Vanguard Short-Term Corporate Bond ETF

VCSH Fund · Nasdaq

Market statistics

Annualised volatility 1.9%
Beta vs SPY 0.07
Market correlation 0.438
Rate sensitivity -0.85
Volatility sensitivity -0.31
Traded per day $278.9M

Measured from daily returns over the past year. That is not the same estimator as the beta quoted on most finance sites, which is usually five years of monthly returns, and in a market where single stocks move on their own news the daily figure comes out materially lower. Over this window the average large-cap correlation to the index is far below its long-run level: a low number here is a statement about the last twelve months, not a claim that the security is uncorrelated with the market in general.

Short selling — three different measurements

Shares short 5.1M
Days to cover 1.4
Change vs prior +0.4%
Short share of volume 54.4%
Largest fail balance 446,546
Dates with a fail balance 35

These measure different things and are routinely confused. Shares short is an outstanding position, reported twice monthly (settlement 2026-08-14). Short share of volume counts sell-side transactions flagged short each day, most of which is market-maker hedging closed the same session — the market-wide median is around half. Fail balances are shares that did not settle on time; the SEC states these are cumulative balances whose age cannot be determined, and they are not evidence of naked short selling.

Ownership

Institutions reporting a position 1,465
Reported value $26.47B

Largest reported holdersamong the managers stored here

ManagerReported valueShares
BANK OF AMERICA CORP /DE/ $5.99B 75,626,302
ENVESTNET ASSET MANAGEMENT INC $586.2M 7,395,550
Sequoia Financial Advisors, LLC $291.4M 3,675,562
MANUFACTURERS LIFE INSURANCE COMPANY, THE $241.4M 3,045,542
Financial Engines Advisors L.L.C. $234.7M 2,960,848
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO $193.6M 2,442,893
Corient Private Wealth LLC $172.1M 2,171,325
Cerity Partners LLC $141.9M 1,790,600

On the public record

Moves most like

Ticker1-year correlationVolatility vs VCSH
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF 0.979 1.01×
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF 0.965 1.49×
BSCU Invesco BulletShares 2030 Corporate Bond ETF 0.954 1.50×
SCHJ Schwab 1-5 Year Corporate Bond ETF 0.953 1.00×
SKOR Northern Trust Credit-Scored US Corporate Bond ETF 0.952 1.41×
DFSD Dimensional Short-Duration Fixed Income ETF 0.952 1.03×
BSV Vanguard Short-Term Bond ETF 0.949 0.92×
IBDV iShares iBonds Dec 2030 Term Corporate ETF 0.949 1.44×

What is on this page

Everything this site holds about one security, from sources that are all public record. The figures come from different places and mean different things, so each block says where it came from.

What is deliberately absent

No price, no chart, no market capitalisation, no valuation ratio. The daily price history behind the statistics above is licensed from a commercial vendor and cannot be republished — and publishing a market cap alongside a share count would hand the price straight back. Every number here is either a public filing or a statistic from which the underlying series cannot be reconstructed.

Coverage

US securities trading at least $1 million a day with three years of history. Sections appear only where there is something to show: a fund has no income statement, most companies have no activist stake, and only a few dozen listed companies hold material federal contracts.