VBK vs GOVT

Comparison between VANGUARD SMALL-CAP GROWTH INDEX FUND ETF SHARES (VBK, ETF) and ISHARES U.S. TREASURY BOND ETF (GOVT, ETF).

5-Year PerformanceVBK has outperformed GOVT, delivering a return of +5.2% compared to -0.8%

VBK vs GOVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VBK(ETF)	GOVT(ETF)
Net Assets	$44B	$44B
Expense Ratio	0.05%	0.05%
Max Drawdown	59.36%	23.67%
Sharpe Ratio	1.16	-0.62
5Y Beta	1.20	0.01
P/E Ratio	132.64	N/A
Forward P/E	25.13	N/A
5Y Dividends CAGR	8.54%	9.28%
Debt to Equity	248.08%	N/A
P/S Ratio	2.76	N/A
P/B Ratio	4.41	N/A

Net Assets

Winner

VBK

$44B

GOVT

$44B

Expense Ratio

VBK

0.05%

GOVT

0.05%

Max Drawdown

VBK

59.36%

Winner

GOVT

23.67%

Sharpe Ratio

Winner

VBK

1.16

GOVT

-0.62

5Y Beta

VBK

1.20

Winner

GOVT

0.01

P/E Ratio

VBK

132.64

GOVT

N/A

Forward P/E

VBK

25.13

GOVT

N/A

5Y Dividends CAGR

VBK

8.54%

Winner

GOVT

9.28%

Debt to Equity

VBK

248.08%

GOVT

N/A

P/S Ratio

VBK

2.76

GOVT

N/A

P/B Ratio

VBK

4.41

GOVT

N/A

VBK vs GOVT - Historical Returns

Returns include dividend reinvestment.

Period	VBK	GOVT
1 month	+1.81%	-0.16%
3 months	+5.76%	-0.34%
6 months	+14.23%	-0.60%
1 year	+29.45%	+1.65%
5 years(CAGR)	+5.24%	-0.77%
10 years(CAGR)	+11.38%	+0.75%
Max(CAGR)	+9.98%	+1.22%

Winner

VBK

+1.81%

GOVT

-0.16%

Winner

VBK

+5.76%

GOVT

-0.34%

Winner

VBK

+14.23%

GOVT

-0.60%

Winner

VBK

+29.45%

GOVT

+1.65%

5Y(CAGR)

Winner

VBK

+5.24%

GOVT

-0.77%

10Y(CAGR)

Winner

VBK

+11.38%

GOVT

+0.75%

Max(CAGR)

Winner

VBK

+9.98%

GOVT

+1.22%

VBK vs GOVT - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	VBK	GOVT
2026	+17.72%	-0.19%
2025	+8.29%	+6.15%
2024	+17.96%	+3.27%
2023	+22.53%	+3.62%
2022	-28.70%	-11.87%
2021	+7.63%	-1.60%
2020	+34.73%	+7.08%
2019	+33.46%	+6.49%
2018	-6.53%	+0.54%
2017	+21.21%	+2.19%
2016	+12.95%	+0.60%
2015	-2.40%	+0.32%
2014	+5.05%	+4.75%
2013	+34.65%	-2.37%
2012	+16.32%	+2.23%
2011	-3.15%	N/A
2010	+28.14%	N/A
2009	+38.51%	N/A
2008	-39.30%	N/A
2007	+10.06%	N/A
2006	+10.29%	N/A
2005	+10.57%	N/A
2004	+10.26%	N/A

VBK vs GOVT Drawdown Comparison

The maximum drawdown for VBK was -58.69%, occurring on Mar 9, 2009. Recovery took 796 trading sessions.

The maximum drawdown for GOVT was -19.07%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current VBK drawdown is -1.39%. The current GOVT drawdown is -7.29%.

Rank	VBK	GOVT
#1	-58.69% Oct 10, 2007 - Dec 7, 2010	-19.07% Aug 4, 2020 - Oct 19, 2023
#2	-38.71% Feb 20, 2020 - Jul 29, 2020	-5.87% Jul 8, 2016 - May 13, 2019
#3	-38.39% Nov 8, 2021 - Nov 25, 2024	-4.56% Mar 9, 2020 - Apr 21, 2020
#4	-28.93% Jul 7, 2011 - Sep 7, 2012	-4.55% May 1, 2013 - Oct 8, 2014
#5	-27.54% Dec 4, 2024 - Sep 18, 2025	-3.54% Jan 30, 2015 - Jan 29, 2016
#6	-26.61% Jun 23, 2015 - Dec 8, 2016	-2.63% Sep 4, 2019 - Jan 29, 2020
#7	-25.96% Sep 4, 2018 - Jul 3, 2019	-2.14% Apr 21, 2020 - Jul 23, 2020
#8	-18.24% Apr 5, 2004 - Nov 12, 2004	-1.93% Jul 25, 2012 - May 1, 2013
#9	-16.98% May 8, 2006 - Feb 1, 2007	-1.93% Mar 8, 2012 - Apr 23, 2012
#10	-13.64% Feb 12, 2021 - Nov 1, 2021	-1.74% Feb 11, 2016 - Apr 7, 2016
#11	-13.23% Mar 4, 2014 - Feb 5, 2015	-1.27% Apr 7, 2016 - May 13, 2016
#12	-11.44% Jan 22, 2026 - Apr 15, 2026	-1.25% Jun 1, 2012 - Jul 16, 2012
#13	-10.96% Jul 19, 2007 - Oct 5, 2007	-1.16% Oct 15, 2014 - Dec 12, 2014
#14	-10.15% Apr 29, 2011 - Jul 7, 2011	-1.07% Dec 16, 2014 - Jan 5, 2015
#15	-9.88% Sep 14, 2012 - Jan 2, 2013	-0.97% Jul 3, 2019 - Aug 1, 2019

Correlation

Correlation between VBK and GOVT is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2004 - 2026)

VBK vs GOVT dividend yield comparison.

Year	VBK	GOVT
2026	0.20%	2.14%
2025	0.54%	3.49%
2024	0.54%	3.14%
2023	0.68%	2.65%
2022	0.55%	1.77%
2021	0.36%	0.95%
2020	0.44%	2.17%
2019	0.57%	1.98%
2018	0.79%	1.97%
2017	0.82%	1.57%
2016	1.08%	1.40%
2015	0.98%	1.25%
2014	1.01%	1.17%
2013	0.65%	0.94%
2012	1.04%	0.85%
2011	0.55%	0.00%
2010	0.46%	0.00%
2009	0.40%	0.00%
2008	1.04%	0.00%
2007	0.58%	0.00%
2006	0.41%	0.00%
2005	0.37%	0.00%
2004	0.16%	0.00%