ETF Explorer/Bonds & Fixed Income/VCSH

VCSH

NYSE

Vanguard Short-Term Corp Bond

Issued by Vanguard · Bonds & Fixed Income

$78.63

0.03% today

Today

+0.03%

3 Month

-0.11%

YTD

+0.40%

1 Year

+4.45%

Price Chart

251 trading days · Use "Compare" tab to overlay other ETFs + regimes

Price History

Compare — add ETFs, toggle regime overlay

Base 100 = start of period
VCSH

Technical Analysis

Technical Signals

Daily closes · 1-year data

ETF Structural Score

ETF Score evaluates fund wrapper quality, historical performance, and macro regime fit. Not financial advice.

Key Statistics

AUM

Expense Ratio

0.04%

Trailing Yield

Equity

Fixed Income

Issuer

Vanguard

vs S&P 500 (SPY) — 1 Year

Beta

0.06

VCSH moves 94% less than the S&P 500. Lower market sensitivity — more defensive.

Correlation to SPY

0.38

Low correlation — moves more independently. Adding this alongside SPY reduces portfolio volatility.

Annualised Volatility

1.9%

Standard deviation of daily returns annualised. S&P 500 long-run avg ≈ 15%. At 2%, VCSH is more stable than the broad market — typical of bond/defensive ETFs.

Relative Performance — VCSH vs SPY (base 100)

Base: 100 (day 1)
VCSH: 104.5
SPY: 124.7
Alpha: -20.23 (underperformed)

About VCSH

Short-duration investment grade corporate bonds.

Macro Regime Alignment

Historical analysis of which macro regimes have favoured VCSH. Based on the regime's characteristic interest rate environment, growth conditions, and sector rotation patterns.

Rate Hike Cycle

Fed Funds ↑↑ · Tightening

The Fed is raising rates aggressively. Duration gets crushed. Leveraged assets and growth stocks suffer most. Short-term bonds and cash finally earn yield.

Stagflation

Growth ↓ · Inflation ↑

The most damaging regime: slowing growth while prices keep rising. The Fed faces a cruel dilemma. Gold and short bonds are the few safe havens.

Current regime: Inflationary Boom — this ETF is not historically among the strongest performers in the current macro environment. Consider checking which ETFs are regime-aligned on the ETF Explorer.

Disclaimer: All data sourced from Yahoo Finance and is for informational purposes only. Holdings, sector weights, and AUM update daily but may lag official fund disclosures. Performance figures are price-based and do not include dividends. Regime alignment reflects historical observations and does not guarantee future returns. Nothing on this page constitutes investment advice. Always consult a qualified financial adviser before making investment decisions.

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