Skip to main content

ETF comparison

VGSH vs ZROZ

US Treasury (Short) vs US Treasury (Long).

Vanguard Short-Term Treasury Index Fund ETF Shares · PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of VGSH and ZROZ would leave roughly 0.0% of each dollar exposed to the same underlying securities.

VGSH unmatched 99.0% Shared 0.0% ZROZ unmatched 100.0%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In VGSH only
91 positions
Shared
0 positions
In ZROZ only
20 positions

Side by side

VGSH

Vanguard Short-Term Treasury Index Fund ETF Shares

Vanguard · US Treasury (Short)

89 composite / 100
Expense ratio
0.030%
Net assets
$39.49B
whole fund, 3 share classes
TTM yield
3.77%
Top-10 conc.
13.9%
ZROZ

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

PIMCO · US Treasury (Long)

73 composite / 100
Expense ratio
0.15%
Net assets
$1.88B
TTM yield
5.25%
Top-10 conc.
53.3%

Sub-score comparison

97
Cost
85
58
Tax efficiency
55
100
Liquidity
68
N/A
Concentration
N/A
—
Tracking quality
—
VGSH sub-score ZROZ

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

VGSH is 12 bps cheaper than ZROZ. On a $100,000 position that's about $120/yr more in fees for ZROZ.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with VGSH vs ZROZ.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in VGSH

91 total
  • United States Treasury Note/Bond 2.24%
  • United States Treasury Note/Bond 1.40%
  • United States Treasury Note/Bond 1.35%
  • United States Treasury Note/Bond 1.31%
  • United States Treasury Note/Bond 1.30%
  • United States Treasury Note/Bond 1.29%
  • United States Treasury Note/Bond 1.26%
  • United States Treasury Note/Bond 1.26%
  • United States Treasury Note/Bond 1.25%
  • United States Treasury Note/Bond 1.25%

Only in ZROZ

20 total
  • United States Treasury 5.55%
  • United States Treasury 5.48%
  • United States Treasury 5.42%
  • United States Treasury 5.40%
  • United States Treasury 5.29%
  • United States Treasury 5.27%
  • United States Treasury 5.26%
  • United States Treasury 5.26%
  • United States Treasury 5.23%
  • United States Treasury 5.16%

Percentages are holdings overlap with the named fund.

Open VGSH or ZROZ at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.