VBCG vs. QCON

Last updated Jun 6, 2026

VBCG (Vanguard Target Maturity 2033 Corporate Bond ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. VBCG is passively managed, while QCON is actively managed. VBCG charges 0.08%/yr vs 0.32%/yr for QCON.

Performance

VBCG vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Maturity 2033 Corporate Bond ETF (VBCG) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VBCG

• 1D: -0.56%
• 1M: -0.75%
• 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)

VBCG vs. QCON - Yearly Performance Comparison

	2026 (YTD)
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF	1.02%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

VBCG vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2033 Corporate Bond ETF (VBCG) 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

	VBCG	QCON	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	—	—

Drawdowns

VBCG vs. QCON - Drawdown Comparison

The maximum VBCG drawdown since its inception was -1.90%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VBCG and QCON.

Drawdown Indicators

	VBCG	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-1.90%	0.00%	-1.90%
Current Drawdown Current decline from peak	-1.06%	0.00%	-1.06%
Average Drawdown Average peak-to-trough decline	-0.52%	0.00%	-0.52%

Volatility

Volatility by Period

	VBCG	QCON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.58%	0.00%	+4.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.58%	0.00%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.58%	0.00%	+4.58%

VBCG vs. QCON - Expense Ratio Comparison

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

Dividends

VBCG vs. QCON - Dividend Comparison

VBCG's dividend yield for the trailing twelve months is around 0.84%, while QCON has not paid dividends to shareholders.

Position	TTM
QCON American Century Quality Convertible Securities ETF	0.00%
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF	0.84%

Frequently Asked Questions

Which ETF is better, VBCG or QCON?

On fees, VBCG 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, VBCG or QCON?

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

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

VBCG has the higher dividend yield at 0.84%, compared with 0.00% for QCON.

What is the main difference between VBCG and QCON?

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