IBCA vs. VGVT
IBCA (iShares iBonds Dec 2035 Term Corporate ETF) and VGVT (Vanguard Government Securities Active ETF) are both Intermediate Core Bond funds. IBCA is passively managed, while VGVT is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
IBCA vs. VGVT - Performance Comparison
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Returns By Period
In the year-to-date period, IBCA achieves a 0.20% return, which is significantly higher than VGVT's 0.11% return.
IBCA
- 1D
- -0.27%
- 1M
- 0.37%
- YTD
- 0.20%
- 6M
- 0.04%
- 1Y
- 6.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGVT
- 1D
- -0.15%
- 1M
- 0.17%
- YTD
- 0.11%
- 6M
- 0.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCA vs. VGVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBCA iShares iBonds Dec 2035 Term Corporate ETF | 0.20% | 4.36% |
VGVT Vanguard Government Securities Active ETF | 0.11% | 3.28% |
Correlation
The correlation between IBCA and VGVT is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025 | 0.84 |
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Return for Risk
IBCA vs. VGVT — Risk / Return Rank
IBCA
VGVT
IBCA vs. VGVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2035 Term Corporate ETF (IBCA) and Vanguard Government Securities Active ETF (VGVT). 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.
| IBCA | VGVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | — | — |
| Martin ratioReturn relative to average drawdown | 6.57 | — | — |
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
| IBCA | VGVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.17 | -0.10 |
Drawdowns
IBCA vs. VGVT - Drawdown Comparison
The maximum IBCA drawdown since its inception was -3.48%, which is greater than VGVT's maximum drawdown of -2.77%. Use the drawdown chart below to compare losses from any high point for IBCA and VGVT.
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Drawdown Indicators
| IBCA | VGVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -2.77% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -1.76% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -0.81% | -0.67% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | — | — |
Volatility
IBCA vs. VGVT - Volatility Comparison
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Volatility by Period
| IBCA | VGVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 3.22% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 3.22% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 3.22% | +2.54% |
IBCA vs. VGVT - Expense Ratio Comparison
Both IBCA and VGVT have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCA vs. VGVT - Dividend Comparison
IBCA's dividend yield for the trailing twelve months is around 4.67%, more than VGVT's 3.99% yield.
| Position | TTM | 2025 |
|---|---|---|
IBCA iShares iBonds Dec 2035 Term Corporate ETF | 4.67% | 3.19% |
VGVT Vanguard Government Securities Active ETF | 3.99% | 2.29% |
Frequently Asked Questions
IBCA and VGVT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCA and VGVT have the same expense ratio: 0.10% per year.
IBCA has the higher dividend yield at 4.67%, compared with 3.99% for VGVT.
They also come from different issuers: iShares and Vanguard.
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