VBCB vs. USIG
VBCB (Vanguard Target Maturity 2028 Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - VBCB tracks the ICE 2028 Maturity US Corporate Constrained Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. VBCB charges 0.08%/yr vs 0.04%/yr for USIG.
Performance
VBCB vs. USIG - Performance Comparison
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Returns By Period
VBCB
- 1D
- 0.05%
- 1M
- 0.35%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- 0.07%
- 1M
- 0.89%
- YTD
- 1.26%
- 6M
- 1.04%
- 1Y
- 5.32%
- 3Y*
- 5.56%
- 5Y*
- 0.70%
- 10Y*
- 2.58%
VBCB vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCB Vanguard Target Maturity 2028 Corporate Bond ETF | 1.15% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 1.79% |
Correlation
The correlation between VBCB and USIG is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.84 |
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Return for Risk
VBCB vs. USIG — Risk / Return Rank
VBCB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USIG
VBCB vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2028 Corporate Bond ETF (VBCB) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| VBCB | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.91 | — |
| Martin ratioReturn relative to average drawdown | — | 6.07 | — |
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Drawdowns
VBCB vs. USIG - Drawdown Comparison
The maximum VBCB drawdown since its inception was -0.31%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for VBCB and USIG.
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Drawdown Indicators
| VBCB | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.31% | -22.21% | +21.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.79% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.28% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -3.41% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
VBCB vs. USIG - Volatility Comparison
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Volatility by Period
| VBCB | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 4.09% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 6.82% | -5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.46% | 6.83% | -5.37% |
VBCB vs. USIG - Expense Ratio Comparison
VBCB has a 0.08% expense ratio, which is higher than USIG'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%.
Dividends
VBCB vs. USIG - Dividend Comparison
VBCB's dividend yield for the trailing twelve months is around 0.42%, less than USIG's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.71% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
VBCB Vanguard Target Maturity 2028 Corporate Bond ETF | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBCB and USIG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USIG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USIG is cheaper with a 0.04% expense ratio, compared with 0.08% for VBCB.
USIG has the higher dividend yield at 4.71%, compared with 0.42% for VBCB.
VBCB tracks ICE 2028 Maturity US Corporate Constrained Index, while USIG tracks ICE BofA US Corporate. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VBCB and 0.04% for USIG.
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