IGEB vs. VCIT
IGEB (iShares Investment Grade Bond Factor ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds - IGEB tracks the BlackRock Investment Grade Enhanced Bond Index while VCIT tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, IGEB returned 1.10%/yr vs 1.22%/yr for VCIT. Their correlation of 0.90 suggests significant overlap in exposure. IGEB charges 0.18%/yr vs 0.03%/yr for VCIT.
Performance
IGEB vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, IGEB achieves a 0.41% return, which is significantly higher than VCIT's 0.18% return.
IGEB
- 1D
- -0.22%
- 1M
- 0.57%
- YTD
- 0.41%
- 6M
- 0.32%
- 1Y
- 5.98%
- 3Y*
- 5.88%
- 5Y*
- 1.10%
- 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%
IGEB vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 0.41% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 15.42% | -2.05% | 1.53% |
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% | 1.51% |
Correlation
The correlation between IGEB 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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2017 | 0.90 |
The correlation between IGEB and VCIT has been stable across timeframes, ranging from 0.90 to 0.98 - a consistent structural relationship.
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Return for Risk
IGEB vs. VCIT — Risk / Return Rank
IGEB
VCIT
IGEB vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) 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.
| IGEB | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.08 | 0.00 |
| Martin ratioReturn relative to average drawdown | 6.81 | 6.95 | -0.13 |
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
| IGEB | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.50 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.19 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.75 | -0.27 |
Drawdowns
IGEB vs. VCIT - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for IGEB and VCIT.
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Drawdown Indicators
| IGEB | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -20.56% | -0.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.96% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -6.11% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -20.56% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.36% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -3.16% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.88% | 0.00% |
Volatility
IGEB vs. VCIT - Volatility Comparison
iShares Investment Grade Bond Factor ETF (IGEB) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.33% 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
| IGEB | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.38% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 3.06% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.10% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 6.61% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.52% | 6.28% | +0.24% |
IGEB vs. VCIT - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is higher than VCIT's 0.03% 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
IGEB vs. VCIT - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 5.06%, more than VCIT's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 5.06% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% | 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, IGEB 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 IGEB (1.33%). In terms of maximum drawdown, IGEB dropped -21.13% vs VCIT's -20.56%.
On 5-year performance, VCIT leads with 1.22% vs 1.10% for IGEB. On fees, VCIT is cheaper at 0.03% 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 1.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.18% for IGEB.
IGEB has the higher dividend yield at 5.06%, compared with 4.80% for VCIT.
IGEB tracks BlackRock Investment Grade Enhanced Bond Index, while VCIT tracks Bloomberg U.S. 5-10 Year Corporate Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IGEB and 0.03% for VCIT.
VCIT currently has the higher Sharpe Ratio (1.50 vs 1.44), 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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