VBCA vs. QCON

Last updated Jun 4, 2026

VBCA (Vanguard Target Maturity 2027 Corporate Bond ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. VBCA is passively managed, while QCON is actively managed. VBCA charges 0.08%/yr vs 0.32%/yr for QCON.

Performance

VBCA vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Maturity 2027 Corporate Bond ETF (VBCA) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VBCA

• 1D: 0.00%
• 1M: 0.33%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VBCA vs. QCON - Yearly Performance Comparison

	2026 (YTD)
VBCA Vanguard Target Maturity 2027 Corporate Bond ETF	1.00%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

VBCA vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2027 Corporate Bond ETF (VBCA) and American Century Quality Convertible Securities ETF (QCON). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VBCA	QCON	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	5.67	—	—

Drawdowns

VBCA vs. QCON - Drawdown Comparison

The maximum VBCA drawdown since its inception was -0.19%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VBCA and QCON.

Drawdown Indicators

	VBCA	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-0.19%	0.00%	-0.19%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.05%	0.00%	-0.05%

Volatility

Volatility by Period

	VBCA	QCON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.97%	0.00%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.97%	0.00%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.97%	0.00%	+0.97%

VBCA vs. QCON - Expense Ratio Comparison

VBCA has a 0.08% expense ratio, which is lower than QCON's 0.32% expense ratio.

Dividends

VBCA vs. QCON - Dividend Comparison

VBCA's dividend yield for the trailing twelve months is around 0.42%, while QCON has not paid dividends to shareholders.

Position	TTM
QCON American Century Quality Convertible Securities ETF	0.00%
VBCA Vanguard Target Maturity 2027 Corporate Bond ETF	0.42%

Frequently Asked Questions

Which ETF is better, VBCA or QCON?

On fees, VBCA is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VBCA or QCON?

VBCA is cheaper with a 0.08% expense ratio, compared with 0.32% for QCON.

Which ETF pays a higher dividend yield, VBCA or QCON?

VBCA has the higher dividend yield at 0.42%, compared with 0.00% for QCON.

What is the main difference between VBCA and QCON?

They also come from different issuers: Vanguard and American Century. Their fees differ too: 0.08% for VBCA and 0.32% for QCON.