VCEB vs. VTI
VCEB (Vanguard ESG U.S. Corporate Bond ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - VCEB is a Corporate Bonds fund tracking the Bloomberg Barclays MSCI US Corp SRI Select Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 5 years, VCEB returned 0.51%/yr vs 12.69%/yr for VTI. At a 0.31 correlation, their price movements are largely independent. VCEB charges 0.12%/yr vs 0.03%/yr for VTI.
Performance
VCEB vs. VTI - Performance Comparison
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Returns By Period
In the year-to-date period, VCEB achieves a 0.32% return, which is significantly lower than VTI's 11.20% return.
VCEB
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 0.32%
- 6M
- 0.15%
- 1Y
- 5.34%
- 3Y*
- 5.05%
- 5Y*
- 0.51%
- 10Y*
- —
VTI
- 1D
- -0.72%
- 1M
- 4.99%
- YTD
- 11.20%
- 6M
- 11.09%
- 1Y
- 28.18%
- 3Y*
- 22.07%
- 5Y*
- 12.69%
- 10Y*
- 15.05%
VCEB vs. VTI - 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% |
VTI Vanguard Total Stock Market ETF | 11.20% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 18.94% |
Correlation
The correlation between VCEB and VTI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.31 |
The correlation between VCEB and VTI shifts across timeframes, from 0.31 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VCEB vs. VTI — Risk / Return Rank
VCEB
VTI
VCEB vs. VTI - 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 Total Stock Market ETF (VTI). 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 | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 3.17 | -1.28 |
| Martin ratioReturn relative to average drawdown | 5.87 | 14.62 | -8.75 |
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
| VCEB | VTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.33 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.73 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.51 | -0.46 |
Drawdowns
VCEB vs. VTI - Drawdown Comparison
The maximum VCEB drawdown since its inception was -21.60%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for VCEB and VTI.
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Drawdown Indicators
| VCEB | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -55.45% | +33.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -8.92% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -19.30% | +13.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -25.36% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.72% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -8.03% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.93% | -1.02% |
Volatility
VCEB vs. VTI - Volatility Comparison
The current volatility for Vanguard ESG U.S. Corporate Bond ETF (VCEB) is 1.32%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 2.96%. This indicates that VCEB experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCEB | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 2.96% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 9.13% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 12.17% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 17.40% | -10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 18.30% | -11.64% |
VCEB vs. VTI - Expense Ratio Comparison
VCEB has a 0.12% expense ratio, which is higher than VTI's 0.03% 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. VTI - Dividend Comparison
VCEB's dividend yield for the trailing twelve months is around 4.65%, more than VTI's 1.01% 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% |
VTI Vanguard Total Stock Market ETF | 1.01% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
VCEB and VTI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTI has higher volatility (2.96%) compared to VCEB (1.32%). In terms of maximum drawdown, VCEB dropped -21.60% vs VTI's -55.45%.
On 5-year performance, VTI leads with 12.69% vs 0.51% for VCEB. On fees, VTI is cheaper at 0.03% 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, VTI has performed better with a 12.69% return vs 0.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTI is cheaper with a 0.03% expense ratio, compared with 0.12% for VCEB.
VCEB has the higher dividend yield at 4.65%, compared with 1.01% for VTI.
VCEB is categorized as Corporate Bonds, while VTI is Large Cap Blend Equities. VCEB tracks Bloomberg Barclays MSCI US Corp SRI Select Index, while VTI tracks CRSP US Total Market Index. Their fees differ too: 0.12% for VCEB and 0.03% for VTI.
VTI currently has the higher Sharpe Ratio (2.33 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.
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