VBCF vs. USIG
VBCF (Vanguard Target Maturity 2032 Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - VBCF tracks the ICE 2032 Maturity US Corporate Constrained Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Their correlation of 0.94 suggests significant overlap in exposure. VBCF charges 0.08%/yr vs 0.04%/yr for USIG.
Performance
VBCF vs. USIG - Performance Comparison
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Returns By Period
VBCF
- 1D
- -0.20%
- 1M
- -0.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.15%
- 1M
- -0.61%
- 6M
- -0.02%
- YTD
- 0.27%
- 1Y
- 4.44%
- 3Y*
- 5.46%
- 5Y*
- 0.31%
- 10Y*
- 2.34%
VBCF vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCF Vanguard Target Maturity 2032 Corporate Bond ETF | 1.27% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.79% |
Correlation
The correlation between VBCF and USIG is 0.94, 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 | 0.94 |
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Return for Risk
VBCF vs. USIG — Risk / Return Rank
VBCF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USIG
VBCF vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) 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.
| VBCF | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.44 | — |
| Martin ratioReturn relative to average drawdown | — | 4.55 | — |
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Drawdowns
VBCF vs. USIG - Drawdown Comparison
The maximum VBCF drawdown since its inception was -1.86%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for VBCF and USIG.
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Drawdown Indicators
| VBCF | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.86% | -22.21% | +20.35% |
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 | -0.87% | -1.25% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -3.40% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
VBCF vs. USIG - Volatility Comparison
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Volatility by Period
| VBCF | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 4.09% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.26% | 6.82% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 6.83% | -2.57% |
VBCF vs. USIG - Expense Ratio Comparison
VBCF 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
VBCF vs. USIG - Dividend Comparison
VBCF's dividend yield for the trailing twelve months is around 0.89%, less than USIG's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.78% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
VBCF Vanguard Target Maturity 2032 Corporate Bond ETF | 0.89% | 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
With a correlation of 0.94, VBCF and USIG 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.
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 VBCF.
USIG has the higher dividend yield at 4.78%, compared with 0.89% for VBCF.
VBCF tracks ICE 2032 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 VBCF and 0.04% for USIG.
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