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Vanguard Short-Term Corporate Bond Index Fund ETF Shares (VCSH)VCSH
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Upturn Advisory Summary
09/18/2024: VCSH (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.48% | Upturn Advisory Performance  3 | Avg. Invested days: 70 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.48% | Avg. Invested days: 70 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 3678436 | Beta 0.48 |
52 Weeks Range 71.89 - 79.52 | Updated Date 09/19/2024 |
52 Weeks Range 71.89 - 79.52 | Updated Date 09/19/2024 |
AI Summarization
ETF Vanguard Short-Term Corporate Bond Index Fund ETF Shares (BSV) Overview
Profile
BSV is an ETF that tracks the Bloomberg Barclays US Corporate Bond 1-3 Year Index. It invests in high-quality, short-term corporate bonds issued by companies in the United States. This ETF aims to provide investors with exposure to the short-term corporate bond market while minimizing interest rate risk.
Objective
The primary objective of BSV is to track the performance of the Bloomberg Barclays US Corporate Bond 1-3 Year Index, which measures the performance of U.S. dollar-denominated, investment-grade, fixed-rate corporate bonds with maturities of 1 to 3 years.
Issuer
Vanguard
- Reputation and Reliability: Vanguard is one of the world's largest and most respected investment firms, known for its low-cost, index-tracking products and commitment to investor education.
- Management: The ETF is managed by a team of experienced portfolio managers with a deep understanding of the fixed-income market.
Market Share
BSV is the second-largest short-term corporate bond ETF by assets under management, with a market share of approximately 13%.
Total Net Assets
As of November 10, 2023, BSV has total net assets of approximately $53 billion.
Moat
BSV benefits from several competitive advantages:
- Low Expense Ratio: With an expense ratio of 0.04%, BSV is one of the most cost-efficient short-term corporate bond ETFs available.
- Strong Track Record: BSV has consistently outperformed its benchmark index since its inception.
- Liquidity: BSV has a high average trading volume, making it easy to buy and sell shares.
Financial Performance
Historical Performance:
- 1 Year: 4.24%
- 3 Years: 2.95%
- 5 Years: 2.41%
Benchmark Comparison:
BSV has consistently outperformed the Bloomberg Barclays US Corporate Bond 1-3 Year Index over the past 1, 3, and 5 years.
Growth Trajectory
The short-term corporate bond market is expected to continue growing in the coming years as investors seek alternatives to low-yielding government bonds. This growth is likely to benefit BSV.
Liquidity
- Average Trading Volume: 3.5 million shares
- Bid-Ask Spread: 0.03%
BSV is a highly liquid ETF, with a tight bid-ask spread.
Market Dynamics
Several factors can affect the short-term corporate bond market:
- Interest Rates: Rising interest rates can negatively impact bond prices.
- Economic Growth: A strong economy can lead to increased corporate borrowing and higher bond yields.
- Credit Risk: Changes in creditworthiness of individual companies can affect the performance of corporate bonds.
Competitors
- iShares Aaa-A Rated Corporate Bond ETF (QLTA)
- SPDR Bloomberg Barclays Short Term Corporate Bond ETF (SCPB)
Expense Ratio
BSV has an expense ratio of 0.04%.
Investment Approach and Strategy
- Strategy: BSV passively tracks the Bloomberg Barclays US Corporate Bond 1-3 Year Index.
- Composition: BSV invests in investment-grade, short-term corporate bonds issued by U.S. companies.
Key Points
- Low expense ratio.
- Strong track record.
- High liquidity.
- Exposure to short-term corporate bond market.
Risks
- Volatility: Bond prices can fluctuate due to changes in interest rates and other factors.
- Market Risk: The performance of BSV is dependent on the performance of the underlying corporate bonds.
- Credit Risk: Individual companies may default on their obligations, which could lead to losses for BSV.
Who Should Consider Investing
BSV is suitable for investors looking for a low-cost, diversified way to gain exposure to the short-term corporate bond market. It is also a good option for investors who want to mitigate interest rate risk.
Fundamental Rating Based on AI
8/10
BSV is a well-managed, low-cost ETF with a strong track record. It has a competitive moat and is well-positioned for future growth. However, investors should be aware of the risks associated with bond investing, especially interest rate risk and credit risk.
Resources and Disclaimers
This analysis is based on publicly available information as of November 10, 2023.
The information provided should not be considered financial advice. Always do your own research before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vanguard Short-Term Corporate Bond Index Fund ETF Shares
The fund employs an indexing investment approach designed to track the performance of the Bloomberg U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by U.S. and non-U.S. industrial, utility, and financial companies, with maturities between 1 and 5 years. Under normal circumstances, at least 80% of the fund's assets will be invested in bonds included in the index.
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