Vanguard Short-Term Treasury ETF

VGSH

Market cap $29.1B

For decades, the playbook for high-income investors was almost reflexive: put municipal bonds in your taxable account, put Treasuries and corporates in your IRA.

President Donald Trump's room to wage war while maneuvering on economic policy is being tested by a force largely beyond his control: the bond market.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." Chapters: 00:00:00 - MLIV 00:00:01 - Bond Market Selloffs, Inflation Concerns 00:01:44 - Buy the Dip?

Geopolitical risks and rate outlook boost appeal of short-term U.S. Treasury ETFs as investors seek stability amid volatile equity and oil markets.

Your retirement check is about to get squeezed by a Fed civil war you did not vote for.

Both funds charge the same very low expense ratio and offer identical 3.9% yields as of mid-April 2026. BSV is larger, holds fewer bonds, and has outperformed VGSH over the past year, but with a deeper historical drawdown.

VGSH and SCHO share identical expenses and similar short-term U.S. Treasury bond strategies Both funds posted a -0.2% total return over the past year, with nearly matching risk and drawdown profiles VGSH commands a larger assets under management (AUM), while SCHO holds slightly more positions and is nearly as liquid

SMB has a higher expense ratio and lower asset size than VGSH. VGSH has a higher trailing 12-month yield.

Both funds charge an identical ultra-low expense ratio, but Vanguard Short-Term Corporate Bond ETF offers a slightly higher yield. VCSH has outperformed VGSH over the past year but carries a higher maximum drawdown and volatility.

ISTB charges a slightly higher expense ratio but offers broader bond diversification and a marginally higher yield. VGSH experienced a milder max drawdown and holds more in U.S. Treasury securities, while ISTB includes some credit and sector exposure.