IJK vs. VCIT
Compare and contrast key facts about iShares S&P MidCap 400 Growth ETF (IJK) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
IJK and VCIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJK is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400/Citigroup Growth Index. It was launched on Jul 24, 2000. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009. Both IJK and VCIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IJK or VCIT.
Key characteristics
| IJK | VCIT | |
|---|---|---|
| YTD Return | 14.15% | -0.45% |
| 1Y Return | 28.34% | 5.36% |
| 3Y Return (Ann) | 5.81% | -1.95% |
| 5Y Return (Ann) | 11.63% | 1.46% |
| 10Y Return (Ann) | 10.46% | 2.54% |
| Sharpe Ratio | 1.93 | 0.72 |
| Daily Std Dev | 15.23% | 6.90% |
| Max Drawdown | -54.47% | -20.56% |
| Current Drawdown | -1.06% | -8.54% |
Correlation
The correlation between IJK and VCIT is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IJK vs. VCIT - Performance Comparison
In the year-to-date period, IJK achieves a 14.15% return, which is significantly higher than VCIT's -0.45% return. Over the past 10 years, IJK has outperformed VCIT with an annualized return of 10.46%, while VCIT has yielded a comparatively lower 2.54% annualized 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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IJK vs. VCIT - Expense Ratio Comparison
IJK has a 0.24% expense ratio, which is higher than VCIT's 0.04% 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%.
Risk-Adjusted Performance
IJK vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P MidCap 400 Growth ETF (IJK) 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.
Dividends
IJK vs. VCIT - Dividend Comparison
IJK's dividend yield for the trailing twelve months is around 0.94%, less than VCIT's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJK iShares S&P MidCap 400 Growth ETF | 0.94% | 1.13% | 1.08% | 0.50% | 0.70% | 1.09% | 1.13% | 0.93% | 1.15% | 1.12% | 0.91% | 0.88% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.05% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
IJK vs. VCIT - Drawdown Comparison
The maximum IJK drawdown since its inception was -54.47%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for IJK and VCIT. For additional features, visit the drawdowns tool.
Volatility
IJK vs. VCIT - Volatility Comparison
iShares S&P MidCap 400 Growth ETF (IJK) has a higher volatility of 4.11% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.42%. This indicates that IJK's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.