Which returned more over the last year, GVI or VCSH?

In the year to Nov 12, 2026, with distributions reinvested, GVI returned −0.2% and VCSH +1.3%.

Which is cheaper, GVI or VCSH?

VCSH is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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GVI vs VCSH: Differences, Returns & Fees

Return, fees and overlap, side by side.

Return gap

+1.5 pts

1 year to Nov 12, 2026: VCSH ahead, total return

Fee gap

0.17 pts

A year: GVI 0.20%, VCSH 0.03%, per filings dated Jun 18, 2026 and Jun 30, 2026

Overlap

15%

Share of the two books held in common, holdings dated Aug 31, 2026

Net flow

–

Needs daily flows for both funds

Risk and return

Jan 15, 2010 to Nov 6, 2026 · 877 weekly returns

GVI VCSH

Return

Total return edge VCSH +44.7% +59.1%

Annualized edge VCSH +2.2% +2.8%

Price return edge VCSH −1.9% +2.1%

Risk

Volatility edge GVI 3.1% 3.5%

Max drawdown edge VCSH (slight) −12.2% −11.3%

Downside capture 64.2% 98.3%

Beta 0.61 0.95

Risk-adjusted

Sharpe edge VCSH 0.22 0.36

Sortino edge VCSH 0.32 0.51

Treynor −0.002 −0.003

Calmar edge VCSH 0.18 0.25

Against the benchmark

Alpha −0.2% a year 0.0% a year

Alpha t-stat −0.71 −0.23

Information ratio −0.13 −0.05

Tracking error 2.3% 0.5%

Each against its own benchmark: GVI against IUSB, Jun 20, 2014 to Nov 6, 2026; VCSH against SCHJ, Oct 18, 2019 to Nov 6, 2026.

Reading

From Jan 2010 to Nov 2026, VCSH returned more: +59.1% to +44.7%. GVI swung less: 3.1% to 3.5%. VCSH fell slightly less at its worst: −11.3% to −12.2%.

Full scorecard

19 measures Open ↓

Risk and return: GVI vs VCSH: Differences, Returns & Fees
Measure	GVI	VCSH	Edge	How it is measured
Return
Total return	+44.7%	+59.1%	VCSH	Price change plus distributions, reinvested.
Annualized	+2.2%	+2.8%	VCSH	Total return as a yearly rate.
Price return	−1.9%	+2.1%	VCSH	Price change alone, distributions left out.
Risk
Volatility	3.1%	3.5%	GVI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	2.2%	2.5%	GVI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−12.2%	−11.3%	VCSH (slight)	Deepest fall from a high to the low after it.
Upside capture	63.3%	98.4%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	64.2%	98.3%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.61	0.95	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.87	0.99	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.22	0.36	VCSH	Return above Treasury bills per unit of volatility.
Sortino	0.32	0.51	VCSH	Return above Treasury bills per unit of downside deviation.
Treynor	−0.002	−0.003		Return above Treasury bills per unit of beta.
Calmar	0.18	0.25	VCSH	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IUSB	SCHJ		The ETF each fund is measured against.
Alpha	−0.2% a year	0.0% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.71	−0.23	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−0.9% to +0.4%	−0.4% to +0.3%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.13	−0.05		Return against its benchmark per unit of tracking error.
Tracking error	2.3%	0.5%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 877 weekly returns. Cash rate: the 13-week Treasury bill.

Pair scorecard

VCSH costs 0.17 points a year less; their one-year returns differ by 1.5 points.

GVI vs VCSH: Differences, Returns & Fees
Measure	GVI	VCSH
Return
Measure	GVI	VCSH
Total return, 1 year	−0.2%	+1.3%
Benchmark
Measure	GVI	VCSH
What it tracks	Bloomberg U.S. Intermediate Government/Credit Bond Index	Bloomberg U.S. 1-5 Year Corporate Bond Index
Cost and size
Measure	GVI	VCSH
Expense ratio	0.20%	0.03%
Net assets, GVI as of Nov 12, 2026 and VCSH as of Oct 31, 2026	$3.8bn	$45.9bn
Holdings
Measure	GVI	VCSH
Holdings in common	15%

Method

Key numbers

−0.2%

GVI total return, 1 year

+1.3%

VCSH total return, 1 year

0.20%

GVI expense ratio

0.03%

VCSH expense ratio

What they share

15%

By the books each fund has filed, GVI and VCSH hold 15% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

