Data Source: from January 2010 to July 2022
Consolidated Returns as of 31 Jul 2022
Category: Fixed Income
ETF: Vanguard Short-Term Treasury Index (VGSH)

In the last 10 Years, the Vanguard Short-Term Treasury Index (VGSH) ETF obtained a 0.73% compound annual return, with a 1.11% standard deviation.

In 2021, the ETF granted a 0.66% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard Short-Term Treasury Index (VGSH) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: Short Term

Historical Returns as of Jul 31, 2022

Historical returns and stats of Vanguard Short-Term Treasury Index (VGSH) ETF. Total Returns and Inflation Adjusted Returns are both mentioned.

VANGUARD SHORT-TERM TREASURY INDEX (VGSH) ETF
Consolidated returns as of 31 Jul 2022
Data Source: from January 2010 to July 2022
Swipe left to see all data
Period Return (%)
as of Jul 2022
Return (%)
Infl.Adj.
Standard
Deviation (%)
Max
Drawdown (%)
Months
Pos - Neg
1M
Jul 2022
0.39
0.40
0.00
1 - 0
3M
0.35
-2.07
-0.59
Jun 2022 - Jun 2022
2 - 1
6M
-1.94
-6.95
-2.32
Feb 2022 - Jun 2022
2 - 4
YTD
-2.65
-8.39
-3.03
Jan 2022 - Jun 2022
2 - 5
1Y
-3.31
-10.91
1.72
-3.69
Aug 2021 - Jun 2022
2 - 10
17% pos
3Y(*)
0.30
-4.40
1.61
-3.69
Jun 2021 - Jun 2022
19 - 17
53% pos
5Y(*)
0.89
-2.89
1.43
-3.69
Jun 2021 - Jun 2022
32 - 28
53% pos
10Y(*)
0.73
-1.83
1.11
-3.69
Jun 2021 - Jun 2022
70 - 50
58% pos
MAX(*)
01 Jan 2010
0.90
-1.61
1.06
-3.69
Jun 2021 - Jun 2022
91 - 60
60% pos
(*) Returns over 1 year are annualized

US Inflation is updated to Jul 2022. Current inflation (annualized) is 1Y: 8.52% , 5Y: 3.89% , 10Y: 2.60%

Correlations as of Jul 31, 2022

Monthly correlations of Vanguard Short-Term Treasury Index (VGSH) ETF vs the main Asset Classes, over different timeframes.

Columns are sortable (click on table header to sort).

VANGUARD SHORT-TERM TREASURY INDEX (VGSH) ETF
Monthly correlations as of 31 Jul 2022
Swipe left to see all data
Correlation vs VGSH
 
Asset Class 1 Year 5 Years 10 Years Since
Jan 2010
US Total Stock Market
VTI
0.29
-0.20
-0.20
-0.23
US Large Cap
SPY
0.28
-0.20
-0.20
-0.22
US Small Cap
IJR
0.48
-0.26
-0.26
-0.28
US REITs
VNQ
0.05
-0.17
-0.03
-0.04
US Technology
QQQ
0.28
-0.06
-0.08
-0.12
Preferred Stocks
PFF
0.51
-0.05
-0.02
-0.02
EAFE Stocks
EFA
0.38
-0.19
-0.15
-0.16
World All Countries
VT
0.32
-0.21
-0.19
-0.20
Emerging Markets
EEM
0.40
-0.18
-0.09
-0.11
Europe
VGK
0.36
-0.18
-0.13
-0.14
Pacific
VPL
0.44
-0.18
-0.14
-0.17
Latin America
FLLA
-0.05
-0.34
-0.22
-0.21
US Total Bond Market
BND
0.79
0.64
0.65
0.66
Long Term Treasuries
TLT
0.50
0.67
0.63
0.57
US Cash
BIL
-0.15
0.49
0.38
0.35
TIPS
TIP
0.57
0.42
0.44
0.44
Investment Grade Bonds
LQD
0.71
0.37
0.41
0.40
High Yield Bonds
HYG
0.60
-0.01
0.01
-0.01
International Bond Market
BNDX
0.65
0.43
0.44
0.44
Emerging Market Bonds
EMB
0.49
0.04
0.12
0.13
Gold
GLD
-0.33
0.18
0.22
0.23
Commodities
DBC
-0.35
-0.53
-0.35
-0.31

Capital Growth as of Jul 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the Vanguard Short-Term Treasury Index (VGSH) ETF: Dividend Yield page.

