VBCH vs. QCON

Last updated Jun 6, 2026

VBCH (Vanguard Target Maturity 2034 Corporate Bond ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. VBCH is passively managed, while QCON is actively managed. VBCH charges 0.08%/yr vs 0.32%/yr for QCON.

Performance

VBCH vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Maturity 2034 Corporate Bond ETF (VBCH) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VBCH

• 1D: -0.53%
• 1M: -0.80%
• 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)

VBCH vs. QCON - Yearly Performance Comparison

	2026 (YTD)
VBCH Vanguard Target Maturity 2034 Corporate Bond ETF	1.22%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

VBCH vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2034 Corporate Bond ETF (VBCH) 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

	VBCH	QCON	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	—	—

Drawdowns

VBCH vs. QCON - Drawdown Comparison

The maximum VBCH drawdown since its inception was -2.05%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VBCH and QCON.

Drawdown Indicators

	VBCH	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-2.05%	0.00%	-2.05%
Current Drawdown Current decline from peak	-1.07%	0.00%	-1.07%
Average Drawdown Average peak-to-trough decline	-0.53%	0.00%	-0.53%

Volatility

Volatility by Period

	VBCH	QCON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.99%	0.00%	+4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.99%	0.00%	+4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.99%	0.00%	+4.99%

VBCH vs. QCON - Expense Ratio Comparison

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

Dividends

VBCH vs. QCON - Dividend Comparison

VBCH's dividend yield for the trailing twelve months is around 0.90%, while QCON has not paid dividends to shareholders.

Position	TTM
QCON American Century Quality Convertible Securities ETF	0.00%
VBCH Vanguard Target Maturity 2034 Corporate Bond ETF	0.90%

Frequently Asked Questions

Which ETF is better, VBCH or QCON?

On fees, VBCH 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, VBCH or QCON?

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

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

VBCH has the higher dividend yield at 0.90%, compared with 0.00% for QCON.

What is the main difference between VBCH and QCON?

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