Data as of Oct 28, 2026.

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VCSH vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VCSH returned +1.3% to VOO's +13.7%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $43.9bn for Vanguard Short-Term Corporate Bond ETF and $1.0tn for Vanguard S&P 500 ETF.

At a glance
+1.3%
VCSH total return, 1 year
+13.7%
VOO total return, 1 year
0.03%
VCSH expense ratio
0.03%
VOO expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 12.4 points; VOO is far larger, $1.0tn against $43.9bn.

Points (pts) are percentage points.

VCSH vs VOO: Differences, Returns & Fees
MeasureVCSHVOO
Return
Total return, 1 year+1.3%+13.7%
Benchmark
What it tracksBloomberg U.S. 1-5 Year Corporate Bond IndexS&P 500 Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$43.9bn$1.0tn
Holdings
Holdings in common0%
In the S&P 500, by weight100%
Top ten holdings, share of the fund39.1%

Holdings in common uses holdings dated Sep 30, 2026. Method

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
VCSH VOO
Return
Total return edge VOO +52.0% +804.0%
Annualized edge VOO +2.6% +14.6%
Price return edge VOO −0.6% +575.9%
Risk
Volatility edge VCSH 3.6% 15.9%
Max drawdown edge VCSH −11.3% −31.8%
Downside capture 98.3% 99.9%
Beta 0.95 1.00
Risk-adjusted
Sharpe edge VOO 0.30 0.84
Sortino edge VOO 0.42 1.22
Treynor −0.003 0.134
Calmar edge VOO 0.23 0.46
Against the benchmark
Alpha 0.0% a year 0.0% a year
Alpha t-stat −0.29 0.51
Information ratio −0.06 0.02
Tracking error 0.5% 0.4%

Each against its own benchmark: VCSH against SCHJ, Oct 18, 2019 to Oct 23, 2026; VOO against IVV, Sep 17, 2010 to Oct 23, 2026.

Reading

VOO returned more: +804.0% to +52.0%. VCSH swung less: 3.6% to 15.9%. VCSH fell less at its worst: −11.3% to −31.8%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: VCSH vs VOO: Differences, Returns & Fees
MeasureVCSHVOOEdgeHow it is measured
Return
Total return+52.0%+804.0%VOOPrice change plus distributions, reinvested.
Annualized+2.6%+14.6%VOOTotal return as a yearly rate.
Price return−0.6%+575.9%VOOPrice change alone, distributions left out.
Risk
Volatility3.6%15.9%VCSHSpread of weekly returns, annualized. Lower is steadier.
Downside deviation2.6%10.9%VCSHLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−11.3%−31.8%VCSHDeepest fall from a high to the low after it.
Upside capture98.3%99.8%Share of its benchmark's rise caught in the weeks it rose.
Downside capture98.3%99.9%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.951.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.991.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.300.84VOOReturn above Treasury bills per unit of volatility.
Sortino0.421.22VOOReturn above Treasury bills per unit of downside deviation.
Treynor−0.0030.134Return above Treasury bills per unit of beta.
Calmar0.230.46VOOAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkSCHJIVVThe ETF each fund is measured against.
Alpha0.0% a year0.0% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−0.290.51Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.4% to +0.3%−0.1% to +0.2%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.060.02Return against its benchmark per unit of tracking error.
Tracking error0.5%0.4%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, VCSH and VOO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VCSH VOO
MKTLIQ 0.68% 0.05%
Only in one fund ↓
Only in VCSH
Bank of America Corp 0.23%
Space Exploration Technologies Corp 0.22%
CVS Health Corp 0.20%
AbbVie Inc 0.20%
Amazon.com Inc 0.19%
Boeing Co 0.19%
T-Mobile USA Inc 0.19%
Wells Fargo & Co 0.18%
Only in VOO
NVIDIA Corp 8.40%
Apple Inc 7.39%
Microsoft Corp 5.79%
Amazon.com Inc 3.72%
Alphabet Inc 3.07%
Broadcom Inc 2.54%
Alphabet Inc 2.46%
Meta Platforms Inc 2.43%
Check overlap with more funds →

Side by side

VCSH Vanguard Short-Term Corporate Bond ETF VOO Vanguard S&P 500 ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Short-Term Corporate Bond Tracks the S&P 500
Total return, 1 year +1.3% +13.7%
Its benchmark over the same days +1.3% (SCHJ) +13.7% (IVV)
Gap to its benchmark 0.0 pts vs SCHJ 0.0 pts vs IVV
Expense ratio 0.03% 0.03%
Holdings 3064 507
Net assets, as of Sep 30, 2026 $43.9bn $1.0tn

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

Client brief · page 1 of 2 Report BR-A9A4C0EEB0

VCSH and VOO do different jobs. What does each one do in a portfolio?

  1. What each follows. VCSH follows Bloomberg U.S. 1-5 Year Corporate Bond Index and VOO follows S&P 500 Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VCSH returned +1.3% and VOO +13.7% with distributions reinvested, a gap of 12.4 points.

Data as of Oct 28, 2026.

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About each fund
VCSH

VCSH tracks an index of Short-Term Corporate Bond. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against +1.3% for its benchmark, the Bloomberg U.S. 1-5 Year Corporate Bond Index. The prospectus expense ratio is 0.03% a year.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, VCSH or VOO?
In the year to Oct 28, 2026, with distributions reinvested, VCSH returned +1.3% and VOO +13.7%.
Which is cheaper, VCSH or VOO?
Neither: VCSH and VOO both charge 0.03% a year. Fees come from each fund's prospectus.
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ETFIQ, VCSH against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vcsh-vs-voo

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