CGOV vs VUSB: Grades, Fees and Holdings Compared

Corgi 0-3 Month T-Bill ETF

CGOVBCboe

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

0.0%by weight

Expense ratio

CGOV −0.05pt a year

CGOV0.05%VUSB0.10%

Avg volume · 30D

VUSB 95.8×the volume

CGOV21KVUSB2.01M

CGOV vs VUSB Performance

Aug 4, 2026 – Nov 4, 2026

+0.9%CGOV+0.7%VUSB

Expense ratio: CGOV 0.05%, better; VUSB 0.10%
Fund size: CGOV $23M; VUSB $9.9B
1Y total return: CGOV No data; VUSB +3.7%
Yield (12M): CGOV No data; VUSB 4.28%
Holdings: CGOV 26; VUSB 1352
Avg volume (30D): CGOV 21K sh; VUSB 2.01M sh, better
NAV per share: CGOV $25.03; VUSB $49.45
52W range

ETF.net Grade

Pillar letters and Scores for CGOV, VUSB, with each pillar’s weight
Pillar	CGOV	VUSB
Cost30% weight	A95Higher	A84
Mission25% weight	Not scored	A100
Risk15% weight	C54Higher	C53
Tradability15% weight	D27	B67Higher
Holdings10% weight	C52	A86Higher
Durability5% weight	F10	A88Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. CGOV and VUSB are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds

See all 78 ›

VUSB ranks 3rd and CGOV 34th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
Rank 3AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
Rank 5ASGOViShares 0-3 Month Treasury Bond ETFScore 80
Rank 32BOBILUS Treasury 12 Month Bill ETFScore 63
Rank 34BCGOVCorgi 0-3 Month T-Bill ETFScore 61
Rank 34BIQMMProShares GENIUS Money Market ETFScore 61

Our read on each fund

ETF.net Research

CGOVBCorgi 0-3 Month T-Bill ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

CGOV No data

VUSB Vanguard's first actively managed bond ETF, run by its in-house fixed income team and priced at 0.10%. It holds investment-grade paper maturing inside two years: a step past a money fund, well short of a real bond fund.

Stated mandate

CGOV No data

VUSB The fund seeks current income with limited price volatility while investing in diversified high- and medium-quality fixed-income securities. It expects to maintain a dollar-weighted average maturity of 0–2 years.

Why people hold it

CGOV No data

VUSB At 0.10%, it costs half the typical ultra-short bond ETF and undercuts the other leaders in the group: SHV, PULS, FLDR and DUSB all charge 0.15%.
Active, not adventurous. The managers buy investment-grade bonds (A3-or-better high quality plus BBB-tier medium quality) and hold average maturity to zero-to-two years.vanguard.com
Income lands monthly, sourced from roughly 170 bonds, so no single issuer drives the outcome.
A multi-billion-dollar fund that trades actively, and the same portfolio team also runs a similar Vanguard ultra-short fund.vanguard.com

Worth knowing

CGOV No data

VUSB This is not a money market fund. No fixed $1 share price, and the market price can trade above or below the value of the holdings.vanguard.com
The mandate allows BBB-tier credit, a notch of risk a Treasury-only neighbor like SHV doesn't take.vanguard.com
Bonds this short reprice with short-term rates, so the monthly payout drifts up and down instead of holding a set level.vanguard.com

Full CGOV profile⁠

Full VUSB profile⁠

CGOV vs VUSB Holdings

How CGOV and VUSB differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CGOV and 0.0% of VUSB.

Level by level

Asset classEquity, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile76.9%

Sector

No Sector split for VUSB.

Country, concentration and asset class

Country by domicile

Country weights in CGOV and VUSB, widest gap first
Country	Gap	CGOV	VUSB
United States	CGOV +23.1 points	100.0%	76.9%
Canada	VUSB +7.2 points	0.0%	7.2%
United Kingdom	VUSB +3.5 points	0.0%	3.5%
Cayman Islands	VUSB +2.5 points	0.0%	2.5%
Japan	VUSB +2.1 points	0.0%	2.1%
Germany	VUSB +1.7 points	0.0%	1.7%
Australia	VUSB +1.6 points	0.0%	1.6%
Switzerland	VUSB +1.0 points	0.0%	1.0%
Other countries (13)	VUSB +3.6 points	0.0%	3.6%

Concentration

Weight in the 10 largest Holdings

CGOV53.3%
VUSB12.6%

Securities held

CGOV25
VUSB1,346

Asset class

CGOV: Equity
VUSB: Fixed Income

Holdings

Only in CGOV25
In both0
Only in VUSB1,346

Only in CGOV

25 securities, 96.2% of CGOV by weight

United States Treasury Bill 11/27/20266.12%
United States Treasury Bill 11/05/20265.92%
United States Treasury Bill 11/10/20265.36%
United States Treasury Bill 11/17/20265.35%
United States Treasury Bill 11/24/20265.31%
United States Treasury Bill 12/03/20265.31%
United States Treasury Bill 11/19/20265.29%
United States Treasury Bill 11/12/20265.12%
United States Treasury Bill 12/24/20265.11%
United States Treasury Bill 01/21/20274.41%
United States Treasury Bill 12/10/20264.09%
United States Treasury Bill 12/17/20264.08%
United States Treasury Bill 12/22/20263.52%
United States Treasury Bill 01/07/20273.48%
United States Treasury Bill 01/14/20273.48%
United States Treasury Bill 01/28/20273.48%
United States Treasury Bill 12/15/20263.42%
United States Treasury Bill 12/08/20263.41%
United States Treasury Bill 12/31/20263.41%
United States Treasury Bill 12/01/20263.22%
United States Treasury Bill 12/29/20261.74%
United States Treasury Bill 01/05/20271.44%
United States Treasury Bill 01/26/20271.42%
United States Treasury Bill 01/19/20271.38%
United States Treasury Bill 01/12/20271.36%

Only in VUSB

1,346 securities, 100% of VUSB by weight

United States Treasury Bill 09/02/20272.39%
United States Treasury Bill 09/30/20272.35%
Usd/Aud Fwd 202612161.07%
Regions Bank/Birmingham AL 4.75% 07/27/20290.89%
PNC Financial Services Group Inc/The 4.62% 10/26/20290.53%
National Bank of Canada 5.00% 09/08/20290.53%
Citizens Bank NA/Providence RI 4.87% 08/10/20290.48%
US Bancorp 5.78% 06/12/20290.47%
Charles Schwab Corp/The 4.60% 07/27/20290.45%
Canadian Imperial Bank of Commerce 4.72% 06/16/20290.42%
AbbVie Inc 4.50% 08/18/20280.41%
United States Treasury Note/Bond 3.50% 10/31/20270.41%
Truist Bank 4.42% 07/24/20280.41%
Province of British Columbia Canada 4.70% 01/24/20280.41%
Westlake Flooring Master Trust 4.23% 10/15/20290.41%
UBS Group AG 4.53% 04/10/20300.38%
OneMain Financial Issuance Trust 2026-2 4.98% 01/14/20380.38%
Bank of Montreal 4.63% 09/22/20280.38%
Hyundai Auto Lease Securitization Trust 2026-C 4.68% 07/16/20290.37%
Dllad 2024-1 Llc 5.30% 07/20/20290.37%
National Bank of Canada 4.17% 01/20/20290.35%
Goldman Sachs Group Inc/The 4.15% 01/21/20290.35%
Equitable Holdings Inc 4.35% 04/20/20280.34%
Truist Bank 4.14% 10/23/20290.34%
Wendy's Funding LLC 3.88% 03/15/20480.34%
Bank of America Corp 5.20% 04/25/20290.34%
PFS Financing Corp 5.34% 04/15/20290.33%
Rktl 2026-3 4.51% 08/27/20350.33%
Extra Space Storage LP 5.70% 04/01/20280.33%
NTT Finance Corp 4.57% 07/16/20270.33%
Truist Bank 4.14% 01/27/20290.32%
Intel Corp 4.88% 02/10/20280.32%
Mercedes-Benz Finance North America LLC 4.13% 03/10/20280.32%
Digital Realty Trust LP 4.45% 07/15/20280.32%
American Honda Finance Corp 4.40% 12/11/20260.31%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.00% 10/29/20280.31%
Navistar Financial Dealer Note Master Owner Trust II 2025-1 4.18% 09/25/20300.30%
Cheniere Corpus Christi Holdings LLC 5.13% 06/30/20270.29%
UBS Group AG 4.73% 12/23/20290.29%
M&T Bank Auto Receivables Trust 2026-1 4.33% 07/16/20290.29%
BAT Capital Corp 2.26% 03/25/20280.28%
Canadian Imperial Bank of Commerce 4.86% 01/13/20280.28%
M&T Bank Auto Receivables Trust 2026-1 4.66% 06/16/20310.28%
Deutsche Bank AG/New York NY 5.27% 09/18/20290.28%
Citizens Bank NA/Providence RI 4.19% 01/29/20290.27%
NatWest Group PLC 4.89% 05/18/20290.27%
Canadian Imperial Bank of Commerce 4.51% 01/29/20300.27%
Goldman Sachs Group Inc/The 3.81% 04/23/20290.27%
Digital Realty Trust LP 5.55% 01/15/20280.27%
Sprint Capital Corp 6.88% 11/15/20280.27%

Weight gaps

CGOV and VUSB share no securities.

All 17 CGOV holdings⁠All 1,347 VUSB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGOV vs VUSB Cost

Overpaying VUSB vs CGOV

$1,046

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CGOV 0.05%
$1,060
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

CGOV 0.05%
VUSB 0.10%
Overpaying

Year by year

Year	CGOV	VUSB	Overpaying
10	$92	$183	$91
20	$360	$717	$357
30	$1,060	$2,106	$1,046

Expense ratio

0.05%CGOV, cheaper
0.10%VUSB

CGOV0.05%VUSB0.10%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

CGOV 3rd cheapest of 78 funds

VUSB 13th cheapest of 78 funds

CGOV vs VUSB Dividends

Last 12 months to Nov 4, 2026

Yield (12M): CGOV No data; VUSB 4.28%
Payout (12M): CGOV No data; VUSB $2.12
Last payment: CGOV $0.05; VUSB $0.18
Ex-dividend: CGOV Oct 30, 2026; VUSB Nov 2, 2026
Paid on: CGOV Nov 2, 2026; VUSB Nov 4, 2026
Frequency: CGOV Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CGOVMonthly · 5 paymentsAll CGOV payments⁠

VUSBMonthly · 46 paymentsAll VUSB payments⁠

CGOV vs VUSB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CGOV No dataVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years: CGOV No dataVUSB 0.86
Worst fallMax drawdown, 5 years: CGOV No dataVUSB −1.7%
Market sensitivityBeta, 5 years: CGOV −0.08VUSB 0.10; Market = 1

CGOV and VUSB in the news

All news⁠

Best ETFs
T-bill ETFs: Vanguard’s VBIL undercuts SGOV, BIL and CLIP at 0.06%
Updated Nov 2, 2026CGOV

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CGOV vs VUSB

In short

Stated mandate

Why people hold it

Worth knowing

How CGOV and VUSB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CGOV

Only in VUSB

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

T-bill ETFs: Vanguard’s VBIL undercuts SGOV, BIL and CLIP at 0.06%

How CGOV and VUSB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CGOV

Only in VUSB

Weight gaps