An investment of 1000$, since August 2012, now would be worth 1075.34$, with a total return of 7.53% (0.73% annualized).

The Inflation Adjusted Capital now would be 831.54$, with a net total return of -16.85% (-1.83% annualized).
An investment of 1000$, since January 2010, now would be worth 1118.76$, with a total return of 11.88% (0.90% annualized).

The Inflation Adjusted Capital now would be 815.44$, with a net total return of -18.46% (-1.61% annualized).

Drawdowns

Worst drawdowns since August 2012.

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Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-3.69% Jun 2021 Jun 2022 13 in progress 1 14
-0.82% Sep 2017 Feb 2018 6 Nov 2018 9 15
-0.71% Jul 2016 Nov 2016 5 Aug 2017 9 14
-0.43% Oct 2015 Dec 2015 3 Jan 2016 1 4
-0.23% Dec 2014 Dec 2014 1 Jan 2015 1 2
-0.22% Feb 2015 Feb 2015 1 Apr 2015 2 3
-0.17% Sep 2019 Sep 2019 1 Oct 2019 1 2
-0.15% Mar 2014 Mar 2014 1 May 2014 2 3
-0.15% May 2013 Aug 2013 4 Sep 2013 1 5
-0.15% May 2016 May 2016 1 Jun 2016 1 2
-0.11% Sep 2012 Oct 2012 2 Dec 2012 2 4
-0.10% Feb 2021 Mar 2021 2 May 2021 2 4
-0.08% Aug 2015 Aug 2015 1 Sep 2015 1 2
-0.07% Jun 2014 Jun 2014 1 Aug 2014 2 3
-0.06% Jul 2019 Jul 2019 1 Aug 2019 1 2
-0.05% Aug 2020 Oct 2020 3 Jan 2021 3 6
-0.05% Sep 2014 Sep 2014 1 Oct 2014 1 2
-0.03% Nov 2019 Nov 2019 1 Dec 2019 1 2
-0.02% Jan 2013 Jan 2013 1 Feb 2013 1 2

Worst drawdowns since January 2010.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-3.69% Jun 2021 Jun 2022 13 in progress 1 14
-0.82% Sep 2017 Feb 2018 6 Nov 2018 9 15
-0.71% Jul 2016 Nov 2016 5 Aug 2017 9 14
-0.44% Nov 2010 Dec 2010 2 May 2011 5 7
-0.43% Oct 2015 Dec 2015 3 Jan 2016 1 4
-0.23% Dec 2014 Dec 2014 1 Jan 2015 1 2
-0.22% Feb 2015 Feb 2015 1 Apr 2015 2 3
-0.17% Sep 2019 Sep 2019 1 Oct 2019 1 2
-0.17% Mar 2010 Mar 2010 1 Apr 2010 1 2
-0.15% Mar 2014 Mar 2014 1 May 2014 2 3
-0.15% Sep 2011 Sep 2011 1 Apr 2012 7 8
-0.15% May 2013 Aug 2013 4 Sep 2013 1 5
-0.15% May 2016 May 2016 1 Jun 2016 1 2
-0.11% Sep 2012 Oct 2012 2 Dec 2012 2 4
-0.10% Feb 2021 Mar 2021 2 May 2021 2 4
-0.08% Aug 2015 Aug 2015 1 Sep 2015 1 2
-0.07% Jun 2014 Jun 2014 1 Aug 2014 2 3
-0.06% Jul 2019 Jul 2019 1 Aug 2019 1 2
-0.05% Aug 2020 Oct 2020 3 Jan 2021 3 6
-0.05% Jun 2012 Jun 2012 1 Jul 2012 1 2

