IBND vs. VGCAX
Compare and contrast key facts about SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and Vanguard Global Credit Bond Fund Admiral Shares (VGCAX).
IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010. VGCAX is managed by Vanguard. It was launched on Nov 15, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBND or VGCAX.
Key characteristics
| IBND | VGCAX | |
|---|---|---|
| YTD Return | -3.99% | -1.29% |
| 1Y Return | 1.60% | 3.73% |
| 3Y Return (Ann) | -6.89% | -1.86% |
| 5Y Return (Ann) | -2.18% | 1.89% |
| Sharpe Ratio | 0.26 | 0.77 |
| Daily Std Dev | 8.69% | 5.64% |
| Max Drawdown | -35.63% | -18.63% |
| Current Drawdown | -22.17% | -8.16% |
Correlation
The correlation between IBND and VGCAX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IBND vs. VGCAX - Performance Comparison
In the year-to-date period, IBND achieves a -3.99% return, which is significantly lower than VGCAX's -1.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBND vs. VGCAX - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than VGCAX's 0.25% expense ratio.
Risk-Adjusted Performance
IBND vs. VGCAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and Vanguard Global Credit Bond Fund Admiral Shares (VGCAX). 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.
Dividends
IBND vs. VGCAX - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.46%, less than VGCAX's 4.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.46% | 2.08% | 0.54% | 0.37% | 0.33% | 0.58% | 0.71% | 0.34% | 0.01% | 0.01% | 1.63% | 1.24% |
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 4.48% | 4.49% | 2.72% | 3.16% | 4.65% | 6.88% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBND vs. VGCAX - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.63%, which is greater than VGCAX's maximum drawdown of -18.63%. Use the drawdown chart below to compare losses from any high point for IBND and VGCAX. For additional features, visit the drawdowns tool.
Volatility
IBND vs. VGCAX - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.49% compared to Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) at 1.52%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than VGCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.