Data as of Oct 28, 2026.

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BSV vs VGSH: Differences, Returns & Fees

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BSV's duration was 2.5 years on Jun 30, 2026 and VGSH's 1.8 on May 31, 2026; both charge 0.03%.

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Net assets on Sep 30, 2026: $45.4bn for Vanguard Short-Term Bond ETF and $35.1bn for Vanguard Short-Term Treasury ETF.

At a glance
+1.0%
BSV total return, 1 year
+1.7%
VGSH total return, 1 year
0.03%
BSV expense ratio
0.03%
VGSH expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 0.7 points; BSV is 1.3 times larger.

Points (pts) are percentage points.

BSV vs VGSH: Differences, Returns & Fees
MeasureBSVVGSH
Return
Total return, 1 year+1.0%+1.7%
Benchmark
What it tracksBloomberg U.S. 1-5 Year Government/Credit Float Adjusted IndexBloomberg U.S. Treasury 1-3 Year Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$45.4bn$35.1bn
Holdings
Holdings in common39%

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method

Risk and return

Dec 4, 2009 to Oct 23, 2026 · 881 weekly returns
BSV VGSH
Return
Total return edge BSV +37.8% +26.7%
Annualized edge BSV +1.9% +1.4%
Price return edge VGSH −4.2% −3.7%
Risk
Volatility edge VGSH 2.0% 1.3%
Max drawdown edge VGSH −8.1% −5.5%
Risk-adjusted
Sharpe edge BSV 0.19 −0.09
Sortino edge BSV 0.28 −0.14
Calmar edge VGSH (slight) 0.23 0.26
Reading

BSV returned more: +37.8% to +26.7%. VGSH swung less: 1.3% to 2.0%. VGSH fell less at its worst: −5.5% to −8.1%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BSV vs VGSH: Differences, Returns & Fees
MeasureBSVVGSHEdgeHow it is measured
Return
Total return+37.8%+26.7%BSVPrice change plus distributions, reinvested.
Annualized+1.9%+1.4%BSVTotal return as a yearly rate.
Price return−4.2%−3.7%VGSHPrice change alone, distributions left out.
Risk
Volatility2.0%1.3%VGSHSpread of weekly returns, annualized. Lower is steadier.
Downside deviation1.4%0.9%VGSHLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−8.1%−5.5%VGSHDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.19−0.09BSVReturn above Treasury bills per unit of volatility.
Sortino0.28−0.14BSVReturn above Treasury bills per unit of downside deviation.
Calmar0.230.26VGSH (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 881 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

39%

By the books each fund has filed, BSV and VGSH hold 39% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.

0 half 100%

half

39% in common

Positions both hold · largest shared weight first BSV VGSH
US TREASURY N/B, due Jan 31, 2028 1.12% 2.24%
US TREASURY N/B, due Dec 31, 2027 0.89% 1.10%
US TREASURY N/B, due Mar 31, 2028 0.81% 1.17%
US TREASURY N/B, due Jul 15, 2027 0.80% 1.23%
US TREASURY N/B, due Jul 31, 2027 0.75% 1.35%
US TREASURY N/B, due Nov 30, 2027 0.75% 0.83%
US TREASURY N/B, due Oct 31, 2027 0.75% 1.04%
US TREASURY N/B, due Aug 31, 2027 0.75% 1.10%
US TREASURY N/B, due Apr 30, 2028 0.68% 0.99%
US TREASURY N/B, due Sep 30, 2027 0.63% 1.12%
US TREASURY N/B, due Apr 30, 2029 0.62% 1.40%
US TREASURY N/B, due Aug 15, 2027 0.57% 1.26%
Only in one fund ↓
Only in BSV
US TREASURY N/B, due Feb 28, 2030 0.88%
US TREASURY N/B, due Nov 15, 2030 0.79%
US TREASURY N/B, due May 31, 2031 0.78%
US TREASURY N/B, due Dec 31, 2029 0.77%
US TREASURY N/B, due Feb 15, 2031 0.77%
US TREASURY N/B, due Aug 15, 2030 0.75%
US TREASURY N/B, due Sep 30, 2029 0.74%
US TREASURY N/B, due Jul 31, 2029 0.72%
Only in VGSH
US TREASURY N/B, due Jun 15, 2027 1.29%
US TREASURY N/B, due May 15, 2027 1.26%
US TREASURY N/B, due May 15, 2027 1.20%
US TREASURY N/B, due May 31, 2027 1.11%
US TREASURY N/B, due May 31, 2027 0.92%
US TREASURY N/B, due Jun 30, 2027 0.70%
US TREASURY N/B, due May 31, 2027 0.59%
Check overlap with more funds →

Side by side

BSV Vanguard Short-Term Bond ETF VGSH Vanguard Short-Term Treasury ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of Short-Term Bond Tracks an index of Short-Term Treasury
Total return, 1 year +1.0% +1.7%
Its benchmark over the same days not measured +1.8% (SCHO)
Gap to its benchmark not measured −0.1 pts vs SCHO
Expense ratio 0.03% 0.03%
Holdings 3157 93
Net assets, as of Sep 30, 2026 $45.4bn $35.1bn

BSV and VGSH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-20FEBF1A34

BSV and VGSH do different jobs. What does each one do in a portfolio?

  1. What each follows. BSV follows Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index and VGSH follows Bloomberg U.S. Treasury 1-3 Year Index.
  2. Holdings in common. 39% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 31, 2026).
  3. Number of holdings. BSV holds 3,157 positions and VGSH holds 93.

Data as of Oct 28, 2026.

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About each fund
BSV

BSV tracks an index of Short-Term Bond. Over the year to Oct 28, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

VGSH

VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year Index.

Questions people ask

Which returned more over the last year, BSV or VGSH?
In the year to Oct 28, 2026, with distributions reinvested, BSV returned +1.0% and VGSH +1.7%.
Which is cheaper, BSV or VGSH?
Neither: BSV and VGSH both charge 0.03% a year. Fees come from each fund's prospectus.
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Cite this pageCitation, APA and Markdown

ETFIQ, BSV against VGSH, data as of Oct 28, 2026. https://etfiq.com/compare/any/bsv-vs-vgsh

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.