Rolling Returns ( more details)

Vanguard Short-Term Treasury Index (VGSH) ETF: annualized rolling and average returns

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Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
0.97 5.49
Apr 2019 - Mar 2020
-3.58
May 2021 - Apr 2022
16.43%
2 Years
1.07 4.17
May 2018 - Apr 2020
-1.77
Jul 2020 - Jun 2022
7.03%
3 Years
1.10 2.83
Mar 2018 - Feb 2021
0.15
Jul 2019 - Jun 2022
0.00%
5 Years
0.99 1.84
Jan 2016 - Dec 2020
0.39
May 2013 - Apr 2018
0.00%
7 Years
0.97 1.50
Sep 2013 - Aug 2020
0.45
Sep 2011 - Aug 2018
0.00%
10 Years
1.10 1.36
Apr 2010 - Mar 2020
0.70
Jul 2012 - Jun 2022
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Vanguard Short-Term Treasury Index (VGSH) ETF: Rolling Returns page.

Seasonality

Vanguard Short-Term Treasury Index (VGSH) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Win %
0.13
69%
0.04
54%
0.05
54%
0.07
85%
0.22
85%
0.05
38%
0.11
77%
0.15
58%
0.00
42%
0.03
50%
-0.03
50%
0.07
58%
Best
Year
0.8
2010
0.9
2020
1.3
2020
0.3
2011
0.8
2019
0.7
2016
0.4
2022
0.8
2019
0.3
2015
0.4
2019
0.4
2018
0.8
2018
Worst
Year
-0.7
2022
-0.4
2022
-1.4
2022
-0.5
2022
-0.1
2016
-0.6
2022
-0.1
2016
-0.2
2016
-0.2
2019
-0.3
2021
-0.5
2016
-0.2
2010
Statistics calculated for the period Jan 2010 - Jul 2022

Monthly/Yearly Returns

Vanguard Short-Term Treasury Index (VGSH) ETF monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
91 Positive Months (60%) - 60 Negative Months (40%)
Jan 2010 - Jul 2022
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-2.65 -8.39 -0.7 -0.4 -1.4 -0.5 0.6 -0.6 0.4
2021
-0.60 -7.13 0.0 0.0 -0.1 0.1 0.1 -0.2 0.2 0.0 -0.1 -0.3 -0.1 -0.2
2020
+3.04 +1.66 0.6 0.9 1.3 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0
2019
+3.52 +1.21 0.2 0.1 0.6 0.2 0.8 0.5 -0.1 0.8 -0.2 0.4 0.0 0.2
2018
+1.55 -0.35 -0.3 0.0 0.2 -0.2 0.4 0.0 0.0 0.4 -0.2 0.1 0.4 0.8
2017
+0.04 -2.03 -0.2 0.1 0.1 0.2 0.1 -0.1 0.2 0.2 -0.2 -0.1 -0.2 0.0
2016
+1.10 -0.95 0.6 0.1 0.2 0.0 -0.1 0.7 -0.1 -0.2 0.2 -0.1 -0.5 0.4
2015
+0.51 -0.22 0.5 -0.2 0.2 0.1 0.1 0.0 0.1 -0.1 0.3 -0.1 -0.2 -0.1
2014
+0.46 -0.30 0.1 0.1 -0.2 0.1 0.1 -0.1 0.0 0.1 0.0 0.2 0.1 -0.2
2013
+0.32 -1.16 0.0 0.1 0.0 0.1 -0.1 0.0 0.1 -0.1 0.2 0.1 0.0 0.0
2012
+0.38 -1.34 0.0 0.0 -0.1 0.2 0.0 -0.1 0.1 0.1 0.0 -0.1 0.1 0.0
2011
+1.47 -1.45 0.2 0.0 -0.1 0.3 0.5 0.0 0.3 0.4 -0.2 0.0 0.1 0.0
2010
+2.29 +0.78 0.8 0.2 -0.2 0.2 0.5 0.5 0.1 0.3 0.1 0.3 -0.2 -0.2
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