VBCG vs. USIG
VBCG (Vanguard Target Maturity 2033 Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - VBCG tracks the ICE 2033 Maturity US Corporate Constrained Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Their 0.97 correlation means they have historically moved very closely together. VBCG charges 0.08%/yr vs 0.04%/yr for USIG.
Performance
VBCG vs. USIG - Performance Comparison
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Returns By Period
VBCG
- 1D
- -0.19%
- 1M
- -1.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USIG
- 1D
- -0.10%
- 1M
- -1.51%
- 6M
- -0.85%
- YTD
- -0.49%
- 1Y
- 2.04%
- 3Y*
- 5.08%
- 5Y*
- 0.00%
- 10Y*
- 2.31%
- ALL TIME*
- 3.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $98.77M | $106.12M | $96.97M | |
| $277.73K | $247.37K | $222.66K |
VBCG vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF | 0.48% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.03% |
Correlation
The correlation between VBCG and USIG is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.97 |
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Return for Risk
VBCG vs. USIG — Risk / Return Rank
VBCG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USIG
VBCG vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2033 Corporate Bond ETF (VBCG) 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.
| VBCG | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.01 | — |
| Martin ratioReturn relative to average drawdown | — | 2.91 | — |
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Drawdowns
VBCG vs. USIG - Drawdown Comparison
The maximum VBCG drawdown since its inception was -1.90%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for VBCG and USIG.
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Drawdown Indicators
| VBCG | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.90% | -22.21% | +20.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.79% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.97% | — |
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 | -1.56% | -2.00% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -3.40% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.97% | — |
Volatility
VBCG vs. USIG - Volatility Comparison
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Volatility by Period
| VBCG | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 4.07% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 6.81% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 6.82% | -2.55% |
VBCG vs. USIG - Expense Ratio Comparison
VBCG 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
VBCG vs. USIG - Dividend Comparison
VBCG's dividend yield for the trailing twelve months is around 1.21%, less than USIG's 4.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.42% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF | 1.21% | 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 0.97, VBCG 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 VBCG.
USIG has the higher dividend yield at 4.42%, compared with 1.21% for VBCG.
VBCG tracks ICE 2033 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 VBCG and 0.04% for USIG.
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