15% in common

Positions both hold · largest shared weight first GVI VCSH

U.S. Treasury Notes, due Jul 31, 2028 0.08% 0.05%

T-Mobile USA Inc, due Apr 15, 2030 0.04% 0.19%

Bank of America Corp, due Dec 20, 2028 0.03% 0.23%

AbbVie Inc, due Nov 21, 2029 0.03% 0.20%

Goldman Sachs Group Inc/The, due Jan 21, 2032 0.03% 0.14%

CVS Health Corp, due Mar 25, 2028 0.03% 0.19%

Goldman Sachs Group Inc/The, due Jan 21, 2029 0.03% 0.10%

Boeing Co/The, due May 1, 2030 0.03% 0.19%

NVIDIA Corp, due Jun 15, 2031 0.03% 0.16%

Wells Fargo & Co, due Jul 25, 2029 0.03% 0.18%

Bank of America Corp, due Apr 22, 2032 0.02% 0.16%

Pfizer Investment Enterprises Pte Ltd, due May 19, 2028 0.02% 0.17%

Only in one fund ↓

Only in GVI

U.S. Treasury Notes, due Feb 15, 2034 0.74%

U.S. Treasury Notes, due May 15, 2035 0.74%

U.S. Treasury Notes, due Nov 15, 2034 0.73%

U.S. Treasury Notes, due Aug 15, 2035 0.73%

U.S. Treasury Notes, due May 15, 2036 0.72%

U.S. Treasury Notes, due Nov 15, 2035 0.72%

U.S. Treasury Notes, due Aug 15, 2034 0.71%

U.S. Treasury Notes, due Feb 15, 2036 0.69%

Only in VCSH

COMCAST CORP, due Oct 15, 2028 0.11%

SUMITOMO MITSUI, due Jul 8, 2031 0.06%

SMURFIT KAPPA, due Jan 15, 2030 0.06%

HSBC HOLDINGS, due Nov 22, 2027 0.06%

WESTPAC BANKING, due Nov 23, 2031 0.05%

DIAGEO INV CORP, due Aug 15, 2030 0.05%

VISTRA OPERATION, due Apr 30, 2031 0.05%

BLACKROCK FIN, due Jan 28, 2031 0.05%

Check overlap with more funds →

Side by side

GVI iShares Intermediate Government/Credit Bond ETF VCSH Vanguard Short-Term Corporate Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks an index Tracks an index of Short-Term Corporate Bond

Total return, 1 year −0.2% +1.3%

Its benchmark over the same days −1.0% (IUSB) +1.4% (SCHJ)

Gap to its benchmark +0.8 pts vs IUSB −0.1 pts vs SCHJ

Expense ratio 0.20% 0.03%

Holdings 6351 3063

Net assets, GVI as of Nov 12, 2026 and VCSH as of Oct 31, 2026 $3.8bn $45.9bn

GVI and VCSH on the fields both publish, as of Nov 12, 2026. Source: ETFIQ.

Client brief:

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About each fund

GVI

GVI tracks an index. Over the year to Nov 12, 2026 it returned −0.2% with distributions reinvested, against −1.0% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.20% a year.

VCSH

VCSH tracks an index of Short-Term Corporate Bond. Over the year to Nov 12, 2026 it returned +1.3% with distributions reinvested, against +1.4% for its benchmark, the Bloomberg U.S. 1-5 Year Corporate Bond Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, GVI or VCSH?: In the year to Nov 12, 2026, with distributions reinvested, GVI returned −0.2% and VCSH +1.3%.
Which is cheaper, GVI or VCSH?: VCSH is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BSV vs GVI GVI vs IGSB GVI vs SPIB GVI vs SPSB IBDU vs VCSH IBDT vs VCSH BSCS vs VCSH IBDV vs VCSH

Where to next

GVI on its own →VCSH on its own →Hold both: look the portfolio through →Rankings →GVI dividend history →GVI holdings →VCSH dividend history →VCSH holdings →Standards and sources →

Sources and dates

GVI filings on SEC EDGAR ↗

GVI prospectus with the expense ratio (SEC) ↗

iShares page for GVI ↗

VCSH filings on SEC EDGAR ↗

VCSH prospectus with the expense ratio (SEC) ↗

Vanguard page for VCSH ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, GVI against VCSH, data as of Nov 12, 2026. https://etfiq.com/compare/any/gvi-vs-vcsh

Open data →

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

Net assets: $3.8bn on Nov 12, 2026 for iShares Intermediate Government/Credit Bond ETF, and $45.9bn on Oct 31, 2026 for Vanguard Short-Term Corporate Bond ETF.

GVI on its own →VCSH on its own →

Growth of 100

GVI and VCSH

Total return, distributions reinvested, 1 year.

GVI −0.2%VCSH +1.3%

Nov 12, 2025Nov 12, 2026

GVI −0.2%, VCSH +1.3%: VCSH +1.5 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.