VCSH vs. CWI ETF Comparison

Comparison of Vanguard Short-Term Corporate Bond ETF (VCSH) to SPDR MSCI ACWI ex-US ETF (CWI)

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.08

Average Daily Volume

3,261,302

Number of Holdings ^*

444

* may have additional holdings in another (foreign) market

CWI

SPDR MSCI ACWI ex-US ETF

CWI Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the MSCI All Country World Index ex USA. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.21

Average Daily Volume

158,498

Number of Holdings ^*

88

* may have additional holdings in another (foreign) market

Performance

Period	VCSH	CWI
30 Days	0.80%	1.61%
60 Days	1.41%	8.86%
90 Days	3.13%	4.39%
12 Months	9.91%	28.05%

10 Overlapping Holdings

	Symbol	Grade	Weight in VCSH	Weight in CWI	Overlap
	ABBV	B	0.02%	0.44%	0.02%
	AER	D	0.03%	0.03%	0.03%
	BABA	B	0.02%	0.61%	0.02%
	BABA	B	0.02%	0.09%	0.02%
	BIDU	B	0.01%	0.1%	0.01%
	MUFG	F	0.01%	0.42%	0.01%
	SCCO	B	0.01%	0.0%	0.0%
	STLA	F	0.07%	0.12%	0.07%
	TD	B	0.02%	0.46%	0.02%
	TME	B	0.01%	0.04%	0.01%

VCSH Overweight 435 Positions Relative to CWI

	Symbol	Grade	Weight
	V	C	0.13%
	TAP	D	0.1%
	CARR	B	0.09%
	MDT	C	0.08%
	BIIB	F	0.08%
	DD	C	0.08%
	OTIS	A	0.07%
	ETN	C	0.07%
	CHTR	D	0.07%
	KO	C	0.06%
	COST	C	0.06%
	KLAC	B	0.06%
	OMC	C	0.06%
	WBA	F	0.06%
	AIG	F	0.06%
	HCA	C	0.06%
	VZ	B	0.06%
	VRSK	C	0.05%
	ADP	A	0.05%
	ADM	F	0.05%
	CRM	B	0.05%
	DLTR	F	0.05%
	BLK	A	0.05%
	NI	A	0.05%
	HPQ	B	0.05%
	TGT	D	0.05%
	LMT	A	0.05%
	NOC	B	0.05%
	ORCL	C	0.05%
	NTRS	C	0.04%
	ITW	B	0.04%
	FTV	C	0.04%
	VFC	B	0.04%
	TJX	D	0.04%
	WLK	C	0.04%
	RF	C	0.04%
	WB	B	0.04%
	MA	A	0.04%
	ARCC	A	0.04%
	ZTS	C	0.04%
	FOXA	A	0.04%
	RPRX	D	0.04%
	QCOM	C	0.04%
	GSK	F	0.04%
	MRK	F	0.04%
	AZN	D	0.04%
	GOOGL	B	0.04%
	GILD	A	0.04%
	AMZN	C	0.04%
	TMUS	A	0.04%
	MSFT	D	0.04%
	JNPR	B	0.03%
	JBHT	D	0.03%
	DLR	C	0.03%
	MSI	A	0.03%
	EMN	C	0.03%
	AMAT	B	0.03%
	FDX	F	0.03%
	EL	D	0.03%
	WAB	B	0.03%
	SWKS	F	0.03%
	APTV	D	0.03%
	CME	A	0.03%
	AGR	B	0.03%
	HRL	F	0.03%
	JD	B	0.03%
	HAS	B	0.03%
	MHK	B	0.03%
	NUE	C	0.03%
	DXC	B	0.03%
	WAL	C	0.03%
	ATO	A	0.03%
	BAX	D	0.03%
	CNO	C	0.03%
	SPGI	B	0.03%
	SNX	D	0.03%
	PVH	F	0.03%
	PHM	A	0.03%
	GIS	C	0.03%
	BXP	C	0.03%
	ADBE	F	0.03%
	GLPI	A	0.03%
	JEF	A	0.03%
	HAL	D	0.03%
	BG	F	0.03%
	SYY	D	0.03%
	SWK	C	0.03%
	SYF	B	0.03%
	PRU	C	0.03%
	MOS	F	0.03%
	MU	D	0.03%
	EBAY	A	0.03%
	PYPL	C	0.03%
	PFE	D	0.03%
	STT	C	0.03%
	VLO	D	0.03%
	WMB	A	0.03%
	GPN	F	0.03%
	DIS	D	0.03%
	EPD	A	0.03%
	MPLX	A	0.03%
	FIS	B	0.03%
	BERY	C	0.03%
	CB	B	0.03%
	MPC	C	0.03%
	AXP	B	0.03%
	VTRS	D	0.03%
	INTC	D	0.03%
	FITB	C	0.03%
	HPE	B	0.03%
	CMCSA	C	0.03%
	MS	B	0.03%
	AAPL	C	0.03%
	WPC	C	0.02%
	SKT	A	0.02%
	RL	B	0.02%
	THG	C	0.02%
	UNM	A	0.02%
	VNT	F	0.02%
	STLD	B	0.02%
	CF	A	0.02%
	BKU	D	0.02%
	CDNS	D	0.02%
	A	B	0.02%
	BEN	F	0.02%
	CPT	C	0.02%
	GBDC	B	0.02%
	BC	D	0.02%
	ALLE	A	0.02%
	AIZ	B	0.02%
	HST	D	0.02%
	HP	D	0.02%
	HOG	D	0.02%
	INTU	F	0.02%
	L	D	0.02%
	JCI	C	0.02%
	GXO	D	0.02%
	KMPR	D	0.02%
	EQH	C	0.02%
	FTNT	B	0.02%
	FRT	D	0.02%
	EA	D	0.02%
	NNN	A	0.02%
	SF	A	0.02%
	PSA	C	0.02%
	SBRA	C	0.02%
	TSLX	C	0.02%
	VNO	A	0.02%
	WM	B	0.02%
	BKH	C	0.02%
	APH	D	0.02%
	DOV	B	0.02%
	COKE	C	0.02%
	ALB	D	0.02%
	BWA	C	0.02%
	AWH	F	0.02%
	AFG	B	0.02%
	BRO	A	0.02%
	BR	B	0.02%
	CTVA	A	0.02%
	KEYS	C	0.02%
	GSBD	D	0.02%
	HRB	C	0.02%
	IP	C	0.02%
	ILMN	B	0.02%
	GWW	B	0.02%
	LNT	A	0.02%
	LLY	D	0.02%
	OCSL	D	0.02%
	LAZ	C	0.02%
	MRVL	B	0.02%
	CSX	D	0.02%
	K	A	0.02%
	KR	C	0.02%
	LRCX	D	0.02%
	ORI	B	0.02%
	DVN	F	0.02%
	LYB	F	0.02%
	PH	B	0.02%
	TDY	A	0.02%
	TT	A	0.02%
	VOYA	A	0.02%
	EQR	C	0.02%
	LIN	B	0.02%
	OHI	C	0.02%
	LHX	A	0.02%
	LDOS	A	0.02%
	MCO	D	0.02%
	NTAP	D	0.02%
	IVZ	B	0.02%
	HUM	F	0.02%
	DOC	C	0.02%
	WEC	A	0.02%
	VTR	C	0.02%
	BRX	C	0.02%
	AES	C	0.02%
	CE	C	0.02%
	AN	D	0.02%
	CNA	D	0.02%
	CMI	A	0.02%
	EOG	B	0.02%
	NKE	D	0.02%
	DGX	C	0.02%
	FANG	C	0.02%
	FLEX	C	0.02%
	EXPE	B	0.02%
	CNH	D	0.02%
	ADI	C	0.02%
	DHR	D	0.02%
	EFX	C	0.02%
	ROST	D	0.02%
	OKE	A	0.02%
	NXPI	F	0.02%
	MTB	C	0.02%
	KDP	C	0.02%
	BKNG	C	0.02%
	ABT	C	0.02%
	ICE	A	0.02%
	FSK	A	0.02%
	GD	C	0.02%
	CAH	B	0.02%
	CPB	D	0.02%
	UPS	D	0.02%
	WRK	C	0.02%
	PM	D	0.02%
	MKC	C	0.02%
	NVDA	B	0.02%
	STZ	D	0.02%
	SBUX	C	0.02%
	SPG	A	0.02%
	ET	A	0.02%
	EQIX	C	0.02%
	AL	D	0.02%
	CM	C	0.02%
	CCI	C	0.02%
	MET	B	0.02%
	SLB	D	0.02%
	SHW	C	0.02%
	ZBH	F	0.02%
	PNC	C	0.02%
	KMI	A	0.02%
	CSCO	A	0.02%
	AFL	A	0.02%
	LVS	B	0.02%
	BDX	C	0.02%
	CAT	A	0.02%
	JNJ	D	0.02%
	USB	D	0.02%
	RTX	A	0.02%
	RY	C	0.02%
	PEP	F	0.02%
	CVX	B	0.02%
	GM	D	0.02%
	BMY	B	0.02%
	WMT	A	0.02%
	IBM	A	0.02%
	CVS	C	0.02%
	XOM	A	0.02%
	C	C	0.02%
	NVT	D	0.01%
	HIW	C	0.01%
	FE	C	0.01%
	FNB	D	0.01%
	CACC	F	0.01%
	VLY	C	0.01%
	RPM	B	0.01%
	IPG	D	0.01%
	JBL	C	0.01%
	KSS	D	0.01%
	G	A	0.01%
	AMD	B	0.01%
	EPR	C	0.01%
	NEU	F	0.01%
	ED	A	0.01%
	NEM	C	0.01%
	UHS	D	0.01%
	UDR	C	0.01%
	VMC	D	0.01%
	WY	C	0.01%
	TKR	D	0.01%
	FAF	C	0.01%
	HUBB	B	0.01%
	LEG	D	0.01%
	CHD	D	0.01%
	FMC	C	0.01%
	JHG	B	0.01%
	HES	C	0.01%
	IFF	C	0.01%
	NYCB	D	0.01%
	DAL	C	0.01%
	WHR	C	0.01%
	RNR	A	0.01%
	SNV	D	0.01%
	SLG	C	0.01%
	RS	D	0.01%
	PFG	C	0.01%
	BDN	A	0.01%
	BCSF	B	0.01%
	RGA	C	0.01%
	SITC	D	0.01%
	TEL	D	0.01%
	TRMB	B	0.01%
	CL	D	0.01%
	BHP	B	0.01%
	CSL	A	0.01%
	FLS	B	0.01%
	CLX	C	0.01%
	AVB	C	0.01%
	GP	D	0.01%
	H	C	0.01%
	KMB	D	0.01%
	ES	D	0.01%
	OGS	C	0.01%
	MLM	F	0.01%
	LNC	D	0.01%
	PNW	B	0.01%
	ROK	C	0.01%
	PSEC	C	0.01%
	TXT	F	0.01%
	ADSK	C	0.01%
	CMS	A	0.01%
	FHN	D	0.01%
	CUBE	C	0.01%
	MAIN	A	0.01%
	MAA	D	0.01%
	LII	C	0.01%
	OC	C	0.01%
	PDM	C	0.01%
	EMR	B	0.01%
	KIM	C	0.01%
	HSY	F	0.01%
	HII	F	0.01%
	KRC	C	0.01%
	MAR	B	0.01%
	NFG	A	0.01%
	ORLY	A	0.01%
	OPI	F	0.01%
	LEN	B	0.01%
	NSC	D	0.01%
	APD	C	0.01%
	CP	D	0.01%
	CNP	B	0.01%
	NDAQ	B	0.01%
	DHI	C	0.01%
	UNP	D	0.01%
	AVT	C	0.01%
	PCAR	C	0.01%
	AMG	B	0.01%
	XEL	B	0.01%
	AEE	A	0.01%
	ARW	C	0.01%
	AZO	D	0.01%
	AWK	C	0.01%
	PPG	D	0.01%
	SRE	B	0.01%
	PKG	B	0.01%
	MCK	F	0.01%
	DE	B	0.01%
	DUK	B	0.01%
	DOW	B	0.01%
	UAL	B	0.01%
	WU	D	0.01%
	ROP	C	0.01%
	PPL	B	0.01%
	MMM	C	0.01%
	LH	D	0.01%
	MDLZ	D	0.01%
	ESS	D	0.01%
	EVRG	C	0.01%
	ALL	C	0.01%
	AEP	C	0.01%
	AMP	A	0.01%
	SYK	C	0.01%
	R	C	0.01%
	TXN	C	0.01%
	PSX	D	0.01%
	PEG	A	0.01%
	DFS	C	0.01%
	DTE	A	0.01%
	O	A	0.01%
	MCHP	F	0.01%
	KEY	C	0.01%
	CMA	C	0.01%
	BSX	A	0.01%
	ARE	D	0.01%
	AON	B	0.01%
	HON	C	0.01%
	HBAN	D	0.01%
	CFG	D	0.01%
	AMT	C	0.01%
	EIX	B	0.01%
	MMC	D	0.01%
	PAA	C	0.01%
	ETR	A	0.01%
	AMGN	D	0.01%
	TSN	D	0.01%
	D	A	0.01%
	ALLY	F	0.01%
	BK	C	0.01%
	RSG	C	0.01%
	HD	A	0.01%
	TMO	D	0.01%
	PG	D	0.01%
	DG	F	0.01%
	MO	D	0.01%
	NEE	A	0.01%
	LOW	A	0.01%
	CAG	D	0.01%
	SCHW	D	0.01%
	EXC	A	0.01%
	MCD	A	0.01%
	BNS	C	0.01%
	COP	D	0.01%
	SO	A	0.01%
	COF	C	0.01%
	VOD	D	0.01%
	LUV	B	0.01%
	GE	C	0.01%
	WELL	C	0.01%
	UNH	B	0.01%
	TFC	D	0.01%
	DB	C	0.01%
	AVGO	C	0.01%
	BMO	B	0.01%
	T	A	0.01%
	PCG	C	0.01%
	HSBC	A	0.01%
	NWG	D	0.01%
	CI	D	0.01%
	WFC	F	0.01%
	GS	D	0.01%
	JPM	D	0.01%
	DELL	C	0.01%
	BA	F	0.01%
	BAC	D	0.01%

VCSH Underweight 78 Positions Relative to CWI

	Symbol	Grade	Weight
	TSM	B	-2.82%
	NVS	D	-0.84%
	TM	D	-0.7%
	UL	D	-0.58%
	SONY	C	-0.46%
	SHOP	C	-0.34%
	INFY	C	-0.32%
	CNI	D	-0.31%
	DEO	C	-0.3%
	PDD	B	-0.3%
	IBN	C	-0.27%
	HDB	D	-0.25%
	SMFG	D	-0.23%
	BCS	D	-0.19%
	HMC	D	-0.19%
	LYG	D	-0.17%
	ITUB	D	-0.16%
	E	B	-0.15%
	VALE	C	-0.14%
	UMC	D	-0.12%
	SE	B	-0.12%
	MFG	D	-0.12%
	CHT	C	-0.11%
	KB	D	-0.1%
	TCOM	B	-0.1%
	SHG	D	-0.09%
	BBD	B	-0.08%
	PKX	D	-0.08%
	RDY	D	-0.08%
	NMR	F	-0.07%
	CHKP	C	-0.07%
	TEVA	D	-0.07%
	BAP	B	-0.07%
	ABEV	B	-0.06%
	YUMC	B	-0.06%
	CIB	F	-0.05%
	BEKE	A	-0.05%
	LI	C	-0.05%
	OTEX	D	-0.04%
	WIX	D	-0.04%
	AGCO	D	-0.04%
	ENIC	F	-0.04%
	CIG	C	-0.04%
	CYBR	C	-0.04%
	XRX	D	-0.04%
	BGNE	B	-0.04%
	MT	B	-0.04%
	SQM	D	-0.03%
	MNDY	B	-0.03%
	VIPS	B	-0.03%
	LOGI	D	-0.03%
	CSAN	D	-0.03%
	NIO	B	-0.03%
	RBA	D	-0.03%
	WIT	C	-0.03%
	MBAVU	C	-0.02%
	BVN	C	-0.02%
	BZ	B	-0.02%
	FUTU	B	-0.02%
	LEGN	F	-0.02%
	BILI	B	-0.02%
	SID	D	-0.02%
	BRFS	C	-0.02%
	KEP	F	-0.02%
	TAL	B	-0.02%
	GRAB	C	-0.02%
	PHI	B	-0.02%
	GGB	B	-0.02%
	HTHT	B	-0.02%
	IQ	D	-0.01%
	VALE	C	-0.01%
	GLBE	C	-0.01%
	ATHM	B	-0.01%
	SBSW	C	-0.01%
	XPEV	B	-0.01%
	XPEV	B	-0.01%
	QFIN	B	-0.01%
	QGEN	F	-0.0%

VCSH: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Credit Services Diversified Industrials Drug Manufacturers - Major Semiconductors REIT - Office REIT - Retail Specialty Chemicals Business Services Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas Midstream Household & Personal Products Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Real Estate Investment Trust Dow Jones Component Investment Bank Electronics Cash Management Computing Insurance Products Chemical Financial Products Aerospace Commercial Banking Semiconductor Disability

CWI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Internet Content & Information Banks - Regional - Asia Software - Application Banks - Global Banks - Regional - Latin America Steel Information Technology Services Specialty Retail Biotechnology Capital Markets Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Industrial Metals & Minerals Semiconductors Telecom Services Utilities - Regulated Electric Airports & Air Services Banks - Regional - Europe Beverages - Brewers

Keywords: Banking Bank Investment Banking Financial Products Investment Banking Services Cash Management Investment Bank Investment Product Telecommunications Transport Asset Management Asset Management Services Cars Commercial Banking Currency Insurance Products Mining Pharmaceutical Structured Finance Cash Management Services