USIG vs. VCIT
Compare and contrast key facts about iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
USIG and VCIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007. 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 USIG 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: USIG or VCIT.
Key characteristics
| USIG | VCIT | |
|---|---|---|
| YTD Return | 4.95% | 5.39% |
| 1Y Return | 15.13% | 16.03% |
| 3Y Return (Ann) | -1.16% | -0.47% |
| 5Y Return (Ann) | 1.08% | 1.41% |
| 10Y Return (Ann) | 2.56% | 2.91% |
| Sharpe Ratio | 2.35 | 2.48 |
| Sortino Ratio | 3.51 | 3.75 |
| Omega Ratio | 1.42 | 1.45 |
| Calmar Ratio | 0.78 | 0.86 |
| Martin Ratio | 11.90 | 12.70 |
| Ulcer Index | 1.21% | 1.18% |
| Daily Std Dev | 6.12% | 6.06% |
| Max Drawdown | -22.21% | -20.56% |
| Current Drawdown | -5.02% | -3.18% |
Correlation
The correlation between USIG and VCIT is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USIG vs. VCIT - Performance Comparison
In the year-to-date period, USIG achieves a 4.95% return, which is significantly lower than VCIT's 5.39% return. Over the past 10 years, USIG has underperformed VCIT with an annualized return of 2.56%, while VCIT has yielded a comparatively higher 2.91% 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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USIG vs. VCIT - Expense Ratio Comparison
Both USIG and VCIT have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
USIG vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) 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
USIG vs. VCIT - Dividend Comparison
USIG's dividend yield for the trailing twelve months is around 4.27%, more than VCIT's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.27% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.14% | 3.24% | 3.32% | 3.53% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.15% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
USIG vs. VCIT - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for USIG and VCIT. For additional features, visit the drawdowns tool.
Volatility
USIG vs. VCIT - Volatility Comparison
iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.25% and 1.24%, 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.