- ISIN
- US92206C5739
- CUSIP
- 92206C573
- Issuer
- Vanguard
- Inception Date
- Nov 7, 2017
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg U.S. Corporate Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 69K
- Avg. Volume Value (1M)
- $5.24M
Share Price Chart
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Performance
VTC Performance Chart
Vanguard Total Corporate Bond ETF (VTC) is down 0.7% since the beginning of the year. VTC is currently trading at $75 per share. Investors who bought $1,000 worth of VTC shares 5 years ago would now be looking at an investment worth $986.
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Returns By Period
Vanguard Total Corporate Bond ETF (VTC) has returned -0.67% so far this year and 1.74% over the past 12 months.
Vanguard Total Corporate Bond ETF
- 1D
- -0.19%
- 1M
- -1.67%
- 6M
- -1.09%
- YTD
- -0.67%
- 1Y
- 1.74%
- 3Y*
- 4.80%
- 5Y*
- -0.28%
- 10Y*
- —
- ALL TIME*
- 2.24%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
VTC Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 2017, VTC's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +6.0%, while the worst month was Mar 2020 at -6.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VTC closed higher 53% of trading days. The best single day was Mar 23, 2020 with a return of +6.2%, while the worst single day was Mar 12, 2020 at -5.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.42% | 1.17% | -1.83% | 0.41% | 0.65% | 0.15% | -1.61% | -0.67% | |||||
| 2025 | 0.49% | 2.13% | -0.41% | 0.00% | 0.05% | 1.86% | 0.04% | 0.99% | 1.57% | 0.28% | 0.80% | -0.42% | 7.58% |
| 2024 | -0.21% | -1.50% | 1.29% | -2.56% | 2.01% | 0.51% | 2.40% | 1.60% | 1.81% | -2.49% | 1.37% | -1.92% | 2.15% |
| 2023 | 4.39% | -3.39% | 2.96% | 0.58% | -1.37% | 0.47% | 0.27% | -0.83% | -2.75% | -1.89% | 6.04% | 4.28% | 8.58% |
| 2022 | -3.10% | -1.95% | -2.70% | -5.59% | 1.20% | -2.76% | 3.65% | -3.57% | -5.07% | -0.86% | 5.39% | -0.97% | -15.68% |
| 2021 | -1.46% | -1.91% | -1.39% | 1.11% | 0.55% | 1.83% | 1.27% | -0.27% | -1.23% | 0.38% | -0.01% | -0.20% | -1.41% |
Benchmark Metrics
Vanguard Total Corporate Bond ETF has an annualized alpha of 0.80%, beta of 0.12, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since November 09, 2017.
- This ETF participated in 34.49% of S&P 500 Index downside but only 20.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.09 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.09 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.80%
- Beta
- 0.12
- R²
- 0.09
- Upside Capture
- 20.67%
- Downside Capture
- 34.49%
Expense Ratio
VTC has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
VTC ranks 26 for risk / return — above 26% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Vanguard Total Corporate Bond ETF (VTC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.00 | -1.11 |
| Martin ratioReturn relative to average drawdown | 2.48 | 8.49 | -6.02 |
Dividends
Dividend History
Vanguard Total Corporate Bond ETF provided a 4.59% dividend yield over the last twelve months, with an annual payout of $3.45 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.45 | $3.70 | $3.41 | $2.95 | $2.32 | $2.14 | $2.53 | $2.96 | $2.83 | $0.47 |
Dividend yield | 4.59% | 4.76% | 4.50% | 3.80% | 3.13% | 2.36% | 2.69% | 3.34% | 3.53% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Total Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.32 | $0.29 | $0.32 | $0.31 | $0.32 | $0.32 | $1.89 | |||||
| 2025 | $0.00 | $0.30 | $0.27 | $0.28 | $0.31 | $0.33 | $0.31 | $0.32 | $0.32 | $0.31 | $0.32 | $0.62 | $3.70 |
| 2024 | $0.00 | $0.28 | $0.26 | $0.28 | $0.28 | $0.28 | $0.28 | $0.28 | $0.29 | $0.28 | $0.30 | $0.60 | $3.41 |
| 2023 | $0.00 | $0.23 | $0.21 | $0.24 | $0.23 | $0.24 | $0.24 | $0.25 | $0.25 | $0.26 | $0.27 | $0.52 | $2.95 |
| 2022 | $0.00 | $0.18 | $0.16 | $0.17 | $0.18 | $0.19 | $0.19 | $0.19 | $0.20 | $0.21 | $0.21 | $0.44 | $2.32 |
| 2021 | $0.00 | $0.19 | $0.17 | $0.18 | $0.17 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.17 | $0.36 | $2.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Total Corporate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Total Corporate Bond ETF was 22.05%, occurring on Oct 20, 2022. Recovery took 830 trading sessions.
The current Vanguard Total Corporate Bond ETF drawdown is 2.24%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.05%Oct 2022 | 1y 27d | 3y 3mo | 4y 4moSep 2021 - Feb 2026 | Bear market2022 |
-19.67%Mar 2020 | 10d | 3mo 13d | 3mo 23dMar 2020 - Jun 2020 | COVID crash2020 |
-5.67%Mar 2021 | 2mo 13d | 4mo 12d | 6mo 25dJan 2021 - Jul 2021 | — |
-4.26%Nov 2018 | 11mo 6d | 2mo 21d | 1y 1moDec 2017 - Feb 2019 | Rate-hike selloffLate 2018 |
-2.88%Mar 2026 | 25d | — | 5mo 4dMar 2026 - now | — |
Drawdown Indicators
| VTC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -56.78% | +34.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -9.10% | +6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.25% | -18.90% | +13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.05% | -25.43% | +3.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.58% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -10.70% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.14% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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