IBDO vs. VSCSX

Last updated Jun 24, 2026

IBDO (iShares iBonds Dec 2023 Term Corporate ETF) and VSCSX (Vanguard Short-Term Corporate Bond Index Fund Admiral Shares) are both Corporate Bonds funds. At a 0.43 correlation, their price movements are largely independent. IBDO charges 0.10%/yr vs 0.07%/yr for VSCSX.

Performance

IBDO vs. VSCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBDO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VSCSX

• 1D: -0.09%
• 1M: 0.23%
• YTD: 0.61%
• 6M: 0.84%
• 1Y: 4.00%
• 3Y*: 5.67%
• 5Y*: 2.40%
• 10Y*: 2.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBDO vs. VSCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBDO iShares iBonds Dec 2023 Term Corporate ETF	0.00%	0.00%	0.00%	4.93%	-0.68%	-0.29%	5.37%	8.94%	-0.49%	4.45%
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares	0.61%	6.75%	5.36%	6.11%	-5.72%	-0.43%	5.06%	6.85%	0.88%	2.46%

Correlation

The correlation between IBDO and VSCSX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 12, 2015	0.43

The correlation between IBDO and VSCSX shifts across timeframes, from 0.05 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IBDO vs. VSCSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBDO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VSCSX

VSCSX Risk / Return Rank: 74
VSCSX Sharpe Ratio Rank: 76
VSCSX Sortino Ratio Rank: 81
VSCSX Omega Ratio Rank: 79
VSCSX Calmar Ratio Rank: 69
VSCSX Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBDO vs. VSCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX). 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.

	IBDO	VSCSX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.34	—
Sortino ratio: Return per unit of downside risk	—	3.53	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	3.05	—
Martin ratio: Return relative to average drawdown	—	11.94	—

Drawdowns

Drawdown Indicators

	IBDO	VSCSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-9.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-9.36%	—
Current Drawdown Current decline from peak	—	-0.36%	—
Average Drawdown Average peak-to-trough decline	—	-0.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	IBDO	VSCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	2.37%	—

IBDO vs. VSCSX - Expense Ratio Comparison

IBDO has a 0.10% expense ratio, which is higher than VSCSX's 0.07% 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

IBDO vs. VSCSX - Dividend Comparison

IBDO has not paid dividends to shareholders, while VSCSX's dividend yield for the trailing twelve months is around 4.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDO iShares iBonds Dec 2023 Term Corporate ETF	0.00%	0.00%	0.00%	3.61%	1.85%	2.04%	2.47%	3.01%	3.10%	2.96%	3.01%	2.39%
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares	4.42%	4.32%	4.27%	3.07%	1.98%	1.78%	2.25%	2.85%	2.66%	2.26%	1.93%	2.21%

Frequently Asked Questions

Can I hold both IBDO and VSCSX in my portfolio?

IBDO and VSCSX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.