CORP vs. VCIT
CORP (PIMCO Investment Grade Corporate Bond Index ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds - CORP tracks the ICE BofA US Corporate while VCIT tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, CORP returned 2.77%/yr vs 2.87%/yr for VCIT. Their correlation of 0.85 suggests significant overlap in exposure. CORP charges 0.20%/yr vs 0.03%/yr for VCIT.
Performance
CORP vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, CORP achieves a 0.78% return, which is significantly higher than VCIT's 0.31% return. Both investments have delivered pretty close results over the past 10 years, with CORP having a 2.77% annualized return and VCIT not far ahead at 2.87%.
CORP
- 1D
- 0.13%
- 1M
- 0.74%
- YTD
- 0.78%
- 6M
- 0.87%
- 1Y
- 5.14%
- 3Y*
- 5.50%
- 5Y*
- 0.74%
- 10Y*
- 2.77%
VCIT
- 1D
- 0.10%
- 1M
- 0.60%
- YTD
- 0.31%
- 6M
- 0.47%
- 1Y
- 5.17%
- 3Y*
- 6.09%
- 5Y*
- 1.14%
- 10Y*
- 2.87%
CORP vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 0.78% | 7.96% | 2.47% | 9.13% | -14.96% | -1.18% | 9.70% | 14.80% | -3.29% | 6.56% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.31% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 5.31% |
Correlation
The correlation between CORP and VCIT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | 0.85 |
The correlation between CORP and VCIT shifts across timeframes, from 0.85 (all time) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CORP vs. VCIT — Risk / Return Rank
CORP
VCIT
CORP vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| CORP | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.76 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.62 | 5.56 | +0.07 |
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Drawdowns
CORP vs. VCIT - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for CORP and VCIT.
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Drawdown Indicators
| CORP | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -20.56% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.96% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.06% | -6.11% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -20.56% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -21.21% | -20.56% | -0.65% |
Current DrawdownCurrent decline from peak | -0.85% | -1.22% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -3.15% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.93% | -0.01% |
Volatility
CORP vs. VCIT - Volatility Comparison
PIMCO Investment Grade Corporate Bond Index ETF (CORP) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.21% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORP | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.24% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 3.17% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.10% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.89% | 6.62% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 6.29% | +0.80% |
CORP vs. VCIT - Expense Ratio Comparison
CORP has a 0.20% expense ratio, which is higher than VCIT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CORP vs. VCIT - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 4.84%, which matches VCIT's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 4.84% | 4.77% | 4.74% | 4.12% | 3.28% | 2.51% | 2.90% | 3.25% | 3.18% | 3.08% | 2.91% | 3.14% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.80% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
With a correlation of 0.97, CORP and VCIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VCIT has higher volatility (1.24%) compared to CORP (1.21%). In terms of maximum drawdown, CORP dropped -21.21% vs VCIT's -20.56%.
On 10-year performance, VCIT leads with 2.87% vs 2.77% for CORP. On fees, VCIT is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VCIT has performed better with a 2.87% return vs 2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.20% for CORP.
CORP has the higher dividend yield at 4.84%, compared with 4.80% for VCIT.
CORP tracks ICE BofA US Corporate, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.20% for CORP and 0.03% for VCIT.
VCIT currently has the higher Sharpe Ratio (1.27 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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