A side-by-side comparison of Vanguard Short-Term Corporate Bond Index Fund ETF Shares (VCSH) and VictoryShares USAA Core Short-Term Bond ETF (USTB) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | VCSH | USTB |
|---|---|---|
| YTD Return | -0.89% | +0.09%✓ |
| 1-Day Change | -0.16% | +0.18%✓ |
| 1-Week Change | -0.21% | +0.14%✓ |
| 1-Month Change | -1.22% | -0.53%✓ |
| Current Price | $77.13 | $49.97 |
| AUM | $44.38B✓ | $2.63B |
| MER (Expense Ratio) | 0.04%✓ | 0.35% |
| Dividend Yield | 4.47% | 4.55%✓ |
| Distribution Frequency | NA | — |
| Inception Date | 2009-11-19 | 2017-10-24 |
| Holdings Count | 466 | 6 |
| MorningStar Rating | ★★★★ | ★★★★★ |
| Category | Short-Term Bond | Short-Term Bond |
| Beta | 0.41 | 0.27 |
| 52-Week High | $78.18 | $50.36 |
| 52-Week Low | $76.21 | $48.74 |
| 50-Day MA | $78.25 | $50.31 |
| 200-Day MA | $79.07 | $50.61 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | VCSH | USTB |
|---|---|---|
| YTD | -0.89% | +0.09%✓ |
| 1 Year | +1.43% | +2.67%✓ |
| 3 Year | +5.26% | +5.63%✓ |
| 5 Year | +2.19% | +3.46%✓ |
| 10 Year | +2.53% | — |
| 1Y Volatility | 1.38% | 0.91% |
| Sharpe Ratio (3Y) | 0.34 | 0.73 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | V | Visa Inc. Class A | 0.13% |
| 2 | TAP | Molson Coors Brewing Co Class B | 0.10% |
| 3 | CARR | Carrier Global Corp | 0.09% |
| 4 | DD | Dupont De Nemours Inc | 0.08% |
| 5 | BIIB | Biogen Inc | 0.08% |
| 6 | MDT | Medtronic PLC | 0.08% |
| 7 | CHTR | Charter Communications Inc | 0.07% |
| 8 | ETN | Eaton Corporation PLC | 0.07% |
| 9 | OTIS | Otis Worldwide Corp | 0.07% |
| 10 | STLA | Stellantis NV | 0.07% |
| 1 | US25746UDM80 | D 4.35 | 0.39% |
| 2 | US06055HAB96 | BAC 6.125 | 0.36% |
| 3 | US446150AV63 | HBAN 4.45 | 0.33% |
| 4 | US320808AD01 | US320808AD01 | 0.31% |
| 5 | US665859AQ77 | NTRS 4.6 | 0.27% |
| 6 | US902973AZ90 | USB 5.3 | 0.22% |
Sector Weights
| Sector | VCSH | USTB |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About VCSH
The fund manager employs an indexing investment approach designed to track the performance of the Bloomberg U.S. 1-5 Year Corporate Bond Index, which includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable debt securities issued by U.S. and non-U.S. industrial, utility, and financial companies, all with maturities between 1 and 5 years. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the bonds th…
About USTB
Under normal circumstances, the fund invests at least 80% of its assets in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It may invest up to 20% of its net assets in foreign debt securities, including non-U.S. dollar-denominated securities and securities of companies in emerging market countries (i.e., those that are in the early stages of their industrial cycles).
Which ETF is Right for You?
Both VCSH and USTB are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, USTB scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between VCSH and USTB?
VCSH (Vanguard Short-Term Corporate Bond Index Fund ETF Shares) and USTB (VictoryShares USAA Core Short-Term Bond ETF) are both Canadian-listed ETFs. Key differences include their AUM ($44.38B vs $2.63B), dividend yield (4.47% vs 4.55%), and year-to-date performance (-0.89% vs +0.09%).
Is VCSH better than USTB?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy VCSH and USTB on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both VCSH and USTB should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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