Short-Term Treasury ETF

Vanguard Short-Term Treasury ETF

About

Vanguard Short-Term Treasury ETF (US92206C1027) is a US-listed bond ETF tracking the Spl Bloomberg US Treas 1-3 Yr Idx. With a expense ratio of 0.03%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 91 positions across 1 region with 29.5B in assets, with heavy concentration — 100% in United States, 100% 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 6.8 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 9.2 Tracking Difference: 8.9 · TD Consistency: — · Expense Ratio: 10.0
Diversification (45%) 3.5 Holding Count: 3.5 · Country Concentration: 4.8 · Sector Concentration: 1.0
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 VGSH
ISIN
Fund Size $29.5B
Issuer Vanguard
Distribution Pays Distributions
Replication Physical
Inception Nov 2009
Base Currency USD
Index Spl Bloomberg US Treas 1-3 Yr Idx
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 +0.01%
5 Years -0.05%
10 Years -0.05%
YTD -0.01%
Since Inception -0.05%

Holdings

3.5
With only 91 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
United States Treasury Note/Bond
2.25%
#2
United States Treasury Note/Bond
1.41%
#3
United States Treasury Note/Bond
1.38%
#4
United States Treasury Note/Bond
1.36%
#5
United States Treasury Note/Bond
1.32%
#6
United States Treasury Note/Bond
1.31%
#7
United States Treasury Note/Bond
1.27%
#8
United States Treasury Note/Bond
1.27%
#9
United States Treasury Note/Bond
1.26%
#10
United States Treasury Note/Bond
1.26%
View all holdings (50)
# Holding Ticker Weight
1 United States Treasury Note/Bond TNOTE 225.00%
2 United States Treasury Note/Bond 141.00%
3 United States Treasury Note/Bond 138.00%
4 United States Treasury Note/Bond 136.00%
5 United States Treasury Note/Bond 132.00%
6 United States Treasury Note/Bond 131.00%
7 United States Treasury Note/Bond 127.00%
8 United States Treasury Note/Bond TNOTE 127.00%
9 United States Treasury Note/Bond TNOTE 126.00%
10 United States Treasury Note/Bond 126.00%
11 United States Treasury Note/Bond 126.00%
12 United States Treasury Note/Bond 125.00%
13 United States Treasury Note/Bond 124.00%
14 United States Treasury Note/Bond TNOTE 124.00%
15 United States Treasury Note/Bond 123.00%
16 United States Treasury Note/Bond TNOTE 123.00%
17 United States Treasury Note/Bond TNOTE 121.00%
18 United States Treasury Note/Bond 120.00%
19 United States Treasury Note/Bond TNOTE 120.00%
20 United States Treasury Note/Bond 120.00%
21 United States Treasury Note/Bond 120.00%
22 United States Treasury Note/Bond TNOTE 120.00%
23 United States Treasury Note/Bond 120.00%
24 United States Treasury Note/Bond 120.00%
25 United States Treasury Note/Bond 119.00%
26 United States Treasury Note/Bond TNOTE 119.00%
27 United States Treasury Note/Bond 119.00%
28 United States Treasury Note/Bond 119.00%
29 United States Treasury Note/Bond 119.00%
30 United States Treasury Note/Bond 119.00%
31 United States Treasury Note/Bond TNOTE 119.00%
32 United States Treasury Note/Bond TNOTE 118.00%
33 United States Treasury Note/Bond 118.00%
34 United States Treasury Note/Bond 118.00%
35 United States Treasury Note/Bond 118.00%
36 United States Treasury Note/Bond 117.00%
37 United States Treasury Note/Bond 117.00%
38 United States Treasury Note/Bond 116.00%
39 United States Treasury Note/Bond 116.00%
40 United States Treasury Note/Bond 115.00%
41 United States Treasury Note/Bond 115.00%
42 United States Treasury Note/Bond WIT 115.00%
43 United States Treasury Note/Bond T 115.00%
44 United States Treasury Note/Bond 115.00%
45 United States Treasury Note/Bond TNOTE 115.00%
46 TREASURY NOTE (OTR) 114.00%
47 United States Treasury Note/Bond 113.00%
48 United States Treasury Note/Bond TNOTE 112.00%
49 United States Treasury Note/Bond 111.00%
50 United States Treasury Note/Bond TNOTE 111.00%

Sectors

1.0
This fund is concentrated in just a few of its 2 sectors, reducing diversification.
 
Sector Weight
Government Bonds 9983.00%
Unknown 17.00%

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.
 
Country Weight
United States 9983.00%
UNKNOWN 17.00%

Nerd Stuff

Advanced risk and return metrics (2023-06-30 — 2026-06-18).
6.2%
Volatility
-1.7%
Max Drawdown
0.28
Sharpe Ratio
0.38
Sortino Ratio
1.02
Calmar Ratio
0.13
Beta
-5.85%
Alpha (Jensen's)
0.073
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Similar ETFs

Other funds tracking US Bond indices.
Vanguard Total Bond Market ETF
BND·Expense Ratio 0.03%
Vanguard Total International Bond ETF
BNDX·Expense Ratio 0.07%
Vanguard Intermediate-Term Corporate Bond ETF
VCIT·Expense Ratio 0.03%
Vanguard Short-Term Bond ETF
BSV·Expense Ratio 0.03%
Vanguard Tax-Exempt Bond ETF
VTEB·Expense Ratio 0.03%
Vanguard Short-Term Corporate Bond ETF
VCSH·Expense Ratio 0.03%
Compare VGSH vs BND Compare VGSH vs BNDX Compare VGSH vs VCIT
Feedback
ETFs
Basket
Compare