GIGB vs. VCIT
GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds - GIGB tracks the FTSE Goldman Sachs Investment Grade Corporate Bond Index while VCIT tracks the Barclays U.S. 5-10 Year Corp Index. Both are passively managed. Over the past 5 years, GIGB returned 0.45%/yr vs 1.22%/yr for VCIT. Their correlation of 0.93 suggests significant overlap in exposure. GIGB charges 0.14%/yr vs 0.04%/yr for VCIT.
Performance
GIGB vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB achieves a 0.68% return, which is significantly higher than VCIT's 0.18% return.
GIGB
- 1D
- -0.20%
- 1M
- 0.63%
- YTD
- 0.68%
- 6M
- 0.43%
- 1Y
- 6.01%
- 3Y*
- 5.10%
- 5Y*
- 0.45%
- 10Y*
- —
VCIT
- 1D
- -0.22%
- 1M
- 0.28%
- YTD
- 0.18%
- 6M
- 0.07%
- 1Y
- 6.13%
- 3Y*
- 6.00%
- 5Y*
- 1.22%
- 10Y*
- 2.93%
GIGB vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 0.68% | 7.58% | 1.68% | 8.80% | -15.80% | -1.64% | 9.86% | 15.05% | -2.76% | 2.45% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.18% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | 1.56% |
Correlation
The correlation between GIGB 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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2017 | 0.93 |
The correlation between GIGB and VCIT has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
GIGB vs. VCIT — Risk / Return Rank
GIGB
VCIT
GIGB vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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.
| GIGB | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.08 | +0.02 |
| Martin ratioReturn relative to average drawdown | 6.65 | 6.95 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GIGB | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.50 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.19 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.75 | -0.43 |
Drawdowns
GIGB vs. VCIT - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for GIGB and VCIT.
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Drawdown Indicators
| GIGB | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -20.56% | -1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.96% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -6.11% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | -20.56% | -1.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -0.94% | -1.36% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -3.16% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.88% | +0.03% |
Volatility
GIGB vs. VCIT - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.35% and 1.38%, 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
| GIGB | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.38% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 3.06% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 4.10% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 6.61% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.67% | 6.28% | +1.39% |
GIGB vs. VCIT - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is higher than VCIT's 0.04% 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
GIGB vs. VCIT - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.61%, less than VCIT's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.61% | 4.69% | 4.45% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% | 0.00% | 0.00% |
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, GIGB 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 (1.38%) compared to GIGB (1.35%). In terms of maximum drawdown, GIGB dropped -22.25% vs VCIT's -20.56%.
On 5-year performance, VCIT leads with 1.22% vs 0.45% for GIGB. On fees, VCIT is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCIT has performed better with a 1.22% return vs 0.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.04% expense ratio, compared with 0.14% for GIGB.
VCIT has the higher dividend yield at 4.80%, compared with 4.61% for GIGB.
GIGB tracks FTSE Goldman Sachs Investment Grade Corporate Bond Index, while VCIT tracks Barclays U.S. 5-10 Year Corp Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.14% for GIGB and 0.04% for VCIT.
VCIT currently has the higher Sharpe Ratio (1.50 vs 1.40), 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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