VCSH vs VEU
Vanguard Short Term Corporate Bond ETF vs Vanguard FTSE All World Ex US ETF
Which is better, VCSH or VEU?
Short Term Bond against Large Cap Blend.
VCSH has a lower expense ratio. VEU led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VCSH | VEU |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.04% |
| AUM | $52.0B | $68.4B |
| Dividend Yield | 4.47% | 2.48% |
| Holdings | 3,023 | 3,928 |
| YTD Return | +0.45% | +13.57%Best |
| 1Y Return | +1.78% | +23.03%Best |
| 3Y Return (annualized) | +5.35% | +19.74%Best |
| 5Y Return (annualized) | +2.21% | +9.09%Best |
| Volatility (annualized) | 2.6%Best | 15.5% |
| Max Drawdown | -12.9%Best | -39.1% |
| $10,000 over 5 years | $11,155 | $15,450Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Short Term Bond | Large Cap Blend |
| Inception | Nov 19, 2009 | Mar 2, 2007 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 23, 2009 to Sep 10, 2026 (16.8 years).
VCSH vs VEU growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.8 years both funds cover.
VCSH vs VEU Performance
Vanguard Short Term Corporate Bond ETF (VCSH) is an ETF from Vanguard (US) and Vanguard FTSE All World Ex US ETF (VEU) is an ETF from Vanguard (US). Over the past year VCSH returned +1.78% while VEU returned +23.03%. Year to date, VCSH is up 0.45% versus a gain of 13.57% for VEU.
Over three years, VCSH compounded at +5.35% per year against +19.74% for VEU; over five years the annualized figures are +2.21% and +9.09% respectively. Across the full 17-year window we track, VEU has the edge at +4.88% annualized vs +1.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VEU has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 2.6% for VCSH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.9% for VCSH and -39.1% for VEU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VCSH charges 0.03% per year while VEU charges 0.04%. On a $10,000 position that is $3 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, VCSH currently yields 4.47% against 2.48% for VEU.
Holdings Overlap
We hold position weights for 557 holdings in VCSH and 3,655 in VEU, totalling 20.6% and 94.0% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 557 positions we hold weights for in VCSH and 3,655 in VEU, against full books of 3,023 and 3,928.
Top Shared Holdings
| Stock | Weight in VCSH | Weight in VEU | Difference |
|---|---|---|---|
| AMXLMM 3.625 04/22/2America Movil Sab De Cv | 0.03% | 0.05% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of VCSH and VEU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VCSH or VEU?
VCSH has an expense ratio of 0.03% while VEU charges 0.04%. VCSH is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, VCSH or VEU?
Over the past year VCSH returned +1.78% vs +23.03% for VEU, so VEU leads on 1-year performance. Over the longest common window we track (17 years), VCSH annualized +1.26% vs +4.88% for VEU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VCSH or VEU?
VEU has been the more volatile fund at 15.5% annualized versus 2.6% for VCSH. Worst drawdown: VCSH -12.9% vs VEU -39.1%.
Should I hold both VCSH and VEU?
VCSH and VEU have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, VCSH or VEU?
VCSH yields 4.47% while VEU yields 2.48%, so VCSH currently pays the higher dividend yield.
Is VEU better than VCSH?
VCSH has a lower expense ratio. VEU led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.