HBRD vs. VCIT
HBRD (Invesco U.S. Hybrid Bond ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds - HBRD tracks the ICE USD Developed Markets Corporate Ex-Banks Hybrid Bond 4.85% Constrained Index while VCIT tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Their correlation of 0.82 means they have usually moved in the same direction. HBRD charges 0.40%/yr vs 0.03%/yr for VCIT.
Performance
HBRD vs. VCIT - Performance Comparison
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Returns By Period
HBRD
- 1D
- 0.02%
- 1M
- -0.47%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VCIT
- 1D
- 0.16%
- 1M
- -1.52%
- 6M
- -0.83%
- YTD
- -0.57%
- 1Y
- 3.21%
- 3Y*
- 5.66%
- 5Y*
- 0.65%
- 10Y*
- 2.59%
- ALL TIME*
- 4.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $169.16 | $296.60 | $2.86K | |
| $651.85M | $671.83M | $721.46M |
HBRD vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HBRD Invesco U.S. Hybrid Bond ETF | -0.24% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | -1.99% |
Correlation
The correlation between HBRD and VCIT is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026 | 0.82 |
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Return for Risk
HBRD vs. VCIT — Risk / Return Rank
HBRD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VCIT
HBRD vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco U.S. Hybrid Bond ETF (HBRD) 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.
| HBRD | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.09 | — |
| Martin ratioReturn relative to average drawdown | — | 3.13 | — |
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Drawdowns
HBRD vs. VCIT - Drawdown Comparison
The maximum HBRD drawdown since its inception was -2.94%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for HBRD and VCIT.
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Drawdown Indicators
| HBRD | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.94% | -20.56% | +17.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -0.67% | -2.09% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -3.14% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.03% | — |
Volatility
HBRD vs. VCIT - Volatility Comparison
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Volatility by Period
| HBRD | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 4.11% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 6.62% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 6.29% | -3.04% |
HBRD vs. VCIT - Expense Ratio Comparison
HBRD has a 0.40% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
HBRD vs. VCIT - Dividend Comparison
HBRD's dividend yield for the trailing twelve months is around 2.49%, less than VCIT's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBRD Invesco U.S. Hybrid Bond ETF | 2.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.87% | 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
HBRD and VCIT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCIT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.40% for HBRD.
VCIT has the higher dividend yield at 4.87%, compared with 2.49% for HBRD.
HBRD tracks ICE USD Developed Markets Corporate Ex-Banks Hybrid Bond 4.85% Constrained Index, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.40% for HBRD and 0.03% for VCIT.
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