VCEB vs. VTV
VCEB (Vanguard ESG U.S. Corporate Bond ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - VCEB is a Corporate Bonds fund tracking the Bloomberg Barclays MSCI US Corp SRI Select Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 5 years, VCEB returned 0.51%/yr vs 11.24%/yr for VTV. At a 0.24 correlation, their price movements are largely independent. VCEB charges 0.12%/yr vs 0.04%/yr for VTV.
Performance
VCEB vs. VTV - 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 VTV's 12.30% return.
VCEB
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 0.32%
- 6M
- 0.15%
- 1Y
- 5.34%
- 3Y*
- 5.05%
- 5Y*
- 0.51%
- 10Y*
- —
VTV
- 1D
- 0.01%
- 1M
- 4.23%
- YTD
- 12.30%
- 6M
- 13.12%
- 1Y
- 26.25%
- 3Y*
- 18.28%
- 5Y*
- 11.24%
- 10Y*
- 12.48%
VCEB vs. VTV - 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% |
VTV Vanguard Value ETF | 12.30% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 17.69% |
Correlation
The correlation between VCEB and VTV is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.24 |
The correlation between VCEB and VTV shifts across timeframes, from 0.24 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VCEB vs. VTV — Risk / Return Rank
VCEB
VTV
VCEB vs. VTV - 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 Value ETF (VTV). 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 | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.47 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 4.15 | -2.25 |
| Martin ratioReturn relative to average drawdown | 5.87 | 15.69 | -9.82 |
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 | VTV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.61 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.81 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.51 | -0.46 |
Drawdowns
VCEB vs. VTV - Drawdown Comparison
The maximum VCEB drawdown since its inception was -21.60%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VCEB and VTV.
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Drawdown Indicators
| VCEB | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -59.27% | +37.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -6.35% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -14.52% | +8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -17.04% | -4.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.78% | — |
Current DrawdownCurrent decline from peak | -1.05% | 0.00% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -7.87% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.68% | -0.77% |
Volatility
VCEB vs. VTV - Volatility Comparison
The current volatility for Vanguard ESG U.S. Corporate Bond ETF (VCEB) is 1.32%, while Vanguard Value ETF (VTV) has a volatility of 2.52%. This indicates that VCEB experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCEB | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 2.52% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 7.55% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 10.11% | -5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 13.88% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 16.67% | -10.01% |
VCEB vs. VTV - Expense Ratio Comparison
VCEB has a 0.12% expense ratio, which is higher than VTV'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. VTV - Dividend Comparison
VCEB's dividend yield for the trailing twelve months is around 4.65%, more than VTV's 1.86% 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% |
VTV Vanguard Value ETF | 1.86% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
VCEB and VTV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTV has higher volatility (2.52%) compared to VCEB (1.32%). In terms of maximum drawdown, VCEB dropped -21.60% vs VTV's -59.27%.
On 5-year performance, VTV leads with 11.24% vs 0.51% for VCEB. On fees, VTV 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, VTV has performed better with a 11.24% return vs 0.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTV 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 1.86% for VTV.
VCEB is categorized as Corporate Bonds, while VTV is Large Cap Value Equities. VCEB tracks Bloomberg Barclays MSCI US Corp SRI Select Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.12% for VCEB and 0.04% for VTV.
VTV currently has the higher Sharpe Ratio (2.61 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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