VCIT vs. BBCB
VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - VCIT tracks the Barclays U.S. 5-10 Year Corp Index while BBCB tracks the Bloomberg US Corporate Investment Grade. Both are passively managed. Over the past 5 years, VCIT returned 1.22%/yr vs 0.84%/yr for BBCB. Their correlation of 0.93 suggests significant overlap in exposure. VCIT charges 0.04%/yr vs 0.09%/yr for BBCB.
Performance
VCIT vs. BBCB - Performance Comparison
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Returns By Period
In the year-to-date period, VCIT achieves a 0.18% return, which is significantly lower than BBCB's 2.82% return.
VCIT
- 1D
- -0.22%
- 1M
- 0.28%
- YTD
- 0.18%
- 6M
- 0.07%
- 1Y
- 6.13%
- 3Y*
- 6.00%
- 5Y*
- 1.22%
- 10Y*
- 2.93%
BBCB
- 1D
- -0.11%
- 1M
- 0.66%
- YTD
- 2.82%
- 6M
- 2.66%
- 1Y
- 8.37%
- 3Y*
- 5.98%
- 5Y*
- 0.84%
- 10Y*
- —
VCIT vs. BBCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.18% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | 0.73% |
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 2.82% | 7.69% | 1.97% | 8.42% | -15.72% | -2.23% | 10.39% | 14.86% | 0.43% |
Correlation
The correlation between VCIT and BBCB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.93 |
The correlation between VCIT and BBCB has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
VCIT vs. BBCB — Risk / Return Rank
VCIT
BBCB
VCIT vs. BBCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB). 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.
| VCIT | BBCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.85 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.95 | 10.09 | -3.14 |
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
| VCIT | BBCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.71 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.12 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.46 | +0.30 |
Drawdowns
VCIT vs. BBCB - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, smaller than the maximum BBCB drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for VCIT and BBCB.
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Drawdown Indicators
| VCIT | BBCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -22.48% | +1.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.95% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -6.46% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | -22.32% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -0.34% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -6.66% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.83% | +0.05% |
Volatility
VCIT vs. BBCB - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) have volatilities of 1.38% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | BBCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.41% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 3.98% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 4.93% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 7.25% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 7.50% | -1.22% |
VCIT vs. BBCB - Expense Ratio Comparison
VCIT has a 0.04% expense ratio, which is lower than BBCB's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VCIT vs. BBCB - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.80%, less than BBCB's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 7.15% | 5.02% | 5.22% | 4.22% | 3.39% | 3.47% | 4.59% | 5.25% | 0.20% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.80% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
With a correlation of 0.95, VCIT and BBCB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBCB has higher volatility (1.41%) compared to VCIT (1.38%). In terms of maximum drawdown, VCIT dropped -20.56% vs BBCB's -22.48%.
On 5-year performance, VCIT leads with 1.22% vs 0.84% for BBCB. On fees, VCIT is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCIT has performed better with a 1.22% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.04% expense ratio, compared with 0.09% for BBCB.
BBCB has the higher dividend yield at 7.15%, compared with 4.80% for VCIT.
VCIT tracks Barclays U.S. 5-10 Year Corp Index, while BBCB tracks Bloomberg US Corporate Investment Grade. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.04% for VCIT and 0.09% for BBCB.
BBCB currently has the higher Sharpe Ratio (1.71 vs 1.50), 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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