VBF vs. VICBX
Compare and contrast key facts about Invesco Bond Fund (VBF) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX).
VBF is an actively managed fund by Invesco. It was launched on Oct 28, 1970. VICBX is managed by Vanguard. It was launched on Nov 19, 2009.
Performance
VBF vs. VICBX - Performance Comparison
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VBF vs. VICBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBF Invesco Bond Fund | -1.56% | 5.46% | 6.97% | 2.27% | -17.77% | -5.37% | 12.80% | 30.91% | -11.16% | 13.35% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | -0.51% | 9.37% | 3.67% | 8.87% | -14.06% | -1.50% | 9.57% | 15.96% | -1.72% | 5.50% |
Returns By Period
In the year-to-date period, VBF achieves a -1.56% return, which is significantly lower than VICBX's -0.51% return. Over the past 10 years, VBF has underperformed VICBX with an annualized return of 3.15%, while VICBX has yielded a comparatively higher 3.32% annualized return.
VBF
- 1D
- -0.20%
- 1M
- -2.23%
- YTD
- -1.56%
- 6M
- -2.74%
- 1Y
- 2.15%
- 3Y*
- 4.53%
- 5Y*
- -0.76%
- 10Y*
- 3.15%
VICBX
- 1D
- 0.40%
- 1M
- -1.61%
- YTD
- -0.51%
- 6M
- 0.38%
- 1Y
- 5.77%
- 3Y*
- 5.75%
- 5Y*
- 1.52%
- 10Y*
- 3.32%
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VBF vs. VICBX - Expense Ratio Comparison
VBF has a 0.62% expense ratio, which is higher than VICBX's 0.05% expense ratio.
Return for Risk
VBF vs. VICBX — Risk / Return Rank
VBF
VICBX
VBF vs. VICBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bond Fund (VBF) and Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX). 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.
| VBF | VICBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 1.38 | -1.07 |
Sortino ratioReturn per unit of downside risk | 0.47 | 1.95 | -1.48 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.01 | -1.59 |
Martin ratioReturn relative to average drawdown | 1.55 | 7.38 | -5.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBF | VICBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 1.38 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.25 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.62 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.87 | -0.54 |
Correlation
The correlation between VBF and VICBX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VBF vs. VICBX - Dividend Comparison
VBF's dividend yield for the trailing twelve months is around 5.57%, more than VICBX's 4.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBF Invesco Bond Fund | 5.57% | 5.46% | 5.51% | 5.31% | 4.60% | 3.36% | 6.89% | 5.04% | 5.40% | 5.07% | 4.56% | 5.40% |
VICBX Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares | 4.32% | 4.61% | 4.79% | 3.72% | 3.02% | 2.82% | 2.79% | 5.01% | 3.64% | 3.23% | 3.32% | 3.39% |
Drawdowns
VBF vs. VICBX - Drawdown Comparison
The maximum VBF drawdown since its inception was -32.23%, which is greater than VICBX's maximum drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for VBF and VICBX.
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Drawdown Indicators
| VBF | VICBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.23% | -20.55% | -11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.25% | -3.07% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -32.23% | -20.55% | -11.68% |
Max Drawdown (10Y)Largest decline over 10 years | -32.23% | -20.55% | -11.68% |
Current DrawdownCurrent decline from peak | -12.29% | -2.02% | -10.27% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -3.16% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.84% | +0.58% |
Volatility
VBF vs. VICBX - Volatility Comparison
Invesco Bond Fund (VBF) has a higher volatility of 2.28% compared to Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares (VICBX) at 1.82%. This indicates that VBF's price experiences larger fluctuations and is considered to be riskier than VICBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBF | VICBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.82% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 2.66% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.15% | 4.39% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.41% | 6.14% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 5.33% | +7.38% |