Data as of Oct 28, 2026.

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VGSH vs VUG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VGSH returned +1.7% to VUG's +6.6%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $35.1bn for Vanguard Short-Term Treasury ETF and $232.9bn for Vanguard Morningstar Growth ETF.

At a glance
+1.7%
VGSH total return, 1 year
+6.6%
VUG total return, 1 year
0.03%
VGSH expense ratio
0.03%
VUG expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 4.9 points; VUG is 6.6 times larger.

Points (pts) are percentage points.

VGSH vs VUG: Differences, Returns & Fees
MeasureVGSHVUG
Return
Total return, 1 year+1.7%+6.6%
Drawdown
Below its high4.1%, high on Oct 6, 2026
Benchmark
What it tracksBloomberg U.S. Treasury 1-3 Year IndexMorningstar US Large Cap Growth Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$35.1bn$232.9bn
Holdings
Holdings in common0%
In the S&P 500, by weight97%
Top ten holdings, share of the fund63.1%

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

Risk and return

Dec 4, 2009 to Oct 23, 2026 · 881 weekly returns
VGSH VUG
Return
Total return edge VUG +26.7% +1,086.3%
Annualized edge VUG +1.4% +15.7%
Price return edge VUG −3.7% +899.7%
Risk
Volatility edge VGSH 1.3% 18.4%
Max drawdown edge VGSH −5.5% −35.6%
Risk-adjusted
Sharpe edge VUG −0.09 0.80
Sortino edge VUG −0.14 1.19
Calmar edge VUG 0.26 0.44
Reading

VUG returned more: +1,086.3% to +26.7%. VGSH swung less: 1.3% to 18.4%. VGSH fell less at its worst: −5.5% to −35.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VGSH vs VUG: Differences, Returns & Fees
MeasureVGSHVUGEdgeHow it is measured
Return
Total return+26.7%+1,086.3%VUGPrice change plus distributions, reinvested.
Annualized+1.4%+15.7%VUGTotal return as a yearly rate.
Price return−3.7%+899.7%VUGPrice change alone, distributions left out.
Risk
Volatility1.3%18.4%VGSHSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.9%12.4%VGSHLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−5.5%−35.6%VGSHDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.090.80VUGReturn above Treasury bills per unit of volatility.
Sortino−0.141.19VUGReturn above Treasury bills per unit of downside deviation.
Calmar0.260.44VUGAnnualized 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

0%

By the books each fund has filed, VGSH and VUG 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 VGSH VUG
MKTLIQ 0.20% 0.05%
Only in one fund ↓
Only in VGSH
United States Treasury Note/Bond 2.07%
United States Treasury Note/Bond 1.43%
United States Treasury Note/Bond 1.39%
United States Treasury Note/Bond 1.37%
United States Treasury Note/Bond 1.35%
United States Treasury Note/Bond 1.34%
United States Treasury Note/Bond 1.33%
United States Treasury Note/Bond 1.33%
Only in VUG
NVIDIA Corp 13.49%
Apple Inc 12.51%
Microsoft Corp 9.74%
Alphabet Inc 5.16%
Broadcom Inc 4.34%
Amazon.com Inc 4.26%
Meta Platforms Inc 4.23%
Alphabet Inc 4.09%
Check overlap with more funds →

Side by side

VGSH Vanguard Short-Term Treasury ETF VUG Vanguard Morningstar Growth ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Short-Term Treasury Tracks an index of US growth
Total return, 1 year +1.7% +6.6%
Its benchmark over the same days +1.8% (SCHO) not measured
Gap to its benchmark −0.1 pts vs SCHO not measured
Expense ratio 0.03% 0.03%
Holdings 93 137
Net assets, as of Sep 30, 2026 $35.1bn $232.9bn

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

Client brief · page 1 of 2 Report BR-32CC2E1A2F

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

  1. What each follows. VGSH follows Bloomberg U.S. Treasury 1-3 Year Index and VUG follows Morningstar US Large Cap Growth 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 VGSH returned +1.7% and VUG +6.6% with distributions reinvested, a gap of 4.9 points.

Data as of Oct 28, 2026.

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About each fund
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. The prospectus expense ratio is 0.03% a year.

VUG

VUG tracks an index of US growth. Over the year to Oct 28, 2026 it returned +6.6% with distributions reinvested. By its holdings published by its issuer as of Sep 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 137 positions, with the top ten at 63.1%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VGSH or VUG?
In the year to Oct 28, 2026, with distributions reinvested, VGSH returned +1.7% and VUG +6.6%.
Which is cheaper, VGSH or VUG?
Neither: VGSH and VUG both charge 0.03% a year. Fees come from each fund's prospectus.
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ETFIQ, VGSH against VUG, data as of Oct 28, 2026. https://etfiq.com/compare/any/vgsh-vs-vug

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