Not accounting for currency hedging is exactly the issue here, so you definitely don't want to make that comparison. This is far from de minimis, as currency hedging will return (approximately) US short-term yields minus international short-term yields, which is a significant difference these days. (Assuming currencies stay fixed, which they won't, but that gives a sense of the magnitude.)You probably want to compare the SEC yield for VTABX vs an intermediate treasury fund like VSIGX. However, Vanguard does have a note indicating this yield does not account for currency hedging.
Statistics: Posted by brightlightstonight — Fri Jan 03, 2025 3:52 pm — Replies 3 — Views 117