KORP vs. VCIT
KORP (American Century Diversified Corporate Bond ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds. KORP is actively managed, while VCIT is passively managed. Over the past 5 years, KORP returned 1.79%/yr vs 1.14%/yr for VCIT. Their correlation of 0.89 suggests significant overlap in exposure. KORP charges 0.29%/yr vs 0.03%/yr for VCIT.
Performance
KORP vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, KORP achieves a 1.01% return, which is significantly higher than VCIT's 0.31% return.
KORP
- 1D
- 0.07%
- 1M
- 0.91%
- YTD
- 1.01%
- 6M
- 1.14%
- 1Y
- 5.48%
- 3Y*
- 5.98%
- 5Y*
- 1.79%
- 10Y*
- —
VCIT
- 1D
- 0.10%
- 1M
- 0.60%
- YTD
- 0.31%
- 6M
- 0.47%
- 1Y
- 5.17%
- 3Y*
- 6.09%
- 5Y*
- 1.14%
- 10Y*
- 2.87%
KORP vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 1.01% | 8.14% | 3.82% | 7.40% | -10.04% | -0.55% | 6.99% | 10.08% | -1.32% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.31% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.27% |
Correlation
The correlation between KORP 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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2018 | 0.89 |
The correlation between KORP and VCIT has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
KORP vs. VCIT — Risk / Return Rank
KORP
VCIT
KORP vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) 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.
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.
| KORP | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.76 | -0.05 |
| Martin ratioReturn relative to average drawdown | 5.54 | 5.56 | -0.02 |
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Drawdowns
KORP vs. VCIT - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for KORP and VCIT.
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Drawdown Indicators
| KORP | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.90% | -20.56% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -2.96% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.04% | -6.11% | +1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.90% | -20.56% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.22% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -3.15% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.93% | +0.06% |
Volatility
KORP vs. VCIT - Volatility Comparison
The current volatility for American Century Diversified Corporate Bond ETF (KORP) is 1.14%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.24%. This indicates that KORP experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KORP | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.24% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 3.17% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.10% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 6.62% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 6.29% | -1.38% |
KORP vs. VCIT - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
KORP vs. VCIT - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 5.09%, more than VCIT's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 5.09% | 4.98% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% | 0.00% | 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, KORP 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 (1.24%) compared to KORP (1.14%). In terms of maximum drawdown, KORP dropped -14.90% vs VCIT's -20.56%.
On 5-year performance, KORP leads with 1.79% vs 1.14% for VCIT. 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, KORP has performed better with a 1.79% return vs 1.14%. 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 0.29% for KORP.
KORP has the higher dividend yield at 5.09%, compared with 4.80% for VCIT.
They also come from different issuers: American Century and Vanguard. Their fees differ too: 0.29% for KORP and 0.03% for VCIT.
KORP currently has the higher Sharpe Ratio (1.28 vs 1.27), 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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