VGSH vs VV
Vanguard Short Term Treasury ETF vs Vanguard Morningstar Large-Cap ETF
Quick Verdict
VV delivered stronger 1-year returns. VV offers more diversification with 437 holdings.
Side-by-Side Comparison
| Metric | VGSH | VV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.03% | |
| AUM | $34.7B | $52.6B | |
| Dividend Yield | 3.85% | 1.03% | |
| Holdings | 94 | 437 | |
| YTD Return | +1.16% | +13.00% | |
| 1Y Return | +2.94% | +21.33% | |
| 3Y Return (annualized) | +4.40% | +22.37% | |
| 5Y Return (annualized) | +1.97% | +13.01% | |
| Volatility (annualized) | 1.4% | 14.8% | |
| Max Drawdown | -6.7% | -56.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 19, 2009 | Jan 27, 2004 |
VGSH vs VV Performance
Vanguard Short Term Treasury ETF (VGSH) is a ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is a ETF from Vanguard (US). Over the past year VGSH returned +2.94% while VV returned +21.33%. Year to date, VGSH is up 1.16% versus a gain of 13.00% for VV.
Over three years, VGSH compounded at +4.40% per year against +22.37% for VV; over five years the annualized figures are +1.97% and +13.01% respectively. Across the full 17-year window we track, VV has the edge at +9.49% annualized vs +0.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VV has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 1.4% for VGSH. 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 -6.7% for VGSH and -56.0% for VV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.01. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VGSH charges 0.03% per year while VV charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, VGSH currently yields 3.85% against 1.03% for VV.
Holdings Overlap
VGSH and VV share 0 holdings out of 447 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VGSH or VV?
VGSH has an expense ratio of 0.03% while VV charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, VGSH or VV?
Over the past year VGSH returned +2.94% vs +21.33% for VV, so VV leads on 1-year performance. Over the longest common window we track (17 years), VGSH annualized +0.74% vs +9.49% for VV. Past performance does not guarantee future results.
Which is riskier, VGSH or VV?
VV has been the more volatile fund at 14.8% annualized versus 1.4% for VGSH. Worst drawdown: VGSH -6.7% vs VV -56.0%.
Should I hold both VGSH and VV?
VGSH and VV have a monthly-return correlation of 0.01, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VGSH and VV?
VGSH and VV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 447 unique securities.
Which pays a higher dividend, VGSH or VV?
VGSH yields 3.85% while VV yields 1.03%, so VGSH currently pays the higher dividend yield.
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