VGSH
Vanguard Short-Term Treasury ETF
Vanguard Short-Term Government Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Barclays Capital US 1-3 Year Government Float Adjusted Bond Index.
Government
FIXED INCOME
Passive
MANAGEMENT STYLE
22.8 B
ASSETS UNDER MGMT
4 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | Government |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Nov 19, 2009 |
| Assets (mns) | $22,771 |
| Expense ratio | 4 bp |
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| U.S. TREASURY NOTES | 1.7 % |
| U.S. TREASURY NOTES | 1.6 % |
| U.S. TREASURY NOTES | 1.5 % |
| U.S. TREASURY NOTES | 1.5 % |
| U.S. TREASURY NOTES | 1.5 % |
| U.S. TREASURY NOTES | 1.5 % |
| U.S. TREASURY NOTES | 1.4 % |
| U.S. TREASURY NOTES | 1.4 % |
| U.S. TREASURY NOTES | 1.4 % |
| U.S. TREASURY NOTES | 1.4 % |
Issuer Type Breakdown
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.6% | 0.1% | 0.7% | -0.3% | -1.2% | -0.4% | -- | -0.2% |
| Dividend Yield | 1.1% | 2.9% | 3.5% | 3.1% | 2.2% | 1.8% | -- | 1.4% |
| Total Returns | 1.7% | 3.0% | 4.2% | 2.8% | 1.0% | 1.4% | -- | 1.2% | Ann. Volatility | 1.8% | 1.9% | 1.8% | 2.2% | 1.9% | 1.6% | -- | 1.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.06 | 15% |
| MSCI EAFE | 0.07 | 28% |
| MSCI Emg Mkts | 0.07 | 26% |
Liquidity Measures
| Avg. volume (000) | 2,329 |
| ADV traded (mns) | $137 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $58.65 |
| 30d moving avg. | $58.40 |
| Annualized volatility | 2.2% |
| Relative strength (RSI) | 60 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Distribution Yield (Trailing 12 Months)
Expense Analysis
| Peer Group | Passive Government Fixed Income ETFs |
| # of ETFs | 25 |
| Avg. Expense Ratio | 16.6 bp |
| Std. Deviation | 18.7 bp |
| VGSH (4 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VGSH | 4.0 | 1.7 | 5.7 |
| Peer Avg. | 18.9 | 7.7 | 26.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .