GCSH vs VUSB: Grades, Fees and Holdings Compared

Guggenheim Ultra Short Income ETF

GCSHDNYSE Arca

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

VUSB −0.15pt a year

GCSH0.25%VUSB0.10%

Avg volume · 30D

VUSB 47.5×the volume

GCSH41.5KVUSB1.97M

GCSH vs VUSB Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%GCSH+0.8%VUSB

Expense ratio: GCSH 0.25%; VUSB 0.10%, better
Fund size: GCSH $269M; VUSB $9.9B
1Y total return: GCSH No data; VUSB +3.7%
Yield (12M): GCSH No data; VUSB 4.27%
Holdings: GCSH 155; VUSB 1348
Avg volume (30D): GCSH 41.5K sh; VUSB 1.97M sh, better
NAV per share: GCSH $49.99; VUSB $49.62
52W range

ETF.net Grade

Pillar letters and Scores for GCSH, VUSB, with each pillar’s weight
Pillar	GCSH	VUSB
Cost30% weight	F18	A84Higher
Mission25% weight	Not scored	A100
Risk15% weight	C44	C53Higher
Tradability15% weight	D30	B66Higher
Holdings10% weight	C52	A90Higher
Durability5% weight	D35	A89Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. GCSH 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 GCSH 74th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
Rank 4ATBLLInvesco Short Term Treasury ETFScore 80
Rank 73DSGVAF/m Accumulator Ultrashort Treasury FundScore 35
Rank 74DGCSHGuggenheim Ultra Short Income ETFScore 31
Rank 75FLQIDKurv Enhanced Short Maturity ETFScore 18
HBILNot yet graded
LBOXNot yet graded
XCSHNot yet graded

Our read on each fund

ETF.net Research

GCSHDGuggenheim Ultra Short Income ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

GCSH Most funds in this aisle just roll T-bills. GCSH is active and shops the whole investment-grade short end (corporates, asset-backed, mortgage paper) with duration typically held inside a year.

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

GCSH The Fund seeks a high level of income while preserving capital.

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

GCSH Actively managed and multi-sector: investment-grade corporates, securitized and government paper, with average duration no longer than a year. A broader toolkit than a pure T-bill tracker.guggenheiminvestments.com guggenheiminvestments.com 2
Guggenheim sold its entire ETF lineup to Invesco in 2018. This 2026 launch is the firm's way back in, wrapping credit strategies it long ran for insurers and pensions.sec.gov guggenheiminvestments.com
The stated job is a high level of income while preserving capital, with daily liquidity. Guggenheim frames it as a strategic cash position rather than a bond-market bet.guggenheiminvestments.com

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

GCSH At 0.25% a year it costs more than the index T-bill funds it sits beside, where CLIP, VBIL and TBLL all run under 0.10%. You are paying for the active credit work.
Not a money market fund: no stable $1.00 NAV, no FDIC insurance. Corporate and securitized holdings mean the share price can move on credit spreads, not just rates.guggenheiminvestments.com
Launched in 2026, so the track record is short and the fund trades less than the entrenched giants in the category.

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 GCSH profile⁠

Full VUSB profile⁠

GCSH vs VUSB Holdings

How GCSH and VUSB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile82.2%
Asset classFixed Income100%

Sector

No Sector split for GCSH and VUSB.

Country, concentration and asset class

Country by domicile

Country weights in GCSH and VUSB, widest gap first
Country	More in GCSHMore in VUSB	GCSH	VUSB
United States	GCSH +15.7 points	92.6%	76.9%
Canada	VUSB +4.2 points	3.0%	7.2%
United Kingdom	VUSB +2.9 points	0.6%	3.5%
Cayman Islands	VUSB +2.5 points	0.0%	2.5%
Japan	VUSB +2.1 points	0.0%	2.1%
Bermuda	GCSH +1.8 points	1.8%	0.0%
Germany	VUSB +1.7 points	0.0%	1.7%
Australia	VUSB +1.5 points	0.1%	1.6%
Other countries (15)	VUSB +2.7 points	1.8%	4.5%

Concentration

Weight in the 10 largest Holdings

GCSH43.0%
VUSB11.2%

Securities held

GCSH132
VUSB1,342

Asset class

GCSH: Fixed Income
VUSB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. GCSH holds 132 securities, VUSB 1,342.

All 388 GCSH holdings⁠All 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.

GCSH vs VUSB Cost

Overpaying GCSH vs VUSB

$3,053

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

GCSH 0.25%
$5,159
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

GCSH 0.25%
VUSB 0.10%
Overpaying

Year by year

Year	GCSH	VUSB	Overpaying
10	$455	$183	$272
20	$1,769	$717	$1,052
30	$5,159	$2,106	$3,053

Expense ratio

0.25%GCSH
0.10%VUSB, cheaper

VUSB0.10%GCSH0.25%

0.03%1.00%

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

VUSB 13th cheapest of 78 funds

GCSH 62nd cheapest of 78 funds

GCSH vs VUSB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GCSH No data; VUSB 4.27%
Payout (12M): GCSH No data; VUSB $2.12
Last payment: GCSH $0.18; VUSB $0.18
Ex-dividend: GCSH Oct 5, 2026; VUSB Oct 1, 2026
Paid on: GCSH Oct 9, 2026; VUSB Oct 5, 2026
Frequency: GCSH Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GCSHMonthly · 3 paymentsAll GCSH payments⁠

VUSBMonthly · 45 paymentsAll VUSB payments⁠

GCSH vs VUSB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GCSH No dataVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years: GCSH No dataVUSB 0.86
Worst fallMax drawdown, 5 years: GCSH No dataVUSB −1.7%
Market sensitivityBeta, 5 years: GCSH 0.09VUSB 0.10; Market = 1

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