VCEB vs. VIG
VCEB (Vanguard ESG U.S. Corporate Bond ETF) and VIG (Vanguard Dividend Appreciation ETF) are both exchange-traded funds - VCEB is a Corporate Bonds fund tracking the Bloomberg Barclays MSCI US Corp SRI Select Index, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 5 years, VCEB returned 0.51%/yr vs 10.62%/yr for VIG. At a 0.31 correlation, their price movements are largely independent. VCEB charges 0.12%/yr vs 0.04%/yr for VIG.
Performance
VCEB vs. VIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VCEB achieves a 0.32% return, which is significantly lower than VIG's 7.57% return.
VCEB
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 0.32%
- 6M
- 0.15%
- 1Y
- 5.34%
- 3Y*
- 5.05%
- 5Y*
- 0.51%
- 10Y*
- —
VIG
- 1D
- -0.19%
- 1M
- 3.79%
- YTD
- 7.57%
- 6M
- 6.99%
- 1Y
- 19.63%
- 3Y*
- 16.49%
- 5Y*
- 10.62%
- 10Y*
- 13.23%
VCEB vs. VIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | 0.32% | 7.48% | 2.23% | 8.52% | -15.15% | -1.99% | 2.46% |
VIG Vanguard Dividend Appreciation ETF | 7.57% | 14.17% | 16.99% | 14.51% | -9.80% | 23.76% | 13.45% |
Correlation
The correlation between VCEB and VIG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.31 |
The correlation between VCEB and VIG shifts across timeframes, from 0.31 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VCEB vs. VIG — Risk / Return Rank
VCEB
VIG
VCEB vs. VIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG U.S. Corporate Bond ETF (VCEB) and Vanguard Dividend Appreciation ETF (VIG). 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.
| VCEB | VIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.97 | -0.70 |
Sortino ratioReturn per unit of downside risk | 1.87 | 2.88 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.49 | -0.59 |
Martin ratioReturn relative to average drawdown | 5.87 | 10.06 | -4.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VCEB | VIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.97 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.75 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.60 | -0.55 |
Drawdowns
VCEB vs. VIG - Drawdown Comparison
The maximum VCEB drawdown since its inception was -21.60%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for VCEB and VIG.
Loading charts...
Drawdown Indicators
| VCEB | VIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -46.81% | +25.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -7.91% | +5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -14.95% | +8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -20.39% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.72% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.19% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -5.51% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.96% | -1.05% |
Volatility
VCEB vs. VIG - Volatility Comparison
The current volatility for Vanguard ESG U.S. Corporate Bond ETF (VCEB) is 1.32%, while Vanguard Dividend Appreciation ETF (VIG) has a volatility of 2.19%. This indicates that VCEB experiences smaller price fluctuations and is considered to be less risky than VIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VCEB | VIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 2.19% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 7.57% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 10.01% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 14.23% | -7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 16.05% | -9.39% |
VCEB vs. VIG - Expense Ratio Comparison
VCEB has a 0.12% expense ratio, which is higher than VIG'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
VCEB vs. VIG - Dividend Comparison
VCEB's dividend yield for the trailing twelve months is around 4.65%, more than VIG's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.65% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIG Vanguard Dividend Appreciation ETF | 1.47% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
Frequently Asked Questions
VCEB and VIG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIG has higher volatility (2.19%) compared to VCEB (1.32%). In terms of maximum drawdown, VCEB dropped -21.60% vs VIG's -46.81%.
On 5-year performance, VIG leads with 10.62% vs 0.51% for VCEB. On fees, VIG is cheaper at 0.04% per year. On volatility, VCEB has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VIG has performed better with a 10.62% return vs 0.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIG is cheaper with a 0.04% expense ratio, compared with 0.12% for VCEB.
VCEB has the higher dividend yield at 4.65%, compared with 1.47% for VIG.
VCEB is categorized as Corporate Bonds, while VIG is Dividend. VCEB tracks Bloomberg Barclays MSCI US Corp SRI Select Index, while VIG tracks S&P U.S. Dividend Growers Index. Their fees differ too: 0.12% for VCEB and 0.04% for VIG.
VIG currently has the higher Sharpe Ratio (1.97 vs 1.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for VCEB and VIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer