VBCF vs. QCON

Last updated Jun 6, 2026

VBCF (Vanguard Target Maturity 2032 Corporate Bond ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. VBCF is passively managed, while QCON is actively managed. VBCF charges 0.08%/yr vs 0.32%/yr for QCON.

Performance

VBCF vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VBCF

• 1D: -0.57%
• 1M: -0.88%
• 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)

VBCF vs. QCON - Yearly Performance Comparison

	2026 (YTD)
VBCF Vanguard Target Maturity 2032 Corporate Bond ETF	1.01%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

VBCF vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) 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

	VBCF	QCON	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	—	—

Drawdowns

VBCF vs. QCON - Drawdown Comparison

The maximum VBCF drawdown since its inception was -1.86%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VBCF and QCON.

Drawdown Indicators

	VBCF	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-1.86%	0.00%	-1.86%
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-0.59%	0.00%	-0.59%

Volatility

Volatility by Period

	VBCF	QCON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.33%	0.00%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	0.00%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.33%	0.00%	+4.33%

VBCF vs. QCON - Expense Ratio Comparison

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

Dividends

VBCF vs. QCON - Dividend Comparison

VBCF's dividend yield for the trailing twelve months is around 0.50%, while QCON has not paid dividends to shareholders.

Position	TTM
QCON American Century Quality Convertible Securities ETF	0.00%
VBCF Vanguard Target Maturity 2032 Corporate Bond ETF	0.50%

Frequently Asked Questions

Which ETF is better, VBCF or QCON?

On fees, VBCF 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, VBCF or QCON?

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

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

VBCF has the higher dividend yield at 0.50%, compared with 0.00% for QCON.

What is the main difference between VBCF and QCON